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US Gulf of Mexico oil output 100 pct shut-MMS

US Gulf of Mexico oil output 100 pct shut-MMS Offshore U.S. crude oil production in the Gulf of Mexico was totally shut for the second straight day on Sunday with natural gas output also lower, the U.S. Minerals Management Service said in its daily report logging the impact of Hurricane Rita and the prior Hurricane Katrina. The MMS said the percentage of oil output shut was 100 percent for both Sunday and Saturday, up from 99.125 percent on Friday. The normal daily oil output from Gulf of Mexico operations is 1.5 million barrels per day. For natural gas, 8.047 billion cubic feet

US Gulf of Mexico oil output shut-MMS

Offshore U.S. crude oil production in the Gulf of Mexico was totally shut on Saturday with natural gas output also lower, the U.S. Minerals Management Service said in its daily report logging the impact of Hurricane Rita and the prior Hurricane Katrina. MMS said the percentage of oil output shut was 100 percent, up from 99.125 percent on Friday. The normal daily oil output from Gulf of Mexico operations is 1.5 million barrels per day. The report said 1.5 million bpd of crude oil production was shut as Saturday, in contrast to 1.486 million bpd reported shut on Friday. For natural

UPDATE 2-Mexico’s Pemex resumes full production after Emily

UPDATE 2-Mexico's Pemex resumes full production after Emily Mexico resumed its full production of crude oil on Friday by bringing its wells in the Gulf of Mexico back on tap after they were closed by a powerful hurricane, state oil monopoly Pemex said. Pemex slashed output and halted exports as Hurricane Emily pounded the Yucatan Peninsula and then moved into the Gulf of Mexico earlier this week. The storm shut down 2.95 million barrels of day of crude oil as well as 1.87 million bpd of exports, the bulk of them to the United States. Pemex typically produces about 3.4 million bpd of crude,

BHP Billiton says Gulf of Mexico production remains shut

BHP Billiton says Gulf of Mexico production remains shut Australia's BHP Billiton Ltd. (BHP) said Wednesday that oil production at its Gulf of Mexico rigs is still shut after hurricane Katrina caused devastation in the area. There is little damage to BHP's facilities, but the disruption at refineries means production will be stopped for much longer than previously thought, a BHP spokeswoman said. She said the company doesn't know how long. Last week, BHP said it expected oil production to be shut off for a couple of days, after it evacuated crews and moved its rigs in preparation for the hurricane.

All Gulf of Mexico crude prod halted

All Gulf of Mexico crude prod halted Essentially all Gulf of Mexico crude oil production and 30 percent of U.S. oil refinery production was shut as Hurricane Rita approached the Texas and Louisiana coasts. Oil prices dropped Friday afternoon as Rita was downgraded to a Category 3 at maximum sustained winds of 125 mph. About 72 percent of natural gas production was shut in by Friday, the U.S. Minerals Management Service said. The MMS said 99.1 percent of crude production was shut. The storm has forced shut 15 big U.S. refineries, adding to the four that had remained shut after Hurricane Katrina

All Gulf of Mexico rigs, platforms remanned: MMS

All Gulf of Mexico rigs, platforms remanned: MMS All 953 oil and natural-gas rigs and platforms in the Gulf of Mexico have been remanned following the evacuations last week because of Hurricane Dennis, according to the latest report from the U.S. Minerals Management Service. A total of 5.3 million barrels of oil production and 23.2 billion cubic feet of natural-gas output were shut in between July 8 and July 14, the MMS said This story was supplied by MarketWatch. For further information see www.marketwatch.com More: futures.fxstreet.com

Oil climbs as storm approaches Gulf of Mexico

Oil climbs as storm approaches Gulf of Mexico Oil prices surged more than $1 on Wednesday as concerns about possible hurricane damage in the Gulf of Mexico added to fears about the conflict in Lebanon and the weekly US crude oil inventory report showed a drop in crude and petrol stockpiles. IPE Brent for September delivery gained $1.45 to $77.35 a barrel in late afternoon London trade, putting the European benchmark oil price within sight of last months record of $78.18. The Brent price has risen $4 in the past three sessions. Tropical Storm Chris threatened to turn into a hurricane and enter

Rita shuts down oil production in Gulf of Mexico

Rita shuts down oil production in Gulf of Mexico The impending strike of Hurricane Rita on the Texas coast poses as much of a risk to chemical output as it does to oil production and refining, analysts say, threatening shortages of key chemicals in coming days and weeks. An estimated 72 percent of all U.S. production capacity for ethylene was in the strike area of Rita. "About 72 percent of U.S. ethylene capacity is in the risk area, while 26 percent of U.S. refinery capacity is there," said an analyst . The devastating effects of Katrina on the Gulf of Mexico also pushed natural

BP, Shell say Gulf of Mexico ops still suspended

BP, Shell say Gulf of Mexico ops still suspended BP PLC and the Royal Dutch Shell said their operations at the Gulf of Mexico remained suspended even as initial inspection showed the offshore facilities sustained little damage from Hurricane Rita. 'The (US Gulf) facilities as of Monday are still completely shut. The situation is still the same,' said a BP spokeswoman. BP continues to check the facilities and will not allow operations to resume until it is completely certain that it is safe to do so. 'Initial assessment on Sunday via aerial overflights and small crews placed on several BP-operated deepwater

BHP Billiton says most Gulf of Mexico output restored

BHP Billiton says most Gulf of Mexico output restored Anglo-Australian resources group BHP Billiton (BHP) said Thursday that production has restarted at most of its Gulf of Mexico oil wells, which stopped production last week because of Hurricane Katrina. "All fields are in production except Boris and Mad Dog," a Melbourne-based spokeswoman said. BHP produces about 25,000 barrels of oil a day in the Gulf, from the Mad Dog, West Cameron, Genesis, Green Canyon, Typhoon and Boris fields. Teams are working to get the remaining two fields back into production as soon as possible, the spokeswoman said. The statement was made