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 before the market opened. BHP shares last traded at A$20.55 on Wednesday.
More: marketwatch.com
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.
BHP could face write-offs from Gulf of Mexico hurricane damage
BHP Billiton may be forced to write off its Typhoon oil and gas platform after extensive damage caused by hurricanes in the Gulf of Mexico earlier this year, the Age reported, citing analysts.
The newspaper said that analysts downgraded their forecasts for BHP Billiton's oil and gas production after the company provided a briefing on the impact of the hurricanes to investors last Friday.
BHP Billiton did not change its production forecast but warned of the potential for delays on some projects and said no decision had yet been made on
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
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
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 gas,
WASHINGTON, September 3 (Itar-Tass) -- Hurricane Katrina ruined 58 oilrigs in the Gulf of Mexico, a representative of the American Petroleum Institute said on Friday. He said 30 oilrigs could not be restored.
Apache oil company, which announced the loss of eight oilrigs producing about 7,200 barrels of oil and 12.1 million cubic meters of gas a day, suffered large damages.
American experts said that total losses in the oil production have amounted to daily 7.44 barrels since August 26.
The Gulf of Mexico was supplying up to 30% of all U.S. crude and one-fourth of natural gas to the
Mexico halts all oil exports,most output, till Wed
Mexico's closure of most offshore oil production and ports mean the suspension of 2.95 million barrels per day (bpd) in output until midweek and the grounding of all exports, state oil monopoly Pemex said on Monday.
Pemex -- which normally produces 3.4 million bpd of crude -- said it would start restoring production on Wednesday and should be fully operational again on Friday, after shutting down most oil wells in the Campeche Sound, in the southern Gulf of Mexico, due to Hurricane Emily.
Pemex said port closures in the Gulf of Mexico meant it was
Chevron evacuating Gulf of Mexico workers before Rita
Chevron Corp. said Monday it is evacuating oil rig workers in the Gulf of Mexico before Tropical Storm Rita hits, a move which could reduce oil production in the region.
based Chevron (NYSE:CVX) told Reuters that its evacuations were a normal procedure, similar to what it did before Hurricane Katrina blew through the Gulf.
Chevron didn't say how the evacuation will affect its oil or natural gas production.
Tropical Storm Rita was heading toward the Florida Keys and several weather models projected it would enter the Gulf and become a category one hurricane.
Reuters
Crude Oil Is Little Changed as U.S. Gulf of Mexico Output Drops
Crude oil was little changed, rebounding from the session's lows, after a government report showed that U.S. oil production fell in the Gulf of Mexico.
Oil production was 901,726 barrels below pre-storm levels, almost 5 percent more than reported yesterday, the Minerals Management Service said in a daily report. Prices declined earlier today on an Energy Department report that showed U.S. supplies of crude oil and petroleum products declined less than expected in the wake of Hurricane Katrina.
``There are obviously still some problems out in the Gulf,''
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,
