⁍ Hurricane Delta has shut 92% of Gulf’s oil output.
⁍ Total SA began shutting an oil processing unit at its Port Arthur, Texas, refinery.
⁍ Royal Dutch Shell Plc said it would continue operating its refineries in Convent, Geismar and Norco.
– Most of the Gulf of Mexico’s oil and natural gas production has been shut down in the face of Hurricane Delta, which is expected to make landfall in Louisiana Friday night. Reuters reports that Delta, the biggest storm to hit the Gulf in 15 years, has shut nearly 92% of Gulf oil and natural gas production, or 1.69 million barrels of oil per day, as of midday Friday. That’s the most since Hurricane Katrina shut down more than 100 offshore platforms and months of oil and gas production in 2005. The storm is expected to weaken as it approaches the coast, but it will still be a Category 2 hurricane when it makes landfall, according to the National Hurricane Center. Oil and gas producers have evacuated 281 offshore Gulf of Mexico facilities and moved 14 drilling rigs away from Delta’s large windfield. The storm is expected to bring a 4- to 11-foot storm surge to the coast near landfall. In addition to oil, producers have halted nearly 62% of the region’s natural gas output. offshore Gulf of Mexico fields produce about 15% of US crude oil and 5% of its natural gas production.
Source: https://www.reuters.com/article/us-storm-delta-energy/hurricane-delta-shuts-most-us-offshore-oil-output-in-15-years-idUSKBN26U0U4