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ENERGY: Hurricane Francine Shut in 42% of GoM Crude and 53% of Gas Production

ENERGY
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Hurricane Francine shut in about 730mb/d or 42% of crude oil production and 992mcf or 53% of natural gas output in the U.S. Gulf of Mexico on Thursday, the U.S. offshore energy regulator said. 

  • Hurricane Francine likely disrupted 1.5mbbl of Gulf of Mexico production, according to UBS estimates, cited by Reuters. This will likely reduce the region’s monthly production by 50k b/d.
  • BP reported no significant impacts to offshore assets in Gulf of Mexico from Francine.
  • Murphy Oil is in the process of assessing facilities but continues production from the majority of its assets.
  • Chevron expected to return offshore staff yesterday and should start a production ramp up once the facilities are deemed safe.
  • Woodside Energy on Thursday said power outages impacted shorebase and warehouse facilities but has sustained no damage. The Shenzi oil facility production remained shut-in due power loss to an onshore refinery.
  • Kinder Morgan expects to be partially operational at its terminals by Friday.
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Hurricane Francine shut in about 730mb/d or 42% of crude oil production and 992mcf or 53% of natural gas output in the U.S. Gulf of Mexico on Thursday, the U.S. offshore energy regulator said. 

  • Hurricane Francine likely disrupted 1.5mbbl of Gulf of Mexico production, according to UBS estimates, cited by Reuters. This will likely reduce the region’s monthly production by 50k b/d.
  • BP reported no significant impacts to offshore assets in Gulf of Mexico from Francine.
  • Murphy Oil is in the process of assessing facilities but continues production from the majority of its assets.
  • Chevron expected to return offshore staff yesterday and should start a production ramp up once the facilities are deemed safe.
  • Woodside Energy on Thursday said power outages impacted shorebase and warehouse facilities but has sustained no damage. The Shenzi oil facility production remained shut-in due power loss to an onshore refinery.
  • Kinder Morgan expects to be partially operational at its terminals by Friday.