• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days America should go after China but it should be done in a wise way.
  • 24 hours Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 3 days World could get rid of Putin and Russia but nobody is bold enough
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Will OPEC Increase Production?

Will OPEC Increase Production?

Even though the IEA cut…

Offshore Oil Discoveries Thrive

Offshore Oil Discoveries Thrive

But despite the industry as…

Venezuela’s Oil Output Could See Moderate Boost

Venezuela’s Oil Output Could See Moderate Boost

The unlikely return of full…



The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

Gulf of Mexico Oil Spill Set to Be the Largest Since Deepwater Horizon

  • The spill forced the shutdown of about 62,000 barrels of daily oil production by companies like Occidental, W&T Offshore, and Talos Energy.
  • The incident is under investigation, with production halted until the leak's source is identified and repairs are made.
  • The spill, if confirmed in size, will rank as the 11th largest oil spill in U.S. history.

Offshore production from major oil names like Occidental, W&T Offshore and Talos Energy has been shuttered following a spill that Bloomberg is calling the worst in the US "since the Deepwater Horizon disaster."

These producers took a significant hit on Thursday as they stopped approximately 62,000 barrels of daily oil production due to a subsea pipeline rupture. The rupture resulted in a substantial oil spill of 26,000 barrels, equivalent to the volume of two Olympic-size swimming pools, in the Gulf of Mexico near Louisiana, Bloomberg noted.

If the magnitude of this spill is verified, it would mark the most substantial incident of its kind since 2010, when BP PLC's Deepwater Horizon rig catastrophe led to the release of 3.2 million barrels of oil off the coast of Louisiana.

The report, citing the U.S. Coast Guard, said other firms impacted by the situation include Walter Oil & Gas Corp, Cantium LLC, and Arena Offshore LLC.

These entities are now prohibited from resuming pumping activities until the source of the leak is securely identified and necessary repairs are completed, as outlined by the Coast Guard's statement.

The initial report of the spill came last Thursday when Main Pass Oil Gathering Co., the pipeline operator, observed a decrease in pipe pressure. It remains uncertain whether Main Pass is indeed the origin of the spill since multiple operators operate in the vicinity. Nevertheless, the Coast Guard has labeled the incident as MPOG 11015, with reference to the company, the report said. 

If the size of the leak is confirmed, it would be the 11th largest in U.S. history. 

By Zerohedge.com


More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • David on November 24 2023 said:
    At this point in time comparing the two incidents is nothing more than sensationalism. Unless the spill significantly increases this incident is magnitudes less significant. In fact the only thing about this incident that comparable is the location.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News