• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 7 hours Satellite Moons to Replace Streetlamps?!
  • 1 day US top CEO's are spending their own money on the midterm elections
  • 1 hour EU to Splash Billions on Battery Factories
  • 5 hours U.S. Shale Oil Debt: Deep the Denial
  • 13 hours The Balkans Are Coming Apart at the Seams Again
  • 1 day OPEC Is Struggling To Deliver On Increased Output Pledge
  • 44 mins The Dirt on Clean Electric Cars
  • 5 hours Owning stocks long-term low risk?
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 15 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 1 day 10 Incredible Facts about U.S. LNG
  • 1 day U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
Rig Count Rises Amid Oil Price Recovery

Rig Count Rises Amid Oil Price Recovery

The active number of rigs…

Offshore Gulf Of Mexico Operations Continue As Cindy Rages On

Po;

Two of British Petroleum’s major projects have had the storm pass over them, with equipment successfully weathering rain and minor ocean swells. The oil major had evacuated non-essential workers from the Mad Dog and Atlantis platforms, but those who manage production remained onsite due to the storm’s waning severity.

“Our top priority is the safety of all personnel and protecting the environment,” BP said, according to the Houston Chronicle. “We remain prepared to respond as conditions warrant.”

Chevron and Anadarko Petroleum both have projects in the Gulf of Mexico, and they also evacuated non-essential personnel.

Reuters Tuesday on Tuesday that the storm’s slow speed meant it would produce rain for a “long” time.

The Louisiana Offshore Oil Port (LOOP), the largest private crude storage facility in the U.S., stopped offloading procedures in anticipation of the storm. The port’s management expected no disruptions in deliveries from a hub in Clovelly, Louisiana.

On shore, Cindy is expected to bring a foot of rain to the states bordering the gulf on Thursday, potentially causing life-threatening flash floods, according to the National Hurricane Center. Winds could speed up to 50 mph.

Hurricane season began in the Atlantic Ocean and the Gulf of Mexico officially on June 1st, but this year, the first tropical storm, named Arlene, hit in April.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News