Featured Gas Oil

Producers shut 19% of Gulf of Mexico oil output as storm looms

By Thompson ABISOLA

Oil and gas producers have shut 19 per cent of oil production and 11 per cent of natural gas production in the U.S. Gulf of Mexico.

They are shut ahead of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Monday.

The closures represent 324,190 barrels of oil per day and 283.88 million cubic feet per day of natural gas, BSEE said.

The reports are compiled from eight companies imputs. Exxon Mobil, BP and Equinor have all evacuated staff ahead of the storm.

Related posts

AMCON’s assets under management hit N136.73bn

Our Reporter

Petroleum products marketers have no plan to go on strike – President

Editor

NNPCL/NIPCO to deploy 35 CNG stations

Editor

Bank tasks Nigerian engineers on solutions to infrastructure deficits

Editor

FIFA sanctions Nigeria, 5 others over misconduct during Qatar 2022 qualifiers

Our Reporter

Independence anniversary: New York town hoists Nigerian flag

Editor