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

Child trafficking: ILO executes £28m project in 5 African countries

By Aliyu DANLADI

FG courts IOCs for increased investment in oil sector

Our Reporter

30 ships arrive Lagos ports with petrol, other goods

Editor

Report: PIA implementation may negatively impact Govt revenues

Our Reporter

Forex challenges killing domestic airline operations –Okonkwo, United Nigeria airline boss

Our Reporter

Manufacturing PMI recovers in November

Our Reporter