Gulf of Mexico Oil Output Down 25% As Storm Rafael Hits. Chevron, Shell Restart Gulf Operations After Storm.

Benzinga 2024-11-11

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Storm Rafael caused significant disruptions in the U.S. Gulf of Mexico, keeping over a quarter of the region's oil and 16% of natural gas production offline as of Sunday. About 10% of the Gulf’s manned platforms remain evacuated, with two drilling vessels displaced. Chevron and Shell have begun redeploying personnel and resuming operations. Total production losses to date reach over 2 million barrels of oil and over 1 billion cubic feet of natural gas. The storm was downgraded to a tropical storm and is forecasted to shift southward early this week.

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