An offshore natural gas pipeline that serves four major U.S. Gulf of Mexico production platforms remained out of commission on Aug. 31, pipeline operator Enbridge said, following Hurricane Laura.
U.S. Gulf of Mexico crude oil output remained down 70%, according to data released on Aug. 30, as oil and gas companies continued to return crews to offshore facilities that were evacuated ahead of Hurricane Laura.
The closures of Houston Port, Beaumont and Port Arthur due to Hurricane Laura were expected to reduce seaborne crude oil export capacity in the U.S. by nearly 1 million bbl/d.
Operators were scheduling reconnaissance flights over the more than 300 offshore oil and gas platforms and drilling rigs prior to Hurricane Laura reaching the Gulf of Mexico oil fields.
Six oil-processing plants that convert nearly 2.33 million bbl/d of oil into fuel, and account for about 12% of U.S. processing, were shut down on Aug. 26. as Hurricane Laura moves toward the Texas/Louisiana coast.
Oil producers on Aug. 25 had evacuated 310 offshore facilities and shut 1.56 million bbl/d of crude output, 84% of Gulf of Mexico's offshore production, near the 90% outage that Katrina brought 15 years ago.
Oil and gas firms had shut wells in the U.S. Gulf of Mexico accounting for 1 million bbl/d of oil on Aug. 23, as one storm is forecast to become a damaging Category 2 hurricane.
The Brent-WTI differential is expected to narrow during the week—stemming from WTI gaining support from the hurricanes headed toward the U.S. Gulf Coast.
Households in lockdown ramped up purchases for cooking; petrochemical output has increased to make protective gear.