Tuesday, September 4, 2018

54 rigs shut down ahead of Gordon



U.S. oil prices edged upward past $70 per barrel on Sept. 4 after Anadarko Petroleum Corp. shutdown and evacuated two Gulf of Mexico oil platforms in preparation of a potential Cat 1 hurricane named Gordon that is making a bee-line for the northern Gulf Coast. U.S. West Texas Intermediate (WTI) crude futures were at $70.04 per barrel (up 24 cents). (Source: Marine Link 09/04/18) UPDATE: A total of 54 O&G production platforms in the Gulf of Mexico were shutdown because of the threat posed by TS Gordon, according to a Sept. 4 media releases from the federal Bureau of Safety and Environmental Enforcement. Those numbers represented 7.86 percent of the 687 manned platforms in the GoM.