logo

Editor's Pick: Markets: The week that was (16-20/11/09)

(BP-.L) BP PLC Buy/Sell

579.10 -2.50 (-0.43%) Down arrow Add to portfolio Set Alert Level 2 Desktop Trader

News


(AFX UK Focus) 2009-11-06 16:15
U.S. energy companies monitor storms in Gulf
Previous | Next | All news for this company
Article layout: raw

HOUSTON, Nov 6 (Reuters) - U.S. oil producers and refiners said operations were normal in and around the Gulf of Mexico early Friday as they monitored weather systems that could threaten offshore platforms and coastal facilities in the next several days.
"Wait and watch," said spokeswoman Linda Casey of Marathon Oil Co, which has a major refinery in Louisiana, describing the company's response so far.
"We monitor all storms. We'll take action when it's appropriate," said Apache Corp spokesman Bill Mintz. Apache has extensive oil and gas production in the Gulf.
Companies were faced with two systems -- former Hurricane Ida moving over Honduras and Nicaragua Friday and disturbed weather in the southwestern Gulf -- which could threaten Gulf area operations, energy traders and weather forecasters said.
Hurricane season, which ends Nov. 30, has been quiet up until now.
The Gulf of Mexico accounts for 25 percent of domestic U.S. oil production and 15 percent of natural gas output. About 40 percent of the nation's refining capacity is concentrated on the U.S. Gulf coast.

(Reporting by Bruce Nichols in Houston, Haitham Haddadin, Joshua Schneyer in New York, Janet McGurty in Toronto; editing by Jim Marshall)

((Email: b.nichols@thomsonreuters.com; +1 713 210 8510; Reuters Messaging: bruce.nichols.reuters.com@reuters.net)) Keywords: STORM ENERGY/GULF (For help: Click "Contact Us" in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com ; +1 646-223-5546)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Previous | Next | All news for this company
Article layout: raw
Jump back to site navigation