Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Nearly half of the oil production in the U.S. Gulf of Mexico remained shut-in Wednesday as producers continue to restore production following Hurricane Isaac.
The Bureau of Safety and Environmental Enforcement reported Wednesday that 49.33% of oil output in the U.S. Gulf was still shut-in, or about 680,749 barrels a day. That is compared to 51.5% of Gulf oil production that was shut-in on Tuesday.
Based on data from offshore operator reports submitted as of 11:30 a.m. CDT today, personnel remain evacuated on a total of 18 production platforms, equivalent to 3.02 percent of the 596 manned platforms in the Gulf of Mexico. Further, personnel remain evacuated from just one rig (including jackup rigs, submersibles and semisubmersibles), equivalent to 1.32 percent of the 76 rigs currently operating in the Gulf.
The BSEE also reported that 25.71% of natural gas production in the Gulf, about 1.16 billion cubic feet a day, was still shut-in.
Oil and gas operators continue to assess their facilities and are submitting damage reports to BSEE as required. So far reports continue to indicate mainly minor damage.
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