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Posts Tagged ‘Hurricane Ivan’

At Time of Epic Storms, Oil Industry Thinks Anew

The New York Times: At Time of Epic Storms, Oil Industry Thinks Anew

“Shell said its output – which usually amounts to 450,000 barrels a day, or nearly a third of the gulf’s oil production – would be down 40 percent until next year.”

By JAD MOUAWAD
Published: September 15, 2005

Around the world, offshore oil and gas platforms are generally built to survive without serious damage a so-called 100-year storm – a hurricane so powerful that it typically occurs only once every hundred years.

Hurricane Ivan roared through the Gulf of Mexico a year ago, generating the highest waves ever recorded there in a storm considered likely to occur only once every 2,500 years. Given the scale of the hurricane, it was inevitable that it would wreak havoc in the gulf, America’s biggest energy-producing region, uprooting miles of underwater pipelines, destroying platforms and crimping production for months. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Oil Jumps to Record, Nearing $50, on Threat to Nigerian Supply

Bloomberg: Oil Jumps to Record, Nearing $50, on Threat to Nigerian Supply

“Royal Dutch/Shell Group’s venture in Nigeria evacuated 235 employees from the Niger River delta Friday amid clashes between government troops and armed militants.”

Sept. 27 (Bloomberg) — Crude oil rose to a record $49.74 a barrel in New York, its eighth straight gain, on concern rebels may target output in Nigeria as U.S. refiners struggle to meet their needs after Hurricane Ivan cut Gulf of Mexico supplies.

Oil is up 53 percent this year. Royal Dutch/Shell Group’s venture in Nigeria evacuated 235 employees from the Niger River delta Friday amid clashes between government troops and armed militants. In the U.S., declining oil inventories, now close to a 29-year low, led the government to agree to loan oil from its emergency stockpile so refiners can make gasoline. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Government agrees with Shell, Placid Refining for oil from reserve

San Mateo Daily Journal: Government agrees with Shell, Placid Refining for oil from reserve

WASHINGTON — An agreement has been reached to lend 1.7 million barrels of oil from the government’s Strategic Petroleum Reserve…”

By H. Josef Hebert, AP

25 Sept 04

WASHINGTON — An agreement has been reached to lend 1.7 million barrels of oil from the government’s Strategic Petroleum Reserve to two companies whose refineries were running short of crude because of Hurricane Ivan, the Energy Department said Friday.

The department said 1.4 million barrels of crude would begin flowing Saturday to two Shell Oil refineries, in Texas and Louisiana; and another 300,000 barrels to the Placid Refining Co. in Louisiana.

A number of additional oil swaps stemming from hurricane-related supply disruptions are under negotiation, but department officials would not identify the companies nor the amounts of oil involved. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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