MMS: Gulf Recovery Still Slow

Thursday, February 23, 2006
According to the U.S. Minerals Management Service, the recovery of U.S. Gulf of Mexico oil and natural gas production after the storms of 2005 again showed little progress over the past two weeks. As of Feb. 22, shut-in oil production remained at 362,796 barrels per day, or 24.19 percent of normal production of 1.5 million bpd. That was down from 364,195, or 24.27 percent reported still shut in on Feb. 8.Natural gas output shut was 1.504 billion cubic feet per day, or 15.04 percent of normal daily output. That was only slightly improved from the Feb. 8 report showing 1.554 bcfd shut in, about 15.54 percent. Since Aug. 26 cumulative shut-in oil output is 129.59 million barrels, equivalent to 23.67 percent of the yearly Gulf of Mexico production of approximately 547.5 million barrels, the MMS report said. From the same August date, the cumulative shut-in natural gas production is 652.629 billion cubic feet, equivalent to 17.88 percent of the yearly Gulf of Mexico output of approximately 3.65 trillion cubic feet. Oil and natural gas output in the Gulf of Mexico has been inching back following hurricanes Katrina and Rita, which blasted the region in August and September and forced the shutdown of production platforms and pipelines. (Source: Reuters)

Navy

This Day In Naval History: August 29

1861 - During the Civil War, Seaman Benjamin Swearer lands with troops from the steam sloop of war, Pawnee, and takes part in the capture of Fort Clark, at Hatteras Inlet, N.

USS Freedom Suffers Casualty

The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly

Michelle Obama Sponsors Attack Submarine

General Dynamics Electric Boat has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state, reports AP.

Energy

Gasum, Wärtsilä Join Forces to develop Gas Value Chain

New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum,

Worldscale Flat Rates to Fall Again

The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry, says Weekly Tanker Market Report by Gibson.   The

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

 
 
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