Taking Stock in the Wake of Rita

Tuesday, September 27, 2005
Five refineries in Texas and Louisiana suffered significant damage from Hurricane Rita over the weekend and at least two of them will take weeks to come back on line, Reuters reported. U.S. oil companies on Monday took stock and began recovery efforts to Gulf of Mexico refineries and offshore production infrastructure after Hurricane Rita, the second major storm in a month to strike at the heart of the U.S. energy industry.

Rita wreaked havoc on at least five refineries in Port Arthur, Texas, and Lake Charles, Louisiana Two of them said it could be weeks before they restart.

The U.S. Department of Energy said Rita and Katrina had taken out about 4.4 million barrels per day or about 25 percent of total U.S. refining capacity. Of this, 1.4 million barrels, or 8 percent, could be closed for weeks or months.

In Port Arthur, Valero Energy Corp.'s 250,000 barrel per day refinery and Total's 233,000 barrel per day refinery will be shut for two to four weeks, company officials said.

Most oil and gas producers were still assessing the damage Rita wrought on exploration and production facilities. Crude oil output from the U.S. Gulf of Mexico remained completely shut in for the third straight day, the U.S. government said on Monday. The Minerals Management Service said 1.527 million barrels per day of crude oil production was shut in, compared with the 1.501 million barrels shut in on Sunday. This brings total crude oil production shut-in since August 26 by Katrina and Rita to 34.8 million barrels.

About 78.4 percent, or 7.8 billion cubic feet, of natural gas remained shut in by Rita, down from the 8.047 billion cubic feet or 80.47 percent shut in on Sunday. So far, 163.9 billion cubic feet of natural gas has been shut in since August 26 by Katrina and Rita. (Source: Reuters)

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

DP World Mulls Senegal Free Zone

DP World  is looking to develop a free zone in Senegal, Chairman Sultan Ahmed bin Sulayem said on Wednesday. Sulayem was speaking at an African investment event in Dubai.

Skangass Builds LNG Terminal in Pori, Finland

With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016.

Energy

Leak May Sideline New Mexico Nuclear Waste Site

It may be five years before a nuclear waste dump in New Mexico closed by a radiation leak is fully operational again, and the facility will need at least $240

Imperial Oil Completes Maintenance at Kearl Oil Mine

Imperial Oil Ltd said on Tuesday it has completed a two-week major maintenance turnaround at its 110,000 barrel per day Kearl oil sands mine in northern Alberta.

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1239 sec (8 req/sec)