Black Sea Storm Disrupts Russian and Kazakh Oil Exports
A severe storm in the Black Sea region has disrupted up to 2 million barrels per day (bpd) of oil exports from Kazakhtsan and Russia, according to state's officials and port agent data.Oil loadings from Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal in nearby Yuzhnaya Ozereyevka have been suspended since last week.Kazakhstan's largest oilfields - Tengiz, Kashagan and Karachaganak - are cutting combined daily oil output by 56% from November 27 as the storm disrupts loadings at CPC…
Gulf of Mexico Oil Spill Shuts in Around 3% of Daily Output
Around 61,165 barrels of daily oil output from at least six producers, making up about 3% of crude oil production in the Gulf of Mexico, has been shut in by Third Coast Infrastructure's underwater pipeline leak, the U.S. Coast Guard said on Wednesday.The oil producers whose facilities are impacted include W&T Energy, Occidental Petroleum, Walter Oil and Gas, Cantium, Arena Offshore and Talos Energy Ventures, the Coast Guard said, citing the U.S. Interior Department's Bureau of…
Husky's 1Q Net Rises
Husky Energy Inc.’s first-quarter net income rose 36 percent on higher oil prices and output, Bloomberg reported. Net income rose to $457m from $336m a year earlier. Net sales climbed 48 percent to $2.7b from $1.8b a year earlier. The company's daily oil output increased 16 percent to 239,400 barrels as White Rose came online last November. Gas production rose 1.3 percent to 685.4 million cubic feet a day from a year ago. Husky said its oil sold for $39.47 a barrel in the quarter, up 28 percent from $30.83 a year earlier. (Source: Bloomberg)
