Mexico, U.S. GOM Operators Monitor Ida
Energy traders and weather forecasters are warning that tropical depression Ida hovering over Honduras and Nicaragua and adverse weather due to hit the southwestern Gulf next week could pose as a threat to operators in the Gulf of Mexico, Reuters reported Friday.
So far, two Mexican oil terminals -- Coatzacoalcos and Dos Bocas -- have shut-in operations due to waves surging as high as 12 feet at both ports, Reuters said. The major oil ports are responsible for as much as 22% of Mexico's oil exports.
Additionally, state-run oil major Pemex may temporarily curtail its oil production if these shutdowns are drawn out, the report noted.
Despite these shutdowns, Mexico's main export terminal Cayo Arcas, located on the Gulf Coast, was operating without a hitch, the Latin American government confirmed. U.S. oil producers and refiners of offshore GOM installations also reported that operations are being carried out as normal.
In the meantime, the tropical weather systems will be closely monitored.
"No shutdowns at this time. We will continue to monitor the weather along the Gulf Coast and take appropriate precautions as necessary," Bill Day, spokesman for Valero Energy Corp, the largest U.S. refiner, told Reuters.
"We monitor all storms. We'll take action when it's appropriate," said Apache Corp spokesman Bill Mintz to Reuters.
- UK Gov Energy Reps Stay on as Resignations Mount
- Has There Been Any Follow Up on DOE Energy Meeting?
- Fire at Mongstad Extinguished
- Shell Sees $1B Gain in Refining
- OBR Says UK Would Tip into Recession Without Russian Energy
- ORE Catapult, National Robotarium Consortium get OLTER Project Job
- Neptune Joins Aiming for Zero Methane Emissions Intiative
- Crisis Averted on Norwegian Continental Shelf
- Citi Warns Oil May Collapse
- Saudis Raise Oil Prices to Near Record
- USA Drops Rigs Week on Week
- Oil Prices Move Sharply Lower
- Top Headlines: USA Energy Sec Leads Meeting with 7 Major Oil Companies
- Permian Highway Pipeline in Expansion Project FID
- UAE Raises Fuel Prices Again
- Shell Looking for TikTok Expert
- Earthstone in $627MM Delaware Basin Deal
- Drones Sent Towards Israeli Gas Rig
- USA Navy and Iran Corps Clash in Strait of Hormuz
- Citi Warns Oil May Collapse
- Oil Industry Responds to Biden Letter
- Top Headlines: USA Navy and Iran Corps Clash in Strait of Hormuz and More
- Oil Nosedives on Fed Inflation Actions
- Top Headlines: Oil Industry Responds to Biden Letter and More
- Fitch Solutions Reveals Latest Oil Price Forecast
- Too Early To Speculate on ExxonMobil Refinery Fire Cause
- ExxonMobil Made More Money Than God This Year
- Russian Oil Disappears as Tankers Go Dark