HOUSTON :Two weeks of losses in U.S. offshore energy production spiraled on Thursday, with prolonged outages from Hurricane Ida leading to oil contract cancellations around the globe.
Royal Dutch Shell Plc, the largest oil producer in the Gulf of Mexico, on Thursday declared force majeure on deliveries to Asia due to hurricane damages. It said 80per cent of its Gulf production remained offline. The storm has removed more than 20 million barrels of U.S. Gulf production from the market. Some 1.39 million barrels per day of crude and 1.72 billion cubic feet per day of natural gas output were shut-in on Thursday, according to offshore regulator Bureau of Safety and Environmental Enforcement.Damage assessments continued on Thursday at Shell's West Delta-143 offshore facility, which serves as the transfer station for all production from three deepwater oilfields.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-Tech woes will delay around US$ 3 billion in US Justice Department grants-documentsWASHINGTON : Technological glitches will cause the U.S. Justice Department to be late in paying out around US$3 billion in grants that fund programs such as victims services and criminal justice research, according to internal documents seen by Reuters.The problems with the grant management system known a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tennis - Rock-solid Sakkari reaches US Open semi-finalNEW YORK : Maria Sakkari rolled through to the semi-final at the U.S. Open on Wednesday, breaking down Czech Karolina Pliskova 6-4 6-4 on Arthur Ashe Stadium. The Greek was rock-solid with excellent court coverage through the first set, getting the early break as she put up a dozen winners and three aces,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Philippine trade gap tops US$ 3 billion for 4th straight month in JulyMANILA : The Philippines' trade deficit remained above US$3 billion for a fourth consecutive month in July, as imports rose faster than exports, government data on Thursday showed.The trade gap in July was US$3.3 billion, as imports jumped 24per cent to US$9.71 billion, while exports grew 12.7per cent to
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan Airlines looking to raise US$ 2.7 billion -NikkeiJapan Airlines Co Ltd is looking to raise 300 billion yen (US$2.72 billion) in funds to ride out anticipated funding challenges amid the continued slump in air traffic, Nikkei reported on Thursday, citing sources. The funds will be raised through subordinated loans and other financing measures, according
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tennis - Raducanu surprises herself with US Open runNEW YORK : No one is more surprised than Emma Raducanu herself.The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday.'I didn't expect to be here at all,' Raducanu told reporters. 'I think my flight
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tennis: Zverev eases past Harris into US Open semi-finalsNEW YORK :Fourth seed Alexander Zverev extended his winning streak to 16 matches by easing past South African Lloyd Harris 7-6(6) 6-3 6-4 and into the semi-finals of the U.S. Open on Wednesday where the German looms large as a potential roadblock to Novak Djokovic's bid for a calendar-year Grand Slam.The vict
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »