Check out what is clicking on FoxBusiness.com.
Top U.S. Gulf of Mexico oil manufacturer Shell mentioned it had halted manufacturing at 3 of its U.S. Gulf of Mexico deepwater platforms after a leak close pipelines connecting the platforms.
Shell mentioned its Mars, Ursa, and Olympus platforms were shut-in. The 3 are designed to provide as much as 410,000 barrels of oil according to day blended, consistent with information at the corporate’s website online.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SHEL | SHELL PLC | 53.93 | +1.30 | +2.47% |
SHELL TO STOP BUYING RUSSIAN OIL AND GAS, APOLOGIZES FOR RECENT PURCHASES
“Shell is coordinating with local authorities and mobilizing personnel and equipment to assess the situation,” the corporate mentioned in a commentary. It didn’t estimate when the pipelines may resume operation.
An emblem of Shell is pictured at a gasoline station within the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer
The 3 platforms ship Mars bitter crude, a grade prized by way of oil refiners within the United States and Asia. Shell mentioned it was once comparing “alternative flow paths” to transport the oil to shore by way of different pipelines.
Shell close its Mars and Amberjack Pipelines because of a leak on the Fourchon booster station, it mentioned. The Fourchon Booster Station is helping build up the drive and crude oil go with the flow to onshore garage amenities in Clovelly, Louisiana.
CLICK HERE TO READ MORE ON FOX BUSINESS
A spokesperson for the Port Fourchon Commission was once no longer in an instant to be had to remark at the booster station.
(Reporting by way of Arathy Somasekhar in Houston; modifying by way of Grant McCool)
