The US Environmental Protection Agency announced on Sunday that nearly a fifth of crude oil production and 28 % of natural gas production in US federal waters in the Gulf of Mexico are still out of service following Hurricane Francine. The agency, which regulates energy production in US offshore platforms, cited reports from producers as saying that there were still 37 oil and gas platforms without employees on Sunday, or about 10 % of the total number of platforms in the Gulf of Mexico. According to the agency's estimates, production in the Gulf waters on Sunday reached 338,690 barrels of oil and about 515 million cubic feet of natural gas, and 171 offshore platforms were evacuated of workers at the height of the hurricane last week. It is noteworthy that Hurricane Francine passed over major marine areas for oil and natural gas production and hit the state of Louisiana as a Category 2 hurricane last Wednesday. The storm toppled trees, flooded coastal areas and caused power outages in four southern America n states. Source: National Iraqi News Agency
Related Articles
Qatar Stock Exchange Closes Higher by 0.15 Percent
Doha: The Qatar Stock Exchange (QSE) closed Sunday’s trading session with an increase of 14.77 points, or 0.15 percent, reaching a level of 9716.94 points.
During the session, 102,332,492 shares were traded, amounting to a value of QR 359,254,349.149…
Minister of Agriculture Invites Saudi Arabia to Participate in the Investment Forum in Baghdad
Minister of Agriculture Abbas Jabr Al-Maliki called on Saudi Arabia, on Thursday, to participate in the investment forum scheduled to be held in Baghdad soon, while expressing his hope to open prospects for joint cooperation in the fields of agricultu…
Saudi Stock Exchange Closes Lower
The Saudi Stock Exchange main index closed down by 20.97 points to close at 11,658.53 points, on Monday.
As many as 273 million shares were traded with a trading value of SAR 7.3 billion.
The shares of 93 companies rose while 130 others closed down….
