Skip to site menu Skip to page content

Daily Newsletter

01 October 2024

Daily Newsletter

01 October 2024

Gulf of Mexico’s oil and gas operations recover as Hurricane Helene moves north 

The US Bureau of Safety and Environmental Enforcement (BSEE) has provided its final update on oil and gas operations in the Gulf of Mexico (GOM).

Claire Jenns September 30 2024

Following the continued response to Hurricane Helene, the US BSEE has estimated that 3.35% of GOM oil activities are now shut-in, down from 30% reported on 26 September. 

The BSEE has also confirmed that only 0.91% of natural gas production in the offshore region is closed, decreasing from a reported 17% on 26 September.  

On 24 September, major oil companies including Chevron, Shell and Equinor began evacuating staff from their offshore facilities. 

As of 29 September, a total of three production platforms have been evacuated, or 0.81% of the total 371 manned platforms in the area.  

Additionally, one non-dynamically positioned (DP) rig has been moved from Hurricane Helene’s path, representing 4.76% of the 21 DP rigs currently operating in the Gulf.  

The BSEE stated that personnel will remain on board and return to the original location once the storm has completely passed. 

The organisation, which oversees improving safety and ensuring environmental protection relating to the offshore energy industry, said: “Now that the storm has passed, facilities will be inspected. Once all standard checks have been completed, production from undamaged facilities will be brought back online immediately. Facilities sustaining damage may take longer to bring back online.” 

It is currently unclear how Hurricane Helene has impacted the GOM’s overall output, as it produces 97% of the US’ offshore oil and gas. The region was also marked by Hurricane Francine in early September, which took almost a fifth of its oil production out of action.  

The US Energy Information Administration’s most recent forecast for GOM’s oil and gas production showed 1.8 million barrels per day of crude oil and 1.8 billion cubic feet a day of natural gas in 2024.  

Decreasing oil and gas prices in US have also stalled production this year as companies turn their focus to efficient drilling operations.  

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close