Operators with assets along the Gulf Coast of Louisiana and Mississippi are assessing the damage to facilities following the October 29 landfall of Hurricane Ida.
In preparation for the storm, refineries were shut-in across the coast. The shut-ins amounted to approximately two million barrels per day, or ~12% of total U.S. refining capacity.
It is likely that the facilities will remain closed for several weeks as any damage is identified and repairs are made. Additionally, much of the area remains without power, which experts estimate will take weeks to restore.
It is likely that oil prices will rise slightly in the coming days due to the disruption in refinining capacity.
Related Categories :
Incidents / Accidents
More Incidents / Accidents News
-
Ecopetrol Details Ops, Challenges as Colombian Unrest Continues
-
Gran Tierra Updates Ops Amidst Colombian Protests
-
UPDATED: Saudi Oil Output to Return to Normal by End of the Month Post-Attack
-
CNRL Restarts Pelican Lake, Woodenhouse Ops After Wildfire
-
CNX Resources Grapples with 'Pressure Anomaly' at Latest Utica Well
Ark-La-Tex News >>>
-
Gas Players : A Comparative Analsysis
-
SM Energy Hits Record Output; Driven by Uinta
-
Refracs That Compete: Eagle Ford Wells Return to Life
-
Large Cap E&P To Reduce Drilling & Completion Activity in 2026 -
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
Gulf Coast News >>>
-
Comstock Rides Higher Gas Prices, Operational Momentum in Q2 2025
-
Liberty Energy: Navigating the Frac Downturn with Efficiency, Innovation, and Strategic Focus -
-
Baker Hughes Solid Y/Y Performance Amidst US Frac Market Slowdown -
-
Halliburton Warns of Deepening U.S. Frac Slowdown -
-
Oilfield Service Report : 13 New Leads/Company Formation & Contacts YTD