Shell and Chevron Suspend Production as Storm Approaches Gulf of Mexico
CVX Chevron Corp
$205.15 -1.17%
View chart & analysis → - 1Shell evacuated all personnel from five platforms and suspended production activities.
- 2Chevron suspended production at four offshore platforms while five others remain operational.
- 3Offshore oil fields in the Gulf of Mexico account for 15% of total US oil production.
So what's the key point?
Shell and Chevron have stopped operating offshore facilities as a storm approaches the Gulf of Mexico. This area accounts for 15% of US oil production, so production has been disrupted.
Source Oilprice.com +1 · View original ↗
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