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Less than one-third of US Gulf offshore crude oil production shut

October 16/2020

MOSCOW (MRC) - Less than a third of US Gulf offshore crude oil production remains shut following Hurricane Delta, reported Reuters with reference to the US Bureau of Safety and Environmental Enforcement's (BSEE) statement.

Shut crude oil production is 31% or, 568,505 barrels per day (bpd), as of midday Wednesday, BSEE said. Also, 18% of natural gas output, or 486.3 million cubic feet per day (mmcfd), remains shut.

On Tuesday, shut crude oil production was 44%, or 805,965 bpd. And, 30% of natural gas output, or 809 million cubic feet per day (mmcfd), remained shut, according to BSEE.

Between Oct. 6 and Wednesday, a cumulative total of 11.5 million barrels of crude oil production and 10.9 billion cubic feet of natural gas output from the Gulf has been shut because of Hurricane Delta.

As MRC informed earlier, Hurricane Delta appears to have wreaked minimal damage to chemical facilities in Lake Charles, Louisiana, just six weeks after Hurricane Laura blew through the region, severely damaging major electricity transmission lines that left facilities offline for weeks.

Thus, Westlake Chemical said in a statement on Oct. 12 that initial assessments after Delta's Oct. 9 landfall showed "very limited physical damage" to its Lake Charles complex, and facilities were "in the process of restarting."
The timing of those restarts depends on restoration of electrical power, industrial gases and other feedstocks and utilities, the company said.

Sasol said Oct. 12 that its Lake Charles complex "did not experience significant damage" and that sufficient industrial-level power had been restored to resume startups of some facilities." Additional plants will startup once full load power is restored," the company said in a statement.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, crude and gaz condensate, PP random copolymer, propylene, ethylene, petrochemistry, Sasol, Westlake Chemical, Russia, USA.
Category:General News
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