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Shell expects its offshore facility shut due to damage from Hurricane Ida to restart in November

October 25/2021

MOSCOW (MRC) -- Shell, the largest oil producer in the US Gulf of Mexico and the world's petrochemical major, said on Friday it expects an offshore transfer facility, which was , to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected, reported Reuters.

The oil major was the hardest-hit producer from Ida, which tore through the Gulf of Mexico in August and removed 28 MM barrels from the market.

Shell previously said it expected its West Delta-143 offshore facility, which transfers oil and gas from three major fields for processing at onshore terminals, to be offline for repairs until the end of 2021.

The fields are a key source of Mars sour crude, a grade prized by oil refiners in the United States and Asia. The disruptions hampered exports and raised crude prices, as buyers searched for substitutes.

Once the WD-143 facility is operational, the Mars oil pipeline expects to resume normal services as producers ramp up production, Shell said. The pipeline was expected to be offline until early 2022.

As MRC informed earlier, Royal Dutch Shell plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply by 2050.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,638,370 tonnes in the first eight months of 2021, up by 10% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 989,570 tonnes in the first eight months of 2021, up by 30% year on year. Deliveries of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas shipments of injection moulding PP random copolymers decreased significantly.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, propylene, ethylene, petrochemistry, Shell, USA.
Category:General News
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