Reuters | Collin Eaton | July 9, 2019
HOUSTON (Reuters) – Major U.S. oil producers on Tuesday began evacuating and shutting in production at their deepwater Gulf of Mexico platforms in advance of a tropical disturbance expected to become a storm this week.
A tropical depression is expected to form late on Wednesday or Thursday, according to the National Hurricane Center, and move westward across the northern Gulf of Mexico, home to dozens of oil- and gas-producing facilities.
Chevron Corp, Royal Dutch Shell Plc, BP Plc and BHP Group Ltd are removing staff from 15 offshore energy platforms, according to company statements. Exxon Mobil Corp is “closely monitoring” the disturbance to determine if its facilities may be affected, a spokeswoman said.
U.S. crude futures rose 90 cents, or 1.5%, to $58.73 in early Wednesday trade in Asia after an industry group reported that U.S. stockpiles fell for a fourth week in a row.
Chevron is evacuating and initiating production curbs at five platforms, Big Foot, Blind Faith, Genesis, Tahiti and Petronius platforms, spokeswoman Veronica Flores-Paniagua said.
The U.S. oil major is also removing non-essential staff from a sixth facility, the Jack/St. Malo, as a precaution.
Shell said it evacuated non-essential staff on the Appomattox, Mars, Olympus and Ursa platforms and reduced oil production by about 2,535 barrels per day (bpd) on its Mars and Olympus platforms. It expects minimal impacts to operations.