Shell, Chevron ramping up Gulf of Mexico oil production after shut-ins (NYSE:SHEL)

Shell, Chevron ramping up Gulf of Mexico oil production after shut-ins (NYSE:SHEL)


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Shell (NYSE:SHEL) said late Friday it has restarted the Mars and Amberjack pipelines in the Gulf of Mexico after completing repairs to the Fourchon booster station, and is ramping up production at its Mars, Ursa and Olympus fields.

Shell (SHEL) shut the three fields Thursday after a leak at the booster station halted the company’s Mars and Amberjack pipelines, which combined can transport as much as 500K bbl/day from the Gulf to the coast.

Amberjack, which is jointly owned by Chevron (NYSE:CVX), resumed operations earlier Friday and flows are returning to normal.

Chevron (CVX) said it resumed production at its Jack/St. Malo, Tahiti and Big Foot platforms after the Amberjack pipeline restarted.

Equinor’s (EQNR) Titan platform and some of Murphy Oil’s (MUR) fields were among other offshore assets that halted operations when the Mars and Amberjack pipelines halted service.

Shell (SHEL) is “quietly building a green energy empire,” Jordan Sauer writes in a bullish analysis posted on Seeking Alpha.

Quoted from Various Sources

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