FACTBOX - Oil companies check for damage after Gustav

Tue Sep 2, 2008 12:06pm EDT
 
[-] Text [+]

(Reuters) - Oil companies are checking their oil rigs, refineries and pipelines for damage Tuesday, a day after Hurricane Gustav slammed the U.S. Gulf of Mexico coast in the first big storm threat to U.S. energy supplies since 2005.

Initial checks revealed only limited damage, though a huge chunk of the nation's oil and refining capacity was expected to remain offline for at least a couple of days.

The following outlines Gustav's impact on the energy sector:

***************************HIGHLIGHTS*************************

*100 percent of U.S. Gulf of Mexico oil output shut

*95.4 percent of U.S. Gulf natgas output shut

*33.7 percent of U.S. refining affected, 15.4 percent shut,

18.3 percent at reduced rates.

*1.1 million Louisiana, Mississippi customers without power, 32 percent of total - Department of Energy.

*Initial assessments reveal little or no platform, rig or

refinery damage, but considerable electrical damage.

*US waives gasoline standards in parts of Texas and

Louisiana, ready to release emergency crude

********************CRUDE OIL, NATURAL GAS********************

*100 percent of U.S. Gulf of Mexico's 1.3 million barrels

per day crude output shut as of Sunday, according to U.S.  Continued...

 
Photo
Home of the low rollers

Casinos love high rollers who spend big money looking for a good time, late nights and a lot of fun. But Laughlin, Nevada sure ain’t Vegas, Toto.  Blog | Full Coverage 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Bernd Debusmann
A good war gone bad

In the protracted Washington debate over the war in Afghanistan, the most concise analysis comes from America's top soldier: "If we don't get a level of legitimacy and governance (there), then all the troops in the world aren't going to make any difference."  Commentary