Alexmumu
Six oil and gas fields in the Gulf of Mexico have been shut after some pipeline leakage was discovered at a Louisiana booster station, Bloomberg reported Thursday.
Shell (NYSE:SHEL) said it shut its Mars and Amberjack pipelines, which can transport as much as 500K bbl/day of oil from the Gulf to the coast, which resulted in the closure of Shell's Mars, Ursa and Olympus fields, as well as Chevron's (NYSE:CVX) Jack/St. Malo, Tahiti and Big Foot fields.
WTI crude prices showed little reaction to news of the disruption of Gulf of Mexico supplies, +2.3% after-hours at $94.02/bbl, but prices for Mars Blend crude were strengthened, and GoM dry-gas production fell nearly 2.5%, according to Bloomberg.
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The outage comes at a time of tight global energy supplies, which could tighten further, with the International Energy Agency predicting oil demand will accelerate this year.