🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Enbridge pulls staff from offshore platforms as Storm Francine advances

Published 10/09/2024, 10:48 pm
Updated 10/09/2024, 10:51 pm
© Reuters. Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File photo
CVX
-
XOM
-

HOUSTON (Reuters) - Energy pipeline operator Enbridge has pulled employees from several offshore U.S. Gulf of Mexico platforms, the company told customers, as Tropical Storm Francine advanced toward a landfall in Louisiana.

Francine has shut in oil and gas production at offshore platforms operated by Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Shell (LON:RDSa). The first official measure of the storm's impact on U.S. energy production will be released later on Tuesday by U.S. regulator the Bureau of Safety and Environmental Enforcement.

Enbridge, which manages an extensive network of offshore pipelines funneling oil and gas to onshore plants, evacuated staff from three offshore platforms. Operations are continuing at each using remote operators, it said in notices to customers.

Staff were removed from South Marsh Island 76, Ship Shoal 207 and 332 platforms, the customer notices said. South Marsh Island 76 connects a 1 billion cubic feet per day natural gas offshore pipeline. 

© Reuters. Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File photo

The Manta Ray Gas Gathering system declared force majeure at its Green Canyon 158 Brutus receipt point and stopped receiving natural gas, Enbridge told customers.

Force majeure is a provision that allows a contract to be suspended due to unforeseen events. The receipt point would be returned to service once the company can replace a malfunctioning valve, Enbridge said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.