Gulf Of Mexico Output Falls Nearly 100% After Hurricane Nate

As of Sunday, 92.61 percent of crude oil production capacity in the Gulf of Mexico was shut in, the Bureau of Safety and Environmental Enforcement said. In barrels, this amounted to 1.62 million per day, with 298 platforms and 14 rigs evacuated, representing 40.43 percent and 70 percent of platforms and rigs in the Gulf, respectively. Another 10 rigs, dynamically positioned ones, were moved from their locations as a precaution. Nate, which made final landfall in Mississippi, has been moving inland and has in the process weakened back into a tropical…

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