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Hurricane Dean Causes Oil Giant Shell To Evacuate From Gulf

By: Daniel Chubb | August 19, 2007 | 1 Comment

Oil Giant Shell To Evacuate From Gulf

The infamous hurricane Dean is currently on course for Jamaica and is set to hit category 5 hurricane status before moving into the Gulf.

Due to hurricane Dean, the oil giant Shell has been forced to evacuate positions in the Gulf, evacuating over 460 people since the beginning of this week and 300 Shell workers are being evacuated today because of hurricane Dean.

Shell has released this statement regarding the hurricane Dean evacuation:

“Since the beginning of the week, Shell has evacuated approximately 460 people, with approximately 300 scheduled to be evacuated today. Evacuations are expected to continue through the weekend.”

Hurricane Dean Causes Oil Giant Shell To Evacuate From Gulf

Business has been affected as well as hurricane Dean has also forced Shell to close down production facilities. This means that 10,000 barrels of oil and over 15 million cubic feet of natural gas is not being produced everyday and this is expect to last for as long as hurricane Dean remains a threat.

Do you think Shell was right to evacuate due to hurricane Dean?

Where to you think oil and gas prices are going with the affect of hurricane Dean?

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  • http://newkelson.blogspot.com George Newton

    Bonny Light crude oil is produced in Nigeria from Chevron and Shell concessions. Chevron’s exports are throughput and loaded from the Shell-operated Bonny Terminal, which can accommodate Very Large Crude Carrier (VLCC) loading. The typical cargo size is 950 thousand barrels; however, alternate cargo sizes can be arranged with advance planning. Typically, cargoes are sold with pricing based off Brent (Dated) quotes. Chevron-operated fields are contributing production of approximately 40 thousand barrels per day. Chevron has a 40% interest in the concession that produces crude oils that are routed to and commingled with Bonny Light crude oil.

    Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of Bonny.

    The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.

    Other grades of Nigerian crude oil are Qua Iboe crude oil, Brass River crude oil, and Forcados crude oil. The Cabinda crude oil is a common grade of crude oil produced in Angola. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.

    Whole Crude Properties *
    Property    Measured    Blended
    Back
    Gravity, API°    32.9    
    Gravity SG    0.86    
    Sulfur, wt%    0.16    
    Total Nitrogen, ppm    1170    
    Hydrogen, wt%         
    Acid Number, mg KOH/g    0.19    0.17
    Pour Point, °F / °C    6.1 / -14.4      /  
    Charact. Factor (K-FACTOR)    11.68    
    Viscosity, cSt at 40°C (104°F)    4.99    
    Viscosity, cSt at 50°C (122°F)    4.05    
    Vanadium, ppm    0.42    
    Nickel, ppm    4.16    
    MCR, wt%         
    Ramsbottom Carbon, wt%         
    Asphaltenes, (H.C7) wt%    0.0032    

    Newkelson Agro Allied Industries has access to wide range of sellers

    We seek long term contracts with Refinaries or Oil refining and marketing Companies

    The product is a government approved export commodity

    We have opec and off Opec allocation of bonny lite crude oil.

    The Opec allocation is  verifiable and on London Loyds shell screen and
    also verifiable  from NNPC(NIGERIAN NATIONAL PETROLEUM CORPORATION) LONDON AND SHELL
    The bulk approved quantity is (848,000,000 million barrels)
    LIFTING BULK NNPC EUITY(481,777,750 MILLION BARRELS OF BONNY LITE CRUDE OIL)

    We have off opec allocation also.The seller can supply 2 million barrels per month for 9 months.

    We also export LPFO, D2,LPG,Jet Fuel,Gasolin,JP54,

    We seek credible buyers who can send us a bank endored proof of funds or payment by Letter of credit from reputable banks like CitiBank, HSBC, BARCLAYS

    CALL US TODAY:  TEL: 2347042803902