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A map of the Loop Current. A parent to the Florida Current, the Loop Current is a warm ocean current that flows northward between Cuba and the Yucatán Peninsula, moves north into the Gulf of Mexico, loops east and south before exiting to the east through the Florida Straits and joining the Gulf Stream.
The Louisiana Offshore Oil Port (LOOP) is a deepwater port in the Gulf of Mexico 29 kilometers (18 nautical miles) [1] off the coast of Louisiana near the town of Port Fourchon. LOOP provides tanker offloading and temporary storage services for crude oil transported on some of the largest tankers in the world.
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday.
Current oil prices are roughly 22% lower than 2023 highs reached in late September, as demand worries grow amid concerns of a global economic slowdown. Oil prices are on pace to log their fourth ...
The field is being developed by BP plc and 25% partner ExxonMobil [1] It is the largest offshore production platform in the Gulf, with a processing capacity of 250 thousand barrels per day (40 × 10 ^ 3 m 3 /d) of oil and 200 million cubic feet per day (5,700,000 m 3 /d) of natural gas, and the field is believed to hold in excess of 1 billion barrels (160 × 10 ^ 6 m 3) of oil. [2]
(The Center Square) – Of the roughly 150 bills filed in the state legislature impacting the Texas oil and natural gas industry, state lawmakers are prioritizing ways to offset market distortion ...
Current conditions, especially given the absence of a significant amount of Deepwater Horizon/BP oil from the loop current, indicate that immediate threats to the Florida Keys, Miami and Ft. Lauderdale areas remain low." [20] July 4