DIRS.INFO The most relevant business & tech news

☆ US Coast Guard Responds to Oil Spill in Gulf of Mexico
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - The U.S. Coast Guard said on Wednesday it was responding to an oil discharge near the Main Pass Oil Gathering (MPOG) Co's pipeline system in the Gulf of Mexico, while the main pipeline and several surrounding ones remained shut in. "The reported sheen is being investigated and has not been confirmed to be associated with the November 16 observed initial discharge," the Coast Guard said. The Coast Guard had not yet identified any damage or indication of a leak after surveying the entire length of the pipeline along with 22.16 miles (36 km) of surrounding pipelines. About 3% of the Gulf of Mexico's daily oil production remained shut in after a million-gallon oil spill, the Coast Guard said last week. The main pipeline and several surrounding lines remain shut in and have not been put back into service, the Coast Guard said while leading efforts to mitigate impacts from the spill.

Persons: MPOG, Harshit Verma, Sandra Maler, Stephen Coates Organizations: Reuters, U.S . Coast Guard, Coast Guard Locations: Gulf of Mexico, Mississippi, Plaquemines Parish, New Orleans, Bengaluru

NEW ORLEANS (AP) — As much as 1.1 million gallons of oil may have been discharged into the Gulf of Mexico from a pipeline system off Louisiana's southeast coast, the U.S. Coast Guard said Tuesday. The oil discharge was discovered amid high winds in the Gulf, which helped some of the oil evaporate and disperse. The Coast Guard said the oil was discovered near a pipeline system owned by Main Pass Oil Company, a subsidiary of Houston-based Third Coast Infrastructure LLC. WWL-TV reported Friday that pipeline gauges indicated 1.1 million gallons of oil were lost. The amount is far less than the 2010 BP oil disaster, when 134 million gallons were released in the weeks following an oil rig explosion.

Persons: Kelly Denning Organizations: ORLEANS, U.S . Coast Guard, Coast Guard, Fish, Wildlife, Pass Oil, Infrastructure LLC, Federal, for Biological Diversity Locations: Gulf, Mexico, U.S, Louisiana, Guard's, Orleans, Houston

☆ US Coast Guard seeks source of some 1.1 million gallons of crude oil in Gulf of Mexico
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Jonathan Bachman/File Photo Acquire Licensing RightsNov 20 (Reuters) - The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil. "Overflight teams observed visible oil Friday moving southwest away from the Louisiana shore," the Coast Guard said, as oil recovery efforts continued and underwater devices surveyed the pipeline to find the leak's source. While the exact volume of discharged oil was not known, the Coast Guard, which was leading the clean-up, said initial engineering calculations placed the volume of the leak at 1.1 million gallons, or 26,190 barrels. The U.S. Environmental Protection Agency said on Friday that the Coast Guard had activated the National Response Team, comprising 15 federal entities responsible for coordinating the response to oil pollution incidents. Third Coast Infrastructure, which owns MPOG, declined to comment on Friday and referred questions to the Coast Guard.

Persons: Jonathan Bachman, Elizabeth Varghese, Bill Berkrot Organizations: REUTERS, U.S . Coast Guard, Coast Guard, Environmental Protection Agency, Coast Infrastructure, Thomson Locations: Mississippi, Plaquemines Parish , Louisiana, Louisiana, Gulf of Mexico, Delta, Plaquemines Parish, New Orleans, U.S, Bengaluru

☆ Cocaine is about surpass oil as Colombia's top export as revenues near $20 billion
▼ + stars: | 2023-09-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Cocaine is set to become Colombia's top export this year, edging out oil products, according to a note from Bloomberg Economics. Revenue derived from Colombia's cocaine business is nearing $20 billion, ahead of the country's $19.1 billion in 2022 oil exports. Cocaine production in Colombia is at its highest level since 1991 amid lenient policies from Colombian President Gustavo Petro. Fast forward to 2022, and Colombia's cocaine industry generated an estimated $18.2 billion in export revenues, just behind oil export revenue of $19.1 billion. With the country's oil exports dropping 30% in the first half of this year, and its cocaine industry still growing steadily, Bloomberg estimates that 2023 will be the year when Colombia's cocaine revenues outpace revenues from oil.

Persons: Gustavo Petro, Felpi Hernandez, That's, Hernandez Organizations: Bloomberg Economics, Get, Service, Bloomberg Locations: Colombia, Colombian, Wall, Silicon

Russia has said it will not sell oil to countries that endorse the price cap. A G7 plan to take effect on Dec. 5 will allow the shipping industry to help export Russian oil but only at a set price - the price cap. That would leave a shortfall of 110 tankers should Moscow seek to fully skirt the price cap, Gromov added. POOLING RESOURCES WITH BUYER COUNTRIESRussia may seek to bypass the restrictions by pooling its shipping resources with those of top buyer countries that have yet to endorse the G7 price cap. Between 1 million and 2 million bpd of Russian crude and refined products exports could be shut in, a U.S. Treasury official said.

Search resuls for: "Pass Oil"

5 mentions found