U.S. Gulf Coast energy companies on Friday advanced the recovery from Hurricane Ida on a few fronts, but slipped elsewhere as lack of crews, power and fuel reversed earlier production gains.
Ports were reopening and some pipelines restarted as companies completed post-storm evaluations. However, larger hurdles remained for producers and refiners that struggled to get up and running.
The White House sought to ease fuel shortages in the region, authorizing the release of 1.5 million barrels of crude oil to Exxon MobilWidespread fuel and power shortages hampered recovery. About 880,000 homes and businesses in the state lacked power. More than a third of gasoline stations were without fuel, according to tracking firm GasBuddy.
The shortages included aviation fuel for helicopters that conduct post-hurricane aerial evaluations and ferry workers to and from platforms. Ida's winds crushed fuel depots and helicopter pads used by transport firms. "Staff is dealing with their personal issues, including losing houses and the lack of transportation to reach the base camps," said an executive of an offshore oil producer.
Five days after the hurricane churned through offshore oil and gas fields, crews had not returned to three-quarters of the evacuated platforms and more than 90% of production remained offline, government data showed.
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