June 3, 2023


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Louisiana Offshore Oil Port entirely reopens right after Ida damages

HOUSTON, Sept 10 (Reuters) – The Louisiana Offshore Oil Port (LOOP), the greatest U.S. privately owned deepwater crude terminal, has thoroughly reopened its maritime functions for imports and exports, a spokesperson mentioned on Friday.

The facility closed on Aug. 28 forward of Hurricane Ida, which induced considerable damages to U.S. Gulf of Mexico oil production and processing. Extra than two-thirds of oil output was shut-in on Friday.

There ended up no vessels docked at the port on Friday, the spokesperson reported. Having said that, at minimum a single tanker, the pretty huge crude carrier Arsan, has been ready since Tuesday to load crude certain for Asia, in accordance to Refinitiv Eikon vessel monitoring details.

The largest U.S. offshore producer, Royal Dutch Shell (RDSa.L), on Thursday declared pressure majeure on several contracts, leaving at minimum two cargoes of sour Mars crude oil canceled. read through more

China and South Korea had stepped up buys of Gulf-developed crude in the latest months and now deal with lengthy delays before shipments get there. LOOP is a single of the biggest terminals applied for exporting Mars crude, developed in the U.S. Gulf, to Asian customers.

Reporting by Gary McWilliams Editing by Steve Orlofsky

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