Since August 19th, the Sharara and Elephant Oil Fields have been effectively shut-in following a seizure of the pipeline that extends between Sharara/Elephant and the Zawiya export terminal. Finally, after two weeks of militant blockades, the Libyan government announced the pipeline is once again operational and both fields will resume output operations. The Sharara and Elephant oil fields yield approximately 280 kbd and 90 kbd respectively.
PADD 3 Oil-On-Water
The struggle to recover following Hurricane Harvey continues. Kpler data currently indicates a total of 19.83 million barrels of oil-on-water just in PADD 3. Much of this is the result of limited operations in and out of the Houston Ship Channel and Port Arthur zones. There are currently more than 30 ships holding crude at or near the Galveston lightering area.
Hurricane Irma Disruptions
While Southeastern Texas recovers from Hurricane Harvey, Florida and the Bahama’s brace for Hurricane Irma, who is currently moving west-northwest at 16 mph just north of the Dominican Republic. She is the strongest ever hurricane to form in the Atlantic with maximum sustained winds of upwards of 175 miles per hour. As a result, there are many port closures. Please note that public information changes quickly and is oftentimes limited as the effects and future track of Irma are updated by local authorities and the National Hurricane Center respectively:
- Buckeye Partner’s Bahamas Clean and Bahamas Hub installations have suspended all operations as of 9/7/2017 until further notice.
- Statoil’s South Riding Point Terminal was opened for operations early Thursday morning. It appears that all operations are now officially suspended as of 9/7/2017 until further notice.
- Port Everglades announced it will suspend all operations the morning of 9/8/2017 until further notice.
- NuStar’s St. Eustatius Terminal experienced damage from the storm and currently has not set a date in which to reopen. A press release stated the facility took “damage to several tanks and other equipment,” while further stating that all U.S. employees were safe and no spills had occurred.
- ArcLight Capital Partner’s Saint Croix Products Terminal is currently closed. There is limited information on the extent of damage.
- Buckeye Partner’s Yabucoa Terminal is currently closed. There is limited information on the extent of damage.