<VV> reserve oil

[Rt66Vairs at aol.com]

Here are the details s I received them.
 
 
 
It is purported this is the reason why the  gas prices have sky rocketed. It 
will take a while before these units are back  on stream and prices drop. Plan 
accordingly.  From my friend down  south!
 
 
 
Subject: Katrina - Industry Update 8-31-2005




Refineries
 
• Valero Energy  Corp.: St.  Charles refinery in Norco, La.,  has a refining 
capacity of 260,000 barrels a day remains shut but suffers no  serious damage. 
The refinery is expected to restart on Sept. 12. Currently has  no power and 
access is restricted, the company says. Krotz Springs refinery that  produces 
86,000 barrels a day is operating at 70% capacity due to trouble  getting 
supply through pipelines, the company said. 
• Motiva  Enterprises: Norco, La.,  refinery that has a capacity of 225,000 
barrels a day remains shut. Limited  access to the facility has delayed a 
damage assessment, Motiva says. The  company's Convent, La., refinery also remains 
shut but has  suffered no damage that would affect a restart. Motiva hasn't 
given an estimate  for a restart date. 
• Murphy Oil  Corp.: Meraux, La.,  refinery remains shut and has been 
evacuated. Murphy has no information on  damage or a potential restart date and 
reports worsening flooding in the  area. 
• Exxon Mobil  Corp.: Chalmette, La., refinery that has a capacity of 183,000 
 barrels a day remains shut and evacuated. Exxon has given no information on  
damage or a potential restart date and reports flooding in the area has  
worsened. Baton  Rouge refinery that produces 494,000 barrels a day is in  
"cutback mode," operating at reduced rates due to supply  problems. 
•  ConocoPhillips: Alliance refinery in Belle Chasse, La., that has a 
capacity  of 255,000 barrels a day remains shut. The company has given no information 
on  damage or a potential date for a restart. Plaquemines Parish reports 
extensive  damage and television reports say there are whitecaps on the water in 
the  streets of Belle Chasse, quoting State Treasurer John Kennedy. Exxon says 
it is  doing flyovers. 
• Marathon Oil  Corp.: Garyville, La., refinery that has a capacity of 
245,000  barrels a day remains shut. The company on Tuesday brought additional 
workers to  the plant, which wasn't fully evacuated. 
• Chevron  Corp.: Pascagoula, Miss., refinery that has a capacity of 325,000  
barrels a day remains shut and evacuated. 
•  Premcor: Memphis refinery that has a capacity of 190,000  barrels a day is 
reportedly producing at reduced rates due to crude-oil supply  snags. 
• Total  SA: Port Arthur, Texas, refinery that has a capacity of 180,000  
barrels a day is running at reduced rates due to a problem with a hydrogen  
compressor, not the storm. 
Fuel Pipelines  and Terminals 
• Colonial  Pipeline kept mainline from Houston to Greensboro, N.C., shut on 
Wednesday. The company says it  is bringing in generators to provide power and 
expects limited restoration of  service this weekend. The pipeline delivers 
95 million gallons a day of fuel  from the Gulf  Coast to East Coast  markets. 
• Kinder Morgan  Energy Partners' Plantation Pipeline remains shut  Wednesday 
due to lack of power. Power restoration is uncertain, according to a  
spokesman. 
• Royal Dutch  Shell PLC says Motiva joint venture's fuel  terminals in 
Kenner, La., and Collins and Meridian, Miss., are closed due to flooding and power  
outages. Convent distribution terminal is operating. Company has frozen 
prices  charged to fuel wholesalers at its terminals in storm-hit areas of 
Louisiana, Mississippi,  Alabama and Florida. 
• Exxon  Mobil warns some fuel-supply disruptions  are inevitable. The 
company says it is keeping retail gasoline prices at  company-owned stations 
unchanged. 
•  Chevron is restricting supplies of gasoline  to wholesalers from its East 
Coast terminals. 
Crude Oil Supply  to Refineries 
• Louisiana Offshore Oil  Port remains shut due to lack of power,  but the 
company indicated on Tuesday that there was no serious damage. LOOP  moves about 
1 million barrels a day of oil, 10% of U.S.  imports. 
• Royal Dutch  Shell: Capline pipeline system remains  shut due to lack of 
power, but the company says the system is undamaged and has  given no restart 
estimate. The system moves 1.2 million barrels a day of crude  oil from the Gulf 
of Mexico and imports from Gulf Coast to Mid-continent  refiners. 
• Mississippi  River traffic to be halted for "many, many days," U.S. Coast 
Guard  says, while navigation system is repaired. Channel determined clear and 
river  deemed safe for transit; river is a source of crude-oil shipments to 
refineries  such as ExxonMobil Baton Rouge. 
Production 
• U.S. Minerals Management Service  says 95% of daily oil output and 88% of 
daily natural-gas output was shut down  in the Gulf of Mexico as of  Tuesday. 
• Port Fourchon sees no severe  flooding, but situation is a concern and 
power is out. Thee key facility is  needed to support the workers and equipment 
that will get Gulf platforms pumping  again. 
• Royal Dutch  Shell reports topside damage at Mars oil  and gas platform and 
confirms photo showing what appears to be serious  damage. 
• Newfield  Exploration Co. says its A production platform at  Main Pass 138 
appears lost in the storm; facility was producing 1,500 barrels a  day. 
• Kerr-McGee  Corp. is restarting 60,000 boe/d  Western  Gulf output; 
inspecting  central, eastern Gulf, company says. 
• Seven semi-submersible rigs are  adrift in Gulf of Mexico, U.S. Coast Guard 
 says. 
• Noble  Corp. semi-submersible rig Jim Thompson  broke moorings and was 
moved 17 miles by the storm. Flyover shows no "damage of  a material nature," the 
company says. 
• GlobalSantaFe  Corp. says all five drilling rigs in path  of Katrina are 
accounted for, though two are listing slightly and one drifted  off its location 
and grounded in shallow waters near the mouth of the Mississippi River.