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  • Interior's Norton: Slow rebound for offshore oil, gas ~ 90 % & 63 %... / oil/ NG ...offline yet

    10/04/2005 12:22:34 PM PDT · by Ernest_at_the_Beach · 8 replies · 372+ views
    MarketWatch ^ | 10/04/05 3:09pm | William L. Watts
    Interior's Norton: Slow rebound for offshore oil, gas By William L. Watts​ ​​​​WASHINGTON (MarketWatch) -- Damage to onshore facilities and other bottlenecks created by Hurricane Katrina and Hurricane Rita have slowed the recovery of offshore oil and natural gas production in the Gulf of Mexico, Interior Secretary Gale Norton said Tuesday. Figures released by the department's Minerals Management Service showed that 90% of oil production and 72% of natural gas production in the Gulf remains off line. The agency said that Hurricane Rita destroyed a total of 63 offshore platforms in the Gulf, and damaged 30 fixed platforms.td>
 
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