A hurricane update today from the U.S. Bureau of Safety and Environmental Enforcement (BSEE) reports that 93 percent of daily oil production in the Gulf of Mexico region has been shut in due to Hurricane Isaac, a marked increase from the 78 percent of daily oil production that was shut in yesterday.
Also, 67 percent of daily natural gas production in the region has been shut in as well.
Oil production has been cut by 1.3 million barrels per day and gas production has fallen 67 percent, according to reports.
Refiners like Valero Energy Corporation, Marathon Petroleum Corp. and Phillips 66 have shut down more than 1.1 million barrels of refining capacity, and more reductions in capacity are expected.
Personnel on 503 stationary production platforms of the 596 platforms — 84 percent — in the Gulf of Mexico have been evacuated. These evacuations have occurred alongside the evacuation of 49 drilling rigs of the 76 rigs — 64 percent — operating in the Gulf.
The number of rigs and platforms being evacuated is unchanged from the BSEE announcement from yesterday.
The Associated Press reports that Isaac became classified as a Category 1 hurricane today with winds reaching 75 mph.
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