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Herringbone (NYSE: CLC) said on Monday it was moving workers to safety and temporarily halting production at two oil production platforms in the Gulf of Mexico as a precaution ahead of Hurricane Ian, which is reinforcement as it is expected to make landfall in northwest Florida.
The Petronius and Blind Faith platforms produce approximately 120,000 barrels/day of crude oil, a small portion of the total offshore production of 1.8 million barrels/day.
Total offshore oil production in the Gulf of Mexico accounts for about 16% of total U.S. production, while offshore gas production accounts for 5% of total U.S. production, according to the U.S. Energy Information Administration.
Chevron Stocks (CVX) -1.7% in Monday’s trading as almost all energy stocks in the S&P 500 are down, with crude oil falling sharply.
