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Oil Outages in Gulf of Mexico Are Straining an Already Tight Market

  • Mars, Ursa, Olympus fields ramping up; Fourchon station fixed
  • Multiple oil, gas fields were shut after pipes halted service
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Shell is ramping up three of its oil and gas fields in the Gulf of Mexico after completing repairs to a station in Fourchon, Louisiana, that allowed key pipes to resume flows.  

Multiple offshore platforms were shut Thursday after a leak at Louisiana booster station halted Shell Plc’s Amberjack and Mars pipelines. Combined, these pipe systems can transport as much as 500,000 barrels of oil a day from the Gulf to the coast.