AT least three US Gulf of Mexico operators have shut in some of their production amid crushingly low crude prices for the month of May, with Fieldwood Energy and Cantium curtailing all their output in the region. Llog Exploration has shut in one field and was assessing areas one by one based on profitability given variations in crude realisation prices. However, larger players in the region were holding steady, with supermajors BP and Chevron saying operations were normal. Production at Hess and BHP facilities was also proceeding as usual. "We use Various common benchmarks to price our crude," a Chevron spokeswoman said. "We do not disclose specific contract pricing information." Privately held Fieldwood Energy has curtailed its entire 100,000 barrels per day of production across both shallow and deep-water fields, a person with knowledge of the situation confirmed to Upstream.
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