Shell warns on Hurricane Ida Q3 hit, limited gas price benefit

摘要

Shell will report a 5%-8% drop in Q3 upstream oil and gas output compared with a year earlier, reflecting the hit to US Gulf production and refining from Hurricane Ida, the company said Oct. 7. In a preview of results due Oct. 28, Shell estimated the impact of Hurricane Ida on its Q3 upstream production at 90,000 b/d of oil equivalent, forecasting its overall output at 2.03 million-2.10 million boe/d. Several Shell platforms suffered damage in the late-August hurricane, with some Mars and Ursa crude production expected to remain offline into 2022.