OGJ Newsletter

07/19/2010
General Interest — Quick TakesEIA, IEA sharpen views of lost gulf outputEstimates of oil production declines resulting from the moratorium on deepwater drilling in the US, imposed in response to the Apr. 20 blowout of the Macondo well and consequent spill in the Gulf of Mexico, are beginning to come into focus.In its July Short Term Energy Outlook, the US Energy Information Administration estimated production declines resulting from the moratorium at 31,000 b/d in the fourth quarter this year and 82,000 b/d in all of 2011. It says the deficit will start at about 10,000 b/d in September and reach 100,000 b/d by December.Those estimates represent increases from EIA's numbers a month e...
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