"Unprecedented Gulf of Mexico Oil Spill Threatens Houston Companies and Wildlife"

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Source: OilPrice.com
"Unprecedented Gulf of Mexico Oil Spill Threatens Houston Companies and Wildlife"
Photo: OilPrice.com
TL;DR Summary

Offshore oil production in the Gulf of Mexico has been halted by a major oil spill, which is being described as the worst since the Deepwater Horizon disaster in 2010. The spill, caused by a subsea pipeline rupture, has resulted in the release of approximately 26,000 barrels of oil into the Gulf of Mexico near Louisiana. Companies such as Occidental, W&T Offshore, and Talos Energy have been forced to shut down about 62,000 barrels of daily oil production. The incident is under investigation, and production will remain halted until the source of the leak is identified and repairs are made. If confirmed, the spill would rank as the 11th largest oil spill in U.S. history.

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