Pascagoula Processing Plant Explosion Has Little Effect on Offshore Production

SUGAR LAND--July 21, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Three weeks ago when a fire shut down Enterprise Products Partners' (NYSE:EPD) (Houston, Texas) Pascagoula Natural Gas Processing plant (once belonging to BP plc (NYSE:BP) (London, England)), people wondered what effect the shutdown would have on offshore production. Would it shut in gas production? Would that shut-in extend to oil production? What about the pipeline that connects them? At the time of the explosion, it was unclear whether the Destin pipeline (a joint venture between BP and Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta)), which carries the gas onshore, would continue service.

Within this article: Details of the Destin pipeline and platforms owned by companies such as Murphy Oil Corporation (NYSE:MUR), Stone Energy Corporation (NYSE:SGY), Chevron Corporation (NYSE:CVX).