RiverNorthPhotography/iStock Unreleased via Getty Images
RiverNorthPhotography/iStock Unreleased via Getty Images
Shell (NYSE:SHEL ) said on Tuesday it will shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries due to planned maintenance.
The 220K bbl/day Odyssey pipeline in the eastern Gulf is connected to the Delta pipeline, with deliveries into terminals in Louisiana and the Shell's ( SHEL) Norco refinery.
The pipelines transport Heavy Louisiana Sweet crude from offshore oilfields and switching to other pipelines is not an option, Shell said.
Shell (SHEL) is "quietly building a green energy empire," Jordan Sauer writes in a bullish analysis published on Seeking Alpha.