Iran's attacks harmed Shell's Pearl gas liquefaction facility in Qatar. Chevron's natural gas fields offshore Israel were similarly halted.
Analysts report that oil and gas output at Exxon Mobil sites in the Middle East has decreased to around 20% of its typical capacity. Annual losses might total $5 billion.
"That must be extremely irritating. They may need to extensively reconstruct (their facilities) in certain instances, and that will be exceedingly costly," the WSJ cites Jim Crane, an energy market expert at Rice University in the US. Amy Jaffe, a professor of international relations at New York University, observed that oil and gas firms might now consider geopolitical risks more significantly when making investment choices.
source: wsj.com
Analysts report that oil and gas output at Exxon Mobil sites in the Middle East has decreased to around 20% of its typical capacity. Annual losses might total $5 billion.
"That must be extremely irritating. They may need to extensively reconstruct (their facilities) in certain instances, and that will be exceedingly costly," the WSJ cites Jim Crane, an energy market expert at Rice University in the US. Amy Jaffe, a professor of international relations at New York University, observed that oil and gas firms might now consider geopolitical risks more significantly when making investment choices.
source: wsj.com
