Gulf Coast damage:
· VLO Saint Charles refinery (West of New Orleans) off-line for 2 weeks (power, clean-up)
· Supposed to be 4-5 feet of floodwater on grounds of COP 250kbopd Belle Chasse refinery (just East of New Orleans).
· Mississippi River closed for barge traffic below Baton Rouge, but potentially reopening today.
· Companies just getting out today to assess offshore damage (rigs, platforms, pipelines, etc). Hampered by fact that staging areas like Venice and Fourchon still basically underwater.
· Helicopters in short supply – one smaller E&P player thinks it will take until Sunday until they can get one to assess their properties
· S MARS platform damaged, no indication of how badly.
· LOOP structure physically standing (E&P flyover, but no word on whether any operational damage)
· Coast Guard reporting 7 rigs adrift. We think (but haven’t confirmed) the list is as follows:
o Jim Thompson (NE)
o Deepwater Nautilus (RIG)
o ESV 7500 (ESV)
o Other rigs in area of direct storm impact include Artic I (GSF), Celtic Sea (GSF), Ocean Quest (DO), Ocean Victory (DO)
· Several jackups thought to be sunk / lost – 1 Rowan Drilling Co’s (New Orleans), 1 unknown operator