Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

Factbox-Hurricane Helene prompts US Gulf Coast energy facilities to scale back operations

by
September 26, 2024
in Economy
0
Factbox-Hurricane Helene prompts US Gulf Coast energy facilities to scale back operations

(Reuters) -Energy facilities along the U.S. Gulf Coast scaled back operations and evacuated some production sites as Hurricane Helene is expected to bring catastrophic winds and storm surges to the northeastern Gulf Coast.

On the forecast track, Helene will move across the eastern Gulf of Mexico on Thursday and cross the Florida Big Bend coast Thursday evening, the National Hurricane Center said.

Hurricane Helene is forecast to be a powerful Category 4 storm, packing sustained wind speeds of up to 156 miles per hour (251 km per hour), forecasters said.

Officials issued dire warnings, pleading with residents in coastal areas along the hurricane’s path to evacuate ahead of catastrophic winds and a potentially deadly storm surge.

About 25% of crude oil production and 20% of natural gas output in the U.S. Gulf of Mexico was shut in as a result of Hurricane Helene, the Bureau of Safety and Environmental Enforcement said on Thursday.

Offshore production in the U.S. Gulf of Mexico accounts for approximately 1.8 million barrels per day or about 15% of the nation’s total crude output. Disruptions have the potential to affect U.S. oil supplies, leading to upward pressure on prices for domestic oil and offshore crude grades.

OPERATOR FACILITY DATE DETAILS

Sept. 25 All Kinder Morgan (NYSE:KMI) bulk

KinderMorgan terminals in the Tampa area have

prepared for the storm and have

been shut down.

Shell (LON:SHEL) Stones and Appomattox Sept. 22 Evacuating

facilities non-essential personnel from its

assets in the Mars Corridor, have

paused some of their drilling

operations, and shut production at

its Stones and Appomattox

facilities in the Gulf of Mexico.

Chevron (NYSE:CVX) Blind Faith, Petronius, Sept. 23 Evacuated all personnel from Blind

Anchor, Big Foot, Jack/St. Faith and Petronius platforms and

Malo, and Tahiti platform the facilities have been shut-in.

Non-essential personnel were also

being transported from Anchor, Big

Foot, Jack/St. Malo, and Tahiti

platforms.

Sept. 25 Shut-in production and

evacuated all associated personnel

at the platforms, which includes

the Anchor, Big Foot, Blind Faith,

Jack/St. Malo, Petronius and

Tahiti facilities.

Equinor Titan oil production platform Sept. 23 Evacuated some staff

from its Titan oil production

platform in the U.S. Gulf of

Mexico.

BP (NYSE:BP) Argos, Atlantis, Mad Dog, Na Sept. 23 Removed non-essential

Kika and Thunder Horse personnel from Argos, Atlantis,

platform Mad Dog, Na Kika and Thunder Horse

platforms. Shut in production at

Na Kika and Thunder Horse

platforms, and curtailed

production from Argos and Atlantis

platforms.

Sept. 25 Working toward safely

ramping up production across Gulf

of Mexico portfolio.

This post appeared first on investing.com
Previous Post

Scholastic posts mixed Q1 results, shares jump 5%

Next Post

Americans expect Harris to boost women … and Trump to boost the rich

Next Post
Americans expect Harris to boost women … and Trump to boost the rich

Americans expect Harris to boost women … and Trump to boost the rich

Subscribe to InvestiStratix.com

    Popular News

    Trump claims China will open markets to US businesses, ease trade barriers

    Trump claims China will open markets to US businesses, ease trade barriers

    May 13, 2025
    Brazil’s finance minister urges US to adopt more supportive stance toward LatAm

    Brazil’s finance minister urges US to adopt more supportive stance toward LatAm

    May 13, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 13, 2025
    What extended conflict between India and Pakistan could cost their economies

    What extended conflict between India and Pakistan could cost their economies

    May 12, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    May 12, 2025

    Trending News

    Trump claims China will open markets to US businesses, ease trade barriers

    Trump claims China will open markets to US businesses, ease trade barriers

    May 13, 2025
    Brazil’s finance minister urges US to adopt more supportive stance toward LatAm

    Brazil’s finance minister urges US to adopt more supportive stance toward LatAm

    May 13, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 13, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      May 12, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved