• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Reality catching up with EV forecasts
  • 6 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 6 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 12 days The Federal Reserve and Money...Aspects which are not widely known
  • 16 days US Oil Independence is a myth and will always be a myth
Big Oil Speaks Out Against Trudeau’s “Just Transition” Bill

Big Oil Speaks Out Against Trudeau’s “Just Transition” Bill

Canada’s “Just Transition” bill is…

Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russia’s crude oil exports plunged…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Tropical Storm Hanna Threatens Texas Oil Industry

Tropical storm Hanna is expected to make landfall in Texas on Saturday with heavy rains that could result in flash flooding along the Texas coast, where oil refineries and LNG facilities are located.

Early on Friday, the National Hurricane Center (NHC) said in its 7 a.m. CDT advisory that tropical storm Hanna was about 285 miles east of Corpus Christi, with gradual strengthening expected until the tropical cyclone makes landfall. Hanna is expected to produce rain that may result in life-threatening flash flooding, rapid rises on small streams, and isolated minor to moderate river flooding in south Texas. A Tropical Storm Warning is in effect for the mouth of the Rio Grande to San Luis Pass, Texas.

According to Philip Klotzbach, a meteorologist at Colorado State University specializing in Atlantic basin seasonal hurricane forecasts, Hanna has formed in the Gulf of Mexico and is the earliest 8th Atlantic named storm formation on record. The previous record was Harvey in August 2005.

ADVERTISEMENT

The Atlantic hurricane season comes as emergency services in Texas are overstretched with the spike in coronavirus cases in the state and other U.S. states. Another tropical storm, Gonzalo, has already formed and is expected to bring tropical storm conditions to the southern windward islands on Saturday, the NHC said.

At the start of the hurricane season, companies operating in the U.S. Gulf of Mexico evacuated workers from oil facilities ahead of the storm Cristobal.

ADVERTISEMENT

The Gulf of Mexico accounts for some 17 percent of U.S. oil production. In 2018, hurricane Michael shut in production of more than 700,000 bpd for a few days.  

Earlier this year, NOAA’s Climate Prediction Center, a division of the National Weather Service, forecast an above-normal 2020 Atlantic hurricane season, with the outlook predicting a 60-percent chance of an above-normal season, a 30-percent chance of a near-normal season and only a 10-percent chance of a below-normal season. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage


ADVERTISEMENT


ADVERTISEMENT



Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News