• 4 minutes Phase One trade deal, for China it is all about technology war
  • 7 minutes IRAN / USA
  • 11 minutes Shale Oil Fiasco
  • 16 minutes Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 6 hours China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 11 mins Indonesia Stands Up to China. Will Japan Help?
  • 2 hours Gravity is a scam!
  • 13 hours What's the Endgame Here?
  • 5 hours US Shale: Technology
  • 1 day 10 Rockets hit US Air Base in Iraq
  • 22 hours Canada / Iran
  • 1 day Wind Turbine Blades Not Recyclable
  • 22 hours Remember: Only the Poor Can Reach the Kingdom of God
  • 1 day IRAQ / USA
  • 1 day Tales From The Smoke Shack and beyond.
  • 1 day History’s Largest Mining Operation Is About to Begin
Five Clean Energy Trends To Watch In 2020

Five Clean Energy Trends To Watch In 2020

A mixture of climate policy…

The Iran Crisis Is Far From Over

The Iran Crisis Is Far From Over

Oil markets are calming down…

Gulf Of Mexico Oil Companies Brace For Tropical Cyclone

Tropical Cyclone

US oil producers are keeping a close eye on what the US National Hurricane Center is calling Potential Tropical Cyclone Sixteen, S&P Global Platts reported on Thursday.

The NHC has advised that tropical storm force winds are likely along parts of the north-central and northeastern Gulf Coast. The winds are expected to cover a large area, and should begin well in advance of the arrival of the center, the NHC said.

(Click to enlarge)

Occidental Petroleum, for one, is already removing non-essential personnel from its operations in eastern and central US Gulf of Mexico, but its operations for now remain operational.

Hess and Exxon Mobil, two more major US GofM players, are watching the storm developments, but has not made any personnel moves as a result.

One thing that could find itself right in the middle of the tropical storm is the LOOP Terminal, which is the first and only deepwater oil port in the United States, handling up to 2 million barrels of oil per day. 

Source: American Journal of Transportation

There have been no LOOP announcements regarding the potential tropical storm.

The NHC is giving it a 90% chance of turning into a tropic storm within the next 48 hours—if so, it will be named Nestor. It is projected to reach the coast of Florida between 7 PM Friday and 7 AM Saturday. Part of the storm-affected areas may see storm surge inundation of up to 5 feet above ground level, flooding areas near the coast.

While US oil companies are threatened by a tropical storm, its neighbor to the north is suffering under a different kind of storm—a snow storm that shuttered its Keystone oil pipeline as Manitoba declared a state of emergency, forcing owner TC Energy to declare a force majeure.

By Julianne Geiger for Oilprice.com

More Top Reads From Oillprice.com:



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News