• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 17 hours Ethanol is the SAVIOR of the Oil Industry, Convenience Store Industry, Automotive Supply Chain Industry and Much More!
  • 1 hour Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 1 hour Pepe Escobar: “How The Houthis Overturned The Chessboard”
  • 17 hours Instagram Now Banning Photos Of People At Gun Ranges, Claiming They Promote "Violence"
  • 11 hours Let's shut down dissent like The Conversation in Australia
  • 23 hours Famous Manufacturer of Anti-Ethanol Additives Proves Ethanol's Safety and Benefits
  • 1 day Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 2 hours Democrats and Gun Views
  • 8 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 1 day Iran in the world market
  • 1 day Trump Accidentally Discusses Technology Used In The Border Wall
  • 1 day One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
Bill Gates Says $11 Trillion Anti-Oil Push Isn’t Working

Bill Gates Says $11 Trillion Anti-Oil Push Isn’t Working

Climate activists screaming at investors…

Oil Producers Begin Evacuation From Gulf Of Mexico Platforms Ahead Of Storm

Chevron GoM

Oil producers in the U.S. part of the Gulf of Mexico have begun evacuating employees from their platforms ahead of a possible storm that is for now a tropical depression, Reuters reports, adding the storm could develop by this evening or tomorrow.

Among the companies that have started moving staff from the Gulf are Shell, Chevron, BP, and BHP, while Exxon is keeping an eye on the weather developments for the time being to establish which of its platforms could find themselves in the way of the storm.

Chevron is evacuating all the staff from five platforms and shutting them down ahead of the storm, and also evacuating some non-essential personnel from a sixth platform. Shell is evacuating four platforms--Appomattox, Mars, Olympus and Ursa—and has reduced production from the Mars and Olympus platforms by more than 2,500 bpd. BP is evacuating staff from four platforms that collectively produce over 300,000 bpd of oil and gas. BHP, for its part, is reducing production at two platforms, with the evacuation of staff from Neptune and Shenzi expected to wrap up by this afternoon.

Earlier this week, the Colorado State University updated its forecast for this hurricane season and now expect 14 named storms, six hurricanes, and two major hurricanes. While the update is unchanged from last month’s forecast, it does feature more than the average number of named storms per hurricane season, which is twelve. Six hurricanes is the average number per season, and of these, an average of three become major hurricanes of Category 3 or more.

The outlook of the National Oceanic and Atmospheric Administration forecasts 9 to 15 named storms this hurricane season, 4 to 8 hurricanes, and 2 to 4 major hurricanes.

The Gulf of Mexico accounts for some 17 percent of U.S. oil production. Last year, hurricane Michael shut in production of more than 700,000 bpd for a few days. The year before, however, hurricane season was a lot more devastating: total losses for the oil industry—production and refining—hit US$200 billion, which became the highest storm bill in history.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play