U.S. Gulf oil producers curtail output ahead of Tropical Storm Nate

6 Oct 2017   Climate, Oil Supply, USA

Oil and natural gas operators began evacuating staff and halting production at U.S. Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the second storm in as many months to rattle the Gulf Coast energy corridor. Nate, which has killed at least 10 people in Costa Rica and Nicaragua and caused intense rainfall, is forecast to scrape Honduras and Mexico, enter the Gulf and strengthen into a hurricane before making landfall this weekend in Louisiana, near several major refineries. That path takes it through an area populated by offshore oil and natural gas platforms, which pump more than 1.6 million barrels of crude per day (bpd), about 17 percent of U.S. output, according to government data. About 14.6 percent of U.S. Gulf oil production equaling 254,607 bpd was offline on Thursday, the U.S. Department of […]

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