The EIA’s chart above highlights the fact that the precise path from a hurricane in the Gulf of Mexico can have a bigger impact on oil industry operations than the strength of the hurricane. – Hurricane Nate, a Category 1 storm, passed through the Mississippi Canyon lease area in the Gulf of Mexico last year, causing significant disruptions. – Meanwhile, Hurricane Harvey, a devastating Category 4 storm that disrupted a lot of refining operations onshore, had only a minor impact on Gulf of Mexico production, because it passed by areas of concentrated drilling. Market Movers • Cabot Oil & Gas (NYSE: COG) saw its share price move higher after the startup of the Atlantic Sunrise pipeline, which adds new midstream capacity for Marcellus Shale drillers. Cabot has secured about half of the capacity on the pipeline. • Total SA […]