US Gulf continues to refine hurricane response
Another Atlantic hurricane season is well underway and expected to peak in September, while the oil and gas industry on the US Gulf Coast continues to watch the weather with caution
Hurricanes including Katrina, Harvey and Ida have caused extensive damage and disruption to the oil and gas industry on the US Gulf Coast over the past 20 years, and future storms pose a significant risk. Given the uncertainty over how much damage any one hurricane could cause, and the fact that record-breaking storms have been increasingly common in recent years, it is difficult for the industry to know what to expect. On the other hand, weather forecasting is becoming more accurate, and with examples of past damage serving as lessons, the sector finds itself in a relatively strong position to manage the risks involved. Part of the challenges lies in the sheer amount of infrastructure—downs
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields