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U.S. offshore oil workers flee as storm approaches Gulf of Mexico

Thu, 26th Aug 2021 19:22

HOUSTON, Aug 26 (Reuters) - U.S. energy companies on
Thursday began airlifting workers from Gulf of Mexico oil
production platforms and moved vessels from the path of what
could become a devastating hurricane by the weekend.

A storm is brewing in the Caribbean Sea and is forecast to
grind through the main oil-producing region of the Gulf this
week. It could become a major hurricane ahead of landfall on the
central Gulf Coast, the National Hurricane Center said.
Hurricanes with winds of up to 111 miles (178 km) per hour are
classified as major and can bring devastating damage onshore.

BHP, Chevron, Equinor and Royal
Dutch Shell have begun removing workers from their
offshore facilities, spokespeople said. BHP, Shell and Chevron
are beginning with non-essential staff while Equinor said it is
preparing to move workers off its Titan platform.

BHP aims to fully evacuate its Shenzi production platform
and shut-in its production by Friday. Chevron said its
production remained at normal levels on Thursday.

Gulf of Mexico offshore wells account for 17% of U.S. crude
oil production and 5% of its dry natural gas production. Over
45% of total U.S. refining capacity lies along the Gulf Coast.

The preparations comes nearly four years to the day that the
Gulf Coast was hit by Hurricane Harvey, which dumped several
feet of rain in areas of Texas.

"This storm has the potential for rapid increases in
intensity before it comes ashore" because of extremely warm
waters off Louisiana, said Jim Foerster, chief meteorologist at
DTN, which provides weather advice to oil and transportation
companies.

"Water temperatures are 85 degrees to 88 degrees Fahrenheit
(29-31 degree Celsius), that's anomalously high, 3 to 5 degrees
higher than it normally would be," said DTN's Foerster. Its
projected path over warm waters will mean it drops heavy rains
that cause onshore flooding as it nears the Gulf Coast, he said.
(Reporting by Gary McWilliams, Liz Hampton and Erwin Seba
Editing by Marguerita Choy)

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*

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

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Sector movers: Oil, Autos drag on FTSE 350

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30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
Anexo Group PLCFull Year Results
Cambridge Cognition Holdings PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Arecor Therapeutics PLCFull Year Results
BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
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MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, a non-governmental organization said in a report said on Monday.

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24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

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24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.

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24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said its Tyrving field development could start production sooner than previously planned.

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

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18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

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Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
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Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
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Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
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Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
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CRH PLCAGM
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Develop North PLCAGM
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Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
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International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
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Schroders PLCAGM
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
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LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

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18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

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