U.S. Gulf Coast Energy Companies Race Another Hurricane Strike

U.S. Gulf

Hurricane Nicholas directed for the central Texas coast with 75 miles per hour (120 kph) winds. It brought heavy rain to Texas and parts of Louisiana still recuperating from Hurricane Ida.

Life-threatening flash floods from higher to 12 inches of rain are likely along the upper Texas coast to southwest Louisiana. The National Hurricane Center stated that Nicholas was raised into a category one hurricane late Monday but is not supposed to strengthen further.

Nicholas is the second cyclone to approach the U.S. Gulf Coast energy complex in recent weeks. Hurricane Ida wreaked destruction on oil production and refining plants in late August and early September. Some 113,000 Louisiana houses and companies have been without power following Ida struck.

 

Ida Damage

 

According to the offshore regulator Bureau of Safety and Environmental Enforcement (BSEE), more than 40% of the U.S. Gulf of Mexico’s oil and gas production remained offline on Monday. This came two weeks following Ida crashed into the Louisiana coast, according to the offshore regulator Bureau of Safety and Environmental Enforcement (BSEE).

Disadvantages to an offshore hub that draws oil and gas from three vital oilfields for concocting onshore and power blackouts at coastal processing plants are accountable for production damages.

Royal Dutch Shell (LON: RDSa) declared it had commenced evacuating non-essential staff from its Perdido platform, Ida’s untouched. Occidental Petroleum Corp (NYSE: OXY) announced it was performing procedures to safeguard workers, indicating offshore evacuations.

Carriers were notified of hurricane-force winds at oil export termini on the Texas coast. The Houston Ship Channel, a 53-mile (85 km) waterway vital to oil and fuel exports, stopped all traffic. The Aransas-Corpus Christi pilots discontinued activities because of heavy seas.

Fifty-five thousand houses and companies were out of power late Monday, as declared by the tracking website PowerOutage.com.

Oil refiners Exxon Mobil Corp (NYSE: XOM), Phillips 66 (NYSE: PSX), Citgo Petroleum, and Shell announced they rendered some of their Texas and Louisiana coastal plants for harsh weather.

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