Green Hydrogen Hype Fades as High Costs Force Projects to Retreat
(Bloomberg) — Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the...
The Navy has ordered the USS Iwo Jima and USS New York to get underway from their homeport in Mayport Oct. 7 to be in position to support the gulf coast region if needed in the aftermath of the hurricane. An update from the Navy however said that the departure of USS Iwo Jima from Naval Station Mayport is delayed due to a mechanical issue with the ship’s propulsion system.
The BSEE said as of Friday 66 platforms and 5 rigs have been evacuated and 11 DP rigs moved off position. The update said GoM oil and gas production at 71% and 53%, respectively.
The U.S. Coast Guard on Saturday ordered port condition Zulu, a halt to all traffic, beginning at 8 a.m. local time for New Orleans; Gulfport and Pascagoula, Mississippi; Mobile, Alabama; and Pensacola and Panama City, Florida.
New Orleans, which sits near the mouth of the Mississippi River, is an important transit point for energy, metals and agricultural commodities moving to overseas and domestic markets.
Nate is expected to strike the U.S. coast on Saturday night as a Category 2 storm on the Saffir-Simpson Hurricane Wind Scale, the National Hurricane Center said on Saturday. At that intensity, it would have destructive winds of 96 to 110 miles (154 to 177 km) per hour.
Restrictions on New Orleans inbound and outbound traffic span the lower Mississippi River from the Huey P. Long Bridge above Head of Passes to the Southwest Pass entrance at mile marker 20 below the head of passes, the Coast Guard said.
Gary LaGrange, executive director of trade group Ports Association of Louisiana, said he expected traffic restrictions to be lifted quickly once the fast-moving storm passes overnight.
“It’ll be short-lived based on the projected path and movement of the storm unless an unlikely event happens – such as two vessels colliding,” he said.
Vessels were still moving to secure berths at the ports on Saturday morning, he said.
The storm already has caused oil companies to evacuate workers at 66 production platforms and five rigs in the U.S. Gulf of Mexico, according to the U.S. government. As of Friday, operators had shut output equal to 1.24 million barrels per day of oil and 1.7 billion cubic feet per day of natural gas production in the U.S. Gulf of Mexico due the storm, it said.
Phillips 66 also halted operations at its Alliance, Louisiana, oil refinery on Saturday. The refinery is south of New Orleans along the banks of the Mississippi River. (Reporting by Gary McWilliams; Editing by Lisa Von Ahn)
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