India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
By Erwin Seba HOUSTON, Oct 26 (Reuters) – Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.
BP, BHP Group Ltd, Chevron Corp, Equinor and Royal Dutch Shell began withdrawing staff from their U.S. Gulf of Mexico offshore facilities ahead of Tropical Storm Zeta.
The storm could reach hurricane strength before striking the Yucatan Peninsula at mid-day Monday, and approach the northern Gulf Coast on Wednesday at or near hurricane strength, the U.S. National Hurricane Center said.
Zeta was about 175 miles (285 km) south of Cozumel, Mexico, early Monday and moving northwest at nine miles per hour. Mexico’s government issued a hurricane warning for parts of the Yucatan Peninsula.
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“With forecasts indicating the storm will move across the Central and/or Northeastern Gulf of Mexico in the next few days, we are taking steps to respond,” BP said in a statement. It pulled oilworkers off all its four production platforms in the Gulf.
BHP, Chevron and Shell also began moving non-essential staff from offshore facilities, spokespeople said. Equinor withdrew workers and shut production on its Titan production platform, a spokesman said.
Occidental Petroleum Corp., the third largest producer in the offshore Gulf of Mexico, did not reply to a request for comment.
It has been a challenging year for Gulf of Mexico oil producers, with some companies having to withdraw workers and halt production at least six times as storms churned through the Gulf’s offshore production region.
U.S. Gulf of Mexico offshore oil production accounts for about 17% of total U.S. crude oil production and 5% of total U.S. dry natural gas production.
If Zeta strikes the U.S. mainland, it would top the record of 10 named storms to make U.S. landfall in one hurricane season that was set only weeks ago by Hurricane Delta.
Mississippi River ports from Baton Rouge to the Gulf of Mexico were open on Monday but placed on notice of gale force winds from a storm due within 72 hours. (Reporting by Erwin Seba; writing by Gary McWilliams; Editing by Giles Elgood and David Gregorio)
(c) Copyright Thomson Reuters 2020.
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