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Storm Gordon halts some energy production in U.S. Gulf

Storm Gordon halts some energy production in U.S. Gulf

Reuters  |  HOUSTON 

(Reuters) - Three more pulled employees out of Tropical Storm Gordon's path, and companies cut 9 percent of U.S. on Tuesday as the storm churned towards an expected nighttime landfall.

The storm, which is expected to strengthen into a Category 1 hurricane with winds of at least 74 miles per hour (119 kph), shifted eastward, reducing its threat to producers on the western side of the Gulf and most refineries.

Companies evacuated 54 offshore platforms and halted 156,907 barrels per day of and 232 million cubic feet per day of natural gas output, according to estimates by the

Offshore accounts for 17 percent of total U.S. and 5 percent of

Energy Inc , and on Tuesday evacuated employees and shut in several platforms in the eastern halted output at its Ram Powell, Amberjack and Pompano platforms, Exxon its platform and curtailed its platform.

That followed Anadarko Petroleum Corp's decision on Monday to evacuate staff and shut production at two in the northern

Other major oil producers, including , and , said they continued to operate and were monitoring conditions. The Louisiana Offshore Oil Port, the largest privately owned crude terminal in the United States, also said it was operating normally.

U.S. and global crude futures were up a fraction as traders said they did not expect the storm to have long-term impact on Gulf output. The storm's potential threat also was overshadowed by a strong dollar and storage data that showed rising production, traders said.

"We have a lot of shut-ins. A couple rigs, a couple ports are closed to incoming vessels," one said. "But right now it is a Category 1 (hurricane). I can't see why that scares anyone."

The ports of and Pascagoula, Mississippi, and Mobile, Alabama, were closed to all traffic on Tuesday, the U.S. Coast said in a statement. New Orleans-area ports were operating under an advisory that called for gale-force winds within 24 hours.

 

 

(Reporting by Jessica Resnick-Ault, Scott Disavino, in New York and Erwin Seba and Collin Eaton in Houston; Editing by and Peter Cooney)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, September 05 2018. 01:57 IST
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