En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Tropical storm Nate shuts oil rigs on track toward gulf coast

Heavy rains are triggering landslides across Central America. Nate could become a hurricane in Gulf of Mexico by Saturday

By Brian K Sullivan and Mark Chediak

Petroleumworld 10 06 2017

Tropical Storm Nate, which has already shut oil and gas platforms in the Gulf of Mexico, strengthened as it continued north on a path that'll bring it ashore in the U.S. by week's end.

Nate was about 75 miles (121 kilometers) east-southeast of Isla Guanaja, Honduras, with top winds of 45 miles an hour, the U.S. National Hurricane Center said in an advisory at 2 a.m. New York time. The storm's latest forecast track has it scraping the eastern edge of Mexico's Yucatan Peninsula before becoming a hurricane south of Louisiana on Saturday. Nate may come ashore anywhere from Louisiana to Florida's Panhandle.

Fourteen storms have already formed across the Atlantic so far this hurricane season, killing hundreds of people in the U.S., Mexico and the Caribbean and causing an estimated $300 billion in damage. In August, Hurricane Harvey temporarily shut down about 25 percent of oil and natural gas production in the Gulf and as much as 20 percent of U.S. refining capacity. A few weeks later, Hurricane Irma devastated Florida citrus groves.

Nate is set to roil commodities markets once again by halting oil and gas output in the Gulf and threatening orange and cotton crops. Orange-juice futures rose Thursday. BP Plc to Chevron Corp. were evacuating and shutting platforms on Thursday ahead of its arrival, while Phillips 66 is said to reduce refining rates at its Alliance plant south of New Orleans.

As of 2 a.m. Friday, a hurricane watch was in place for Morgan City, Louisiana, eastward to the Mississippi/Alabama border, metropolitan New Orleans, and Punta Herrero to Rio Lagartos in Mexico. A reconnaissance plane has found that the storm has become “a little stronger,” according to the advisory.

Nate has already triggered flooding and landslides in Central America, leaving at least 17 people dead in Costa Rica and Nicaragua, based on government estimates. Costa Rica declared a national emergency Thursday, suspending classes and urging people to stay home. Honduras began stocking shelters.

Offshore Rigs

While energy production may be curtailed, the storm probably won't be strong enough to do any lasting damage, Matt Rogers, president of the Commodity Weather Group LLC in Bethesda, Maryland, said earlier on Thursday. “The track looks a little ominous, but the intensity is under-performing. That is the reason why we may not get big problems out of this,” he said.

Offshore rigs and platforms in the Gulf of Mexico account for about 17 percent of U.S. oil output and 4 percent of gas production. Roughly 45 percent of petroleum refining capacity and 51 percent of gas processing is on the coast.

Depending on where Nate ultimately comes ashore, it could mean trouble for citrus farmers in Florida, the world's second-largest orange juice producer, still reeling from Hurricane Irma last month.

The system “definitely” poses a risk to U.S. cotton-growing areas, particularly western portions of the Southeast including Alabama and Georgia, Donald Keeney, senior meteorologist with MDA Weather Services in Gaithersburg, Maryland, said in a phone interview. Georgia is the second-largest cotton producer after Texas.

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Nov 13-14 ;
Mexico City, Mexico






Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.