Explore stories from Atlantic Canada.
Masstown farmer launches pumpkins over a kilometre for charity | SaltWireHOUSTON - A very active Atlantic hurricane season so far this year has not sent storms across U.S. oil and natural gas fields in the northern Gulf of Mexico, sparing energy companies billions of dollars of losses and consumers higher fuel costs.
So far this year, only one storm, Tropical Storm Harold, on Aug. 23 disrupted operations at the three refineries in Corpus Christi, Texas, just for a day due to power outages. "We got really, really lucky this year," said Colin White, consultant with Rystad Energy in Houston. "But there is still an inherent risk that producers have to take into account."“I wouldn’t want to say the hurricane season is over, but it is waning,” said Jim Foerster, chief meteorologist for DTN. “This season has been a powerhouse.”
At an assumed price of $70 per barrel of oil, that equals an average lost revenue per year of about $1.7 billion, White said.Meanwhile, last year's hurricane season was the first season since 2014 that left most offshore production unaffected, said Troy Vincent, senior oil market analyst for DTN.Refiners' view of low-activity hurricane seasons sparing them of crude supply disruption price, however, may change, said Pet Jelinek, Ernst & Young Americas oil and gas leader.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US Gulf Coast oil patch gets lucky, so far, in busy hurricane seasonExplore stories from Atlantic Canada.
Lire la suite »
Arkansas orders Chinese-owned seed producer Syngenta to sell US farmlandExplore stories from Atlantic Canada.
Lire la suite »
Canadian tech found in Russian drones used to kill Ukranains, CSIS director confirmsExplore stories from Atlantic Canada.
Lire la suite »
Cape Breton seniors struggle as tiny raise disqualifies them from vital grantsExplore stories from Atlantic Canada.
Lire la suite »
Lebanon's Hezbollah denounces Gaza hospital strike, protests in BeirutExplore stories from Atlantic Canada.
Lire la suite »
Canadian tech found in Russian drones used to kill Ukranains, CSIS director confirmsExplore stories from Atlantic Canada.
Lire la suite »