Articles tagged Flooding

Natural gas futures mustered momentum on Tuesday – after losing ground the day before and last week – amid lighter production readings, bargain buying and short covering.

Oil and refined products flows resumed Sunday through Trans Mountain Pipeline after a three-week suspension of deliveries as a safety precaution during floods in southern British Columbia.

Natural gas forward prices recorded a third straight week in the red as weather models continued to show variability in the forecasts, rather than sustained cold.

Oil and natural gas companies scrambled on Monday to determine the extent of damage to refineries, pipelines and offshore platforms in the immediate aftermath of the former Hurricane Ida, which made landfall in Louisiana packing winds near 150 mph.

Ida came in like the major hurricane she was, temporarily reversing the course of the Mississippi River and shutting down nearly all of the natural gas and oil produced in the Gulf Mexico (GOM). The aftermath also is looking to be long and difficult as thousands of people may be without power into the fall.

The worst may not be over for the Gulf Coast oil and gas industry in what one forecaster expects to be the most costly natural disaster in U.S. history. And Hurricane Irma, a Category 2 storm as of Thursday midday, now is lurking on the same early path across the Atlantic that Harvey took.

Tropical Storm Harvey rained its terror on Texas again on Wednesday, making landfall about 30 miles east-southeast of the massive petrochemical and refinery complex in Port Arthur. For the energy complex, processing plants and refineries were taking the biggest hits, with flooding expected to continue along the upper Texas coast and inland through Louisiana for the next few days.

West Virginia’s natural gas industry has pitched in to help with recovery efforts after devastating flooding last week damaged homes and claimed the lives of as many as 23 people in the state (see Shale Daily, June 28).

As West Virginia endured severe flooding that claimed the lives of as many as 23 people last week, some midstream natural gas operations in the state were affected as well.

As West Virginia endured severe flooding that claimed the lives of as many as 23 people last week, some midstream natural gas operations in the state were affected as well.