⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Oil majors begin offshore evacuations as storms take aim at Gulf of Mexico

Published 21/08/2020, 21:19
© Reuters. FILE PHOTO: Logo of BP is seen at a petrol station in Kloten
BP
-
SHEL
-

By Liz Hampton and Jennifer Hiller

(Reuters) - BP (L:BP), Shell (L:RDSa) and Chevron Corp (N:CVX) on Friday said they had begun evacuating offshore oil facilities, with two tropical cyclones heading toward the U.S Gulf of Mexico as the already active 2020 Atlantic hurricane season heats up further.

BP said it had begun the process of evacuating personnel from offshore platforms and drilling rigs, while also beginning to shut-in production at its four operated platforms in the U.S. Gulf of Mexico, the Thunder Horse, Atlantis, Mad Dog and Na Kika.

Shell said it had started to reduce non-essential personnel on some of its offshore facilities. It said there was currently no effect on production and work was underway to secure drilling operations.

Meanwhile, Chevron said it was evacuating all personnel at its Big Foot, Genesis, Jack/St. Malo and Tahiiti platforms and initiating shut-in procedures. It also began evacuating non-essential workers from its Blind Faith and Petronius platforms, but said production remained normal.

© Reuters. FILE PHOTO: Logo of BP is seen at a petrol station in Kloten

The tropical cyclones churning toward the Gulf of Mexico could both could make landfall as hurricanes next week, an extremely rare event that could cause massive disruption from Texas to the Florida Panhandle.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.