ExxonMobil is working to restore full operations at its Hoover crude oil and gas platform in the Gulf of Mexico, more than a week after the severe storm swept through the region.The company said on July 5 that it had shut the platform in advance to the storm, after evacuating staff. After the storm passed on July 8, the major said it had begun work to resart the offshore platform. Oil from the platform and other nearby fields is transported onshore by the Hoover Oil Pipeline system, known also as HOOPS, and its barrels are marked as HOOPS Blend. ExxonMobil is the operator of HOOPS.
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Gimme Shelter - Wind, Flooding, Outages Add to Risks for Onshore Assets in Hurricane Season
Storms that form in the Gulf of Mexico (GOM) during hurricane season don’t just dissipate once they make landfall and can inflict havoc on onshore assets. Storm damage and flooding can delay plant restarts, but so can power outages, as we saw when Hurricane Beryl hit the Texas/Louisiana region in July. And while there were no major refining or production assets in the path of Hurricane Helene, which slammed into the Florida Panhandle on September 26, widespread damage illustrated the potential risk to onshore infrastructure. In today’s RBN blog, we will examine how hurricanes have disrupted onshore assets and explain why power restoration is often the Achilles’ heel in plans to resume normal operations.
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Riders On The Storm - Hurricane Season Brings Unpredictable Risks to Gulf of Mexico Oil Production
Every year, the biggest wild card regarding Gulf of Mexico (GOM) crude oil production is the severity of the Atlantic hurricane season. A season generally free of major storms in offshore production areas will likely have only a minimal impact, but a summer and early fall with even just one or two powerful hurricanes along certain paths can cause output to plummet, sometimes for extended periods. In today’s RBN blog, we’ll look at GOM production gains over the years, the degree to which hurricanes and other issues have reduced output in the past, and the new production expected to come online later this decade.
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Don't You (Forget About Me) - Sandy's Legacy a Reminder That East Coast Also Faces Hurricane Risks
As the Atlantic hurricane season churns out storms that regularly threaten the U.S. Gulf Coast, it can be easy to forget that the East Coast — an important refining center and refined-products market — is not immune from their impact. A dozen years ago this month, Superstorm Sandy roared ashore in New Jersey, wreaking havoc with storm surges and fierce winds that stretched for 1,000 miles. While the East Coast lacks the Gulf Coast’s concentration of energy infrastructure, it is home to the critical New York Harbor (NYH) market. In today’s RBN blog, we will examine how storms have affected the refining sector on the East Coast.
