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Tag Archives: Hurricanes

U.S. Sept. crude up eyeing hurricane as contract nears expiry

NEW YORK – U.S. crude prices extended gains and Brent briefly turned higher on Thursday as the first hurricane of the 2015 Atlantic season sparked concern as the front-month September contract approached expiration. Danny reached hurricane strength on Thursday, though it was relatively small and projected to weaken back into a tropical storm before reaching Puerto Rico on Tuesday, according ...

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Hurricanes long term impact on oil and gas in the Gulf

Almost ten years have passed since the Hurricane Katrina catastrophe. The damage caused cost between $96-$125 billion. Between cleaning up and prevention preparation, much remains to be done to prepare oil and gas development for future hurricanes. According to About News, “Hurricane Katrina affected 19 percent of U.S. oil production. Hurricanes Katrina, and previous Hurricane Rita, destroyed 113 offshore oil ...

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10-year sentence for ex-New Orleans Mayor Nagin

Kevin McGill | Associated Press NEW ORLEANS — Former New Orleans Mayor Ray Nagin was sentenced Wednesday to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor — including the chaotic years after Hurricane Katrina hit in 2005. U.S. District Judge Helen Berrigan handed down the sentence Wednesday morning. Nagin was ...

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Energy infrastructure can be dangerous in extreme weather, be prepared

Zachary Toliver | Shale Plays Media Extreme weather such as hurricanes, flooding, and severe thunder storms are notorious for causing millions of dollars in property damage every year. When that property is oil and gas infrastructure, safety hazards can go from bad to worse. Broken pipelines can cause grave issues for the surrounding environment and compromised electrical networks add danger ...

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Shale boom can shield US from hurricane problems

hurricane

By Shane Thielges | Shale Plays Media Another benefit of the US shale boom: America is much less susceptible to fuel supply problems from hurricanes. An article from United Press International outlines how the prevalence of onshore drilling prevents potential energy disruption from tropical storms. Hurricane Katrina, for example, shut down half of all Gulf of Mexico production from offshore drilling ...

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