Logo Background RSS

Weaker U.S. Gulf Coast Ida sucks, hits oil

  • A weakening Tropical Storm Ida brought drenching rain to the U.S. Gulf Coast as it slowly approached shore on Tuesday after shutting down almost 30 percent of Gulf energy production.

    Once a Category 2 hurricane, Ida’s threat was easing as its top
    sustained winds fell to 50 miles per hour (80 kph), the U.S. National
    Hurricane Center said in a 4 a.m. EST (0900 GMT) advisory.

    The center of the storm is expected to cross the U.S. Gulf Coast near
    Mobile, Alabama, later on Tuesday morning, the hurricane center said.
    After landfall, the storm is forecast to weaken further as it turns
    east over northern Florida.

    Oil prices eased to $79 a barrel as Ida was downgraded from a Category 2 hurricane.

    But the storm was already bringing heavy rainfall onshore. A tropical
    storm warning was in effect from Grand Isle, Louisiana, eastward to
    Aucilla River, Florida. The region was being pounded by rain and there
    were reports of flooded streets.

    The warning area included New Orleans, which is still recovering from the devastation of Hurricane Katrina in 2005.

    In Mobile, Alabama Governor Bob Riley warned residents to be on guard
    and declared a state of emergency for the state. Some 2.8 million
    residents of Louisiana, Mississippi, Alabama and Florida could feel the
    storm’s effects, the U.S. Census Bureau said.

    The Coast Guard closed the Port of Mobile, halting traffic on Mobile
    Bay, and authorities closed schools and government offices in coastal
    counties in Alabama and Florida, telling residents of flood-prone areas
    and mobile homes to evacuate.

    On Monday, a U.S. Coast Guard helicopter plucked two workers from a
    storm-damaged oil rig south of New Orleans. Ida is blamed for 124 flood
    and mudslide deaths in El Salvador.

    GULF OIL PRODUCTION CUT

    Ida, which was downgraded from a hurricane to a tropical storm earlier
    on Monday, posed the first real storm threat of the 2009 Atlantic
    hurricane season to Gulf of Mexico oil and natural gas production, and
    forced some companies to shut down offshore platforms and evacuate
    personnel.

    The U.S. Minerals Management Service said Ida had shut down 29.6 percent of Gulf oil production and 27.5 percent of gas output.

    Energy markets have been hypersensitive to Gulf cyclones since the
    devastating 2004 and 2005 seasons, when storms like Katrina disrupted
    U.S. output and sent pump prices soaring.

    With Ida weakening, most offshore oil rigs in the Gulf would not see
    any damage, said Jim Rouiller, senior energy meteorologist at private
    forecaster Planalytics Inc.

    “I think that by tomorrow it will be normal operations across the production region,” Rouiller said on Monday.

    The Louisiana Offshore Oil Port, the only U.S. terminal capable of
    handling the largest tankers, stopped unloading ships due to stormy
    seas. The Independence Hub, a major offshore natural gas processing
    facility, also was closed.

    A quarter of U.S. oil and 15 percent of its natural gas are produced
    from fields in the Gulf, and the coast is home to 40 percent of the
    nation’s refining capacity.

    At 4 a.m. EST (0900 GMT), the center of Ida was about 60 miles (97 km)
    south-southwest of Mobile and was moving north at about 9 mph (15 kph),
    the hurricane center said.

    A few coastal Alabama businesses boarded up their windows but many
    residents and visitors seemed to dismiss the late-season storm as
    little more than a nuisance.

    Schools, beaches and parks closed in the Florida Panhandle, the same
    area hit in August by Tropical Storm Claudette, the only other cyclone
    to make a U.S. landfall during the 2009 Atlantic season, one of the
    least active in a decade.

    Source: Reuters

    Search to find what you want

    Loading
    • Tropical storm expected to miss Gulf Oil Spill
    •      (soundings) Tropical Storm Alex, the first named storm of the Atlantic hurricane season, is moving across the Yucatan Peninsula and into the Gulf of Mexico today on a track that would keep it away from the Gulf oil spill.  Source

    • Oil hovers near $ 79 in Asian trade
    •     World oil prices remained near $79 a barrel in Asian trade Wednesday after dropped overnight mainly on restoration of oil operations in the Gulf of Mexico. Light sweet crude for December delivery was seen trading at $79.14 a barrel at 11.30 a.m Singapore time while Brent crude for December delivery

    • Hurricane Bill is expected to strengthen pass near Bermuda
    •     Hurricane Bill is forecast to intensify over the next two days, possibly becoming a major storm as it moves away from the Caribbean and toward Bermuda, the U.S. National Hurricane Center said. Bill, the first hurricane of the Atlantic season, had maximum sustained winds of 100 miles (160 kilometers) per

    • NOAA National Weather Service in the application of new wind Hurricane Scale
    •      (noaanews)  NOAA’s National Weather Service will use a new hurricane scale this season called the Saffir-Simpson Hurricane Wind Scale.  The scale keeps the same wind speed ranges as the original Saffir-Simpson Scale for each of the five hurricane categories, but no longer ties specific storm surge and flooding effects to

    • Oil producers move employees, support output to Hurricane
    •     Oil companies in the Gulf of Mexico are evacuating workers and halting some output as Hurricane Ida strengthened after entering the area, which accounts for more than a quarter of U.S. crude production. BP Plc evacuated non-essential staff and shut some of its Gulf output

    • Watching Hurricane Bill out of the water
    •      (soundings)  Boaters and marine businesses throughout the East Coast of the United States are keeping an eye on Hurricane Bill as it moves west toward Bermuda.  An advisory this morning from the National Hurricane Center showed the storm, now a Category 3 hurricane, about 380 miles north-northeast of the Leeward Islands and about 695

    • Watching Hurricane Bill out of the water
    •      (soundings)  Boaters and marine businesses throughout the East Coast of the United States are keeping an eye on Hurricane Bill as it moves west toward Bermuda.  An advisory this morning from the National Hurricane Center showed the storm, now a Category 3 hurricane, about 380 miles north-northeast of the Leeward Islands and about 695

    • Tropical Weather busy expects that
    •     After getting off to a slow start, the Atlantic hurricane season got busy yesterday as a tropical depression formed off the northern Gulf Coast of Florida, threatening to bring heavy rain and possible flooding to the area. The system was forecast to strengthen into Tropical Storm Claudette with winds of at

    • U.S. energy company to monitor storms in the Gulf
    •     U.S.

    • Oil below $ 67 a barrel in Asia
    •     World oil prices dropped further in Asian trade Monday mainly on reduced demands amid concerns over Tropical Storm Claudette. Light sweet crude oil for September delivery was seen trading at $66.85 per barrel at noon Singapore time while Brent crude was at $70.97 per barrel at the same time.Decline in oil prices

    Loading...

    blog comments powered by Disqus
    memeInternational Business BlogsMyBloglogClicky Web Analytics