This time a year ago, Houston and the Texas Gulf Coast were reeling from Hurricane Harvey, a monster storm that came ashore twice in less than a week, causing death and an estimated $125 billion in damage while inundating some parts of Texas with more than 60 inches of rain – a record for a U.S. weather event. The… Keep reading →
After a record-breaking hurricane season and catastrophic wildfires in California, the vulnerabilities of our electric system – and the urgent need to upgrade it – have never been clearer. It took more than 10 days of around-the-clock work to restore electricity to 350,000 customers after fires struck California wine country last month. Returning service to… Keep reading →
In the wake of fuel shortages arising from Hurricanes Irma and Harvey, the US Customs and Border Protection extended and expanded its September 8 waiver of the coastwise trade provisions of the Jones Act.
The EPA exercised its emergency fuel waiver authority to help ensure an adequate supply of fuel throughout the South, Southeast, and the Mid-Atlantic in the wake of Hurricane Harvey.
The U.S. Energy Information Administration (EIA) reports on rising gasoline prices in the wake of Hurricane Harvey and notes that the storm’s impact on prices is similar to the big hurricanes of 2005, Katrina and Rita. EIA: Compared with other hurricanes that have made landfall in the United States since 2000, Hurricane Harvey’s impact on U.S. Gulf… Keep reading →
Hurricane Harvey ravaged southeastern Texas, affecting oil, natural gas, and gasoline prices all over the country.
As shut down notices continue to roll in, it appears that the level of damage wrought by Hurricane Harvey to oil and gas infrastructure along the Gulf Coast may vary significantly by asset class in the final analysis.
Winds and floods are among the very reasons for the seldom-invoked force majeure provisions of your oil and gas leases, operating agreements, transportation agreements and other contracts.
Hurricane Harvey is moving through the Gulf of Mexico, home to nearly 20 percent of total U.S. crude oil production, and toward the Texas coast, where more than 25 percent of U.S. refining capacity is located. We don’t know exactly where the storm will come ashore, but since the Gulf Coast is the largest domestic supplier of… Keep reading →
