U.S. oil losses from Hurricane Ida rank among worst in 16 years

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records.

Ida's 150 mile-per-hour winds cut most offshore oil and gas production for more than a week and damaged platforms and onshore support facilities. About 79% of the region's offshore oil production remains shut and 79 production platforms are unoccupied after the storm made landfall on Aug. 29.

"There could be volumes that are offline for a considerable amount of time," said Facts Global Energy consultant Krista Kuhl. "It’s just too early to tell." Hurricanes Katrina and Rita in 2005 remain the worst hit to Gulf Coast energy facilities. The back-to-back storms caused production losses that continued for months, removing about 162 million barrels of oil over three months, FGE said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Maybe Jersey Joe could go meet the next hurricane offshore and explain how bad that would be to hit America again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pandemic and climate change mean rebuilding after Hurricane Ida will be tougher and more costlyEarly estimates from catastrophe-modeling firm AIR Worldwide suggest that insured losses due to Hurricane Ida will fall in the range of $17 billion to $25 billion.
Source: YahooNews - 🏆 380. / 59 Read more »

Hurricane Ida power outages, misery persist 9 days laterNEW ORLEANS (AP) — Hundreds of thousands of homes and businesses in Louisiana, most of them outside New Orleans, still didn’t have power Tuesday and more than half of the gas stations in two major cities were without fuel nine days after Hurricane Ida slammed into the state, splintering homes and toppling electric lines.
Source: AP - 🏆 728. / 51 Read more »