Tropical Storm Barry is forecast to become the first hurricane of the 2019 season. The storm is already affecting offshore operation and will soon begin to impact energy infrastructure onshore as well. As projected storm paths appear to be shifting east, Barry is moving away from the heavy energy export infrastructure in the Port Arthur area. However, the storm still poses a threat to energy infrastructure in the Louisiana area. Indeed, Phillips 66 announced that preparing to shut its 253,600 barrel per day Alliance refinery. Other refineries in southern Louisiana may soon follow. Barry’s cone of uncertainty has it passing by some of the largest oil and gas producing platforms in the Gulf of Mexico. As of 11:30 CDT on Wednesday 07/10/2019, the storm had already led to the evacuation of 15 production platforms with 602,715 barrels of oil per day shut in and 496.2 mmcfd of gas shut-in according to the Bureau of Safety and Environmental Enforcement. Since the EIA leverages BSEE’s outage monitoring as it’s only real-time component in Lower 48 production, that drop will appear in next week’s EIA report. Source: BOEM, NOAA, DrillingInfo Although the storm is currently affecting supply, the impact of hurricanes on the… continue reading
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Source: CTRM Center