Hurricane Harvey heads towards Houston
US Gulf continues to refine hurricane response
Another Atlantic hurricane season is well underway and expected to peak in September, while the oil and gas industry on the US Gulf Coast continues to watch the weather with caution
Hurricanes including Katrina, Harvey and Ida have caused extensive damage and disruption to the oil and gas industry on the US Gulf Coast over the past 20 years, and future storms pose a significant risk. Given the uncertainty over how much damage any one hurricane could cause, and the fact that record-breaking storms have been increasingly common in recent years, it is difficult for the industry to know what to expect. On the other hand, weather forecasting is becoming more accurate, and with examples of past damage serving as lessons, the sector finds itself in a relatively strong position to manage the risks involved. Part of the challenges lies in the sheer amount of infrastructure—downs
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
