Day: August 28, 2020

Thanks Laura

Ahead of Hurricane Laura’s landfall, Gulf of Mexico Operators were forced to evacuate nearly 300 platforms and shut-in more than 84% of oil production and more than half of their natural gas production. In addition, after one of the strongest hurricanes in years made landfall near the heart of the U.S. refining industry, around 3 million barrels a day of U.S. refining capacity was closed or reduced. These facilities are built to withstand such events but a temporary shutdown is about how 2020 is going. So, thanks Laura.