U.S. EIA estimate of 2014 storm-related oil & gas production disruption

The U.S. Energy Information Administration has published an estimate for hurricane and tropical storm-related oil & natural gas production disruption for the Gulf of Mexico, based on the latest NOAA 2014 Atlantic hurricane season forecast. The EIA estimates that, based on the NOAA hurricane season forecast of 8 to 13 named read the full article →

Gulf oil platforms lacking insurance cover prior to hurricane season

You would have thought after the last hurricane season that oil companies with offshore rigs or refineries in the Gulf of Mexico would have been wise to the dangers of not being covered in time for the tropical storm and hurricane season. It seems that the same coverage problems that read the full article →