Major Gulf Coast Energy Infrastructure Shutdown Due To Tropical Storm Harvey

Thursday, August 31st, 2017 Catastrophe Excess & Surplus Lines

Tropical Storm Harvey made landfall in Louisiana early on Wednesday after hammering Texas, threatening more infrastructure in the heart of the U.S. oil and natural gas industry. The U.S. National Hurricane Center said Harvey came ashore just west of Cameron, Louisiana, and was expected to weaken to a tropical depression by Wednesday evening. Numerous refineries, terminals, drilling platforms and other infrastructure have shut. At least 4.2 million bpd of refining capacity was offline, or more than 22 percent of total U.S. capacity, based on company reports and Reuters estimates. The Gulf is home to nearly half of U.S. refining capacity.


External References & Further Reading
https://www.reuters.com/article/us-storm-harvey-oil-infrastructure-idUSKCN1BA1MN
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