ChainCatcher reported that Hurricane Isaias is approaching, prompting a broad disruption to offshore oil production in the U.S. Gulf of Mexico. Nearly 63% of the region’s offshore crude output has been suspended, according to the newsflash. Major energy companies including BP, Shell and Chevron have already cut production and evacuated workers from offshore platforms. The report added that the hurricane is expected to make landfall either on Friday or in the early hours of Saturday. The update focused on the scale of the production halt, the companies involved and the expected timing of landfall.
According to ChainCatcher, Hurricane Isaias is approaching, and nearly 63% of offshore crude oil production in the U.S. Gulf of Mexico has been suspended.
Major energy companies including BP, Shell and Chevron have cut output and evacuated workers from offshore platforms. The hurricane is expected to make landfall on Friday or in the early hours of Saturday.
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