US Gulf oil producers, refiners shutdown ahead of Isaac

By REUTERS
August 27, 2012 16:48

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

HOUSTON - US energy companies shut offshore rigs in the Gulf of Mexico and started closing coastal refineries on Monday as fears Tropical Storm Isaac would batter the vital oil and natural gas region at hurricane strength.

Gasoline futures rose as the storm raised fears of a repeat of deadly hurricanes Katrina, Gustav and Ike which damaged offshore operations and refineries, in some cases for months.

Fueled by warm Gulf waters, Isaac was expected to strengthen into at least a Category 1 hurricane and threatening to hit Louisiana midweek, seven years to the day after devastating Hurricane Katrina.

Marathon Petroleum Corp said on Monday it was initiating the shutdown of its 490,000 barrels-per-day (bpd) refinery in Garyville, Louisiana.

Phillips66 said it was in the process of shutting down its 247,000 barrel-per-day (bpd) Alliance refinery in Belle Chase, Louisiana, and that the plant would be offline by late Monday.

Louisiana Gov. Bobby Jindal said on Sunday Chevron Corp is "in the process" of shutting its 330,000 barrels-per-day (bpd) refinery in Pascagoula. Chevron declined comment on storm impacts.

Related Content

Breaking news
August 18, 2018
U.N. chief suggests options for improved Palestinian protection

By REUTERS