TITLE

Battered Gulf Coast Facilities Are Coming Back Quickly

AUTHOR(S)
Illia, Tony
PUB. DATE
September 2005
SOURCE
ENR: Engineering News-Record;9/12/2005, Vol. 255 Issue 10, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Hurricane Katrina's devastating blow to one of the largest energy hubs in the U.S., on August 29 nearly shut down crude-oil and natural-gas production in the Gulf of Mexico. It also significantly reduced refining capacity, resulting in a 50% hike in gas prices in some parts of the country. Nearly 75% of the Gulf's production platforms and 96 of its 137 drilling rigs were evacuated ahead of Katrina. The U.S. Minerals Management Service reported that the storm's impact created gas lines reminiscent of the 1973-74 energy crisis caused by the Arab oil embargo. In response, the Environmental Protection Agency waived summer volatility fuel standards requiring a lower Reid Vapor Pressure.
ACCESSION #
18270313

 

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