Market Brief
U.S. Gulf Coast Braces for Storm, an Industrial Info Market Brief
The U.S. Gulf Coast is bracing for the second possible named system of the 2019 hurricane season.
Released Wednesday, July 10, 2019
The U.S. Gulf Coast is bracing for the second possible named system of the 2019 hurricane season. The weather system, located off the coast of the Florida Panhandle, is likely to form as Tropical Storm Barry on or before Thursday, and could hit the Gulf Coast as a hurricane on Saturday, according to the National Hurricane Center. Flooding is likely to be the main threat from the storm. Up to 18 inches of rain are possible. The system is expected to make landfall on Saturday between Texas and Louisiana. Once the weather system becomes a named storm, with sustained winds of more than 39 miles per hour, Industrial Info's Disaster Impact Tracker will monitor the storm and provide our users with updates regarding the storm's effect on plants and projects in its path.
Ahead of the storm, Shell, Chevron, and BP are removing personnel and cutting offshore production. The storm will likely sweep quickly through the Gulf, keeping production impacts short-lived.
The U.S. Energy Information Administration says that about 45% of U.S. refining capacity and 51% of U.S. natural gas processing is located in the Gulf Coast region. No refineries had been closed as of Tuesday afternoon, although owners were keeping an eye on the storm and may decrease staffing at some refineries.
Industrial Info is tracking 629 U.S. offshore oil and gas facilities and pipelines with 3,403 functional management contacts in the Gulf of Mexico. Click here for the list of facilities.
In Louisiana, Industrial Info is tracking 1,228 onshore plants across 12 industries with 8,537 functional management contacts. Click here for the list of plants.
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