Refineries affected by Hurricane Francine are reopening, with significant damage unlikely. Production in the Gulf of Mexico is resuming, and closed oil ports like Corpus Christi are reopening, which should help lower oil prices. The hurricane season has been milder than expected, with a few more direct impacts predicted for the U.S. before it ends.
Texas LNG has secured a new agreement with a major LNG player, ensuring sufficient volume for the final investment decision. The facility will produce 4 million tonnes of LNG annually and use renewable power to minimize CO2 emissions.
Curious Minds Corner
Question of the week
What is the name of the pipeline, built in the 1970s, that transports oil from fields near Prudhoe Bay across Alaska to the port city of Valdez?
The first person to answer the week’s question wins a reward from LDV Consulting. Good Luck!