Category: Business

HOUSTON – Oil and gas workers withdrew en masse from offshore production facilities, and onshore refineries began storm preparations on Wednesday as Hurricane Delta was forecast to intensify into a powerful, Category 3 storm as it crosses the Gulf of Mexico. Delta’s winds declined to 105 miles per hour (169 kph) as it tore across […]

HOUSTON – BHP Group Ltd completed shutting production and evacuating workers from the Shenzi and Neptune platforms in the U.S.-regulated northern Gulf of Mexico ahead of Hurricane Delta, a company spokeswoman said on Wednesday. “We have successfully evacuated and shut-in both the Shenzi and Neptune facilities,” said BHP spokeswoman Judy Dane.

More than half a dozen liquefied natural gas (LNG) tankers were waiting to enter U.S. export plants in the Gulf of Mexico as Hurricane Delta marches toward the Gulf Coast. Most tankers were located outside of Cheniere Energy Inc’s Sabine Pass and Cameron LNG’s Cameron plants in Louisiana, according to data from Refinitiv. There were […]

HOUSTON – Royal Dutch Shell Plc plans to keep its 227,400 barrel-per-day (bpd) Norco, Louisiana, refinery operating through Hurricane Delta’s landfall late this week, sources familiar with plant operations said on Wednesday. Shell could change its plans depending on changes in the forecast intensity and path of Delta, the sources said. Shell cut production at […]

Exxon Mobil Corp on Wednesday said it is closely monitoring Hurricane Delta and all operations are currently normal. Hurricane Delta is expected to gather strength and hit the Gulf of Mexico later in the day.

WASHINGTON – The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc’s Google from a long-running lawsuit by Oracle Corp accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world’s smartphones. The shorthanded court, down one justice following last month’s death […]

Tesla Inc TSLA.O has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal email seen by Reuters. The company’s shares were up 3.6% at $428.86. Tesla said in January that 2020 vehicle deliveries should comfortably exceed 500,000 units, a forecast the company has left unchanged […]