Tag Archive for: oilandgasoperations

US to keep approving oil and gas permits during government shutdown, Interior Dept says, to support Trump’s energy push.

US to continue oil and gas permitting during government shutdown

The US will continue to permit some oil and gas operations even if a government shutdown that began on Wednesday still lingers, according to statements and plans from federal agencies.

The federal government ground to a halt as funding lapsed while Republicans and Democrats fought over spending plans, particularly subsidies for health care coverage, Reuters reported.

In a statement, the Department of the Interior (DoI) said it will continue to push oil and gas permits forward as part of President Donald Trump’s drive for greater domestic production. The agency will also keep federal public parks open and will maintain active law enforcement and wildfire protection units in those spaces.

DoI oversees management of public lands and federal waters across the US. It has three bureaus that help with that effort: the Bureau of Land Management (BLM) for onshore operations, and the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety & Environmental Enforcement (BSEE) for offshore activities.

BLM plans

BLM, which manages 245 million acres of public land and 700 million acres of sub-surface mineral estate in the US, will continue permitting and inspections for oil and gas operations, according to a shutdown contingency plan published by the agency.

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Source: upstream

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Atlantic Hurricane Season

Atlantic Hurricane Season 2024: Oil & Gas Impact

With Hurricane Milton making landfall in the early hours of Thursday 10th October (EST). These are the two most significant hurricanes to make landfall so far. Francine and Helene have already impacted oil and gas operations in the Gulf of Mexico. Now, the inland United States. So what are the impacts of Atlantic Hurricane Season?

As analysts were gauging the many ways in which these hurricanes will affect oil and gas. Three different aspects of this can be considered. Tracking storm paths, shut-ins in production, and assessment of recovery timelines.

As of Tuesday evening (8th October), Hurricane Milton has strengthened once again. With that, agencies across the US, including a direct message from the White House itself, have said the hurricane could be the worst to hit Florida. President Biden addressed the issue by stating “evacuations are a matter of life and death”. It is in a stark warning to the residents of Florida. There are also official reports suggesting it has the potential to be the worst hurricane in a century to hit the US. The state agencies also say, “some areas”, of the storm surges will be “not survivable”.

The Closures

Further closures have been made to oil and gas facilities including Kinder Morgan’s Central Florida Pipeline systems. This carry gasoline and diesel between Orlando and Tampa. In addition to this, due to Tampa’s coastal position, Kinder Morgan have closed all bulk-fuel delivery terminals. Refiner Citgo has also followed suit and shut down its Tampa terminal, along with Buckeye, who have suspended Orlando based operations.

As of now there is not much that can be said until landfall takes place, and impact assessments can be made. For now, wind speeds will reach 160 mph at their peak, and storm surges are expected to be around 12-15 feet. With business insider already reporting US natural gas futures have fallen by 8% in recent days, this serves as an indicator of how serious hurricanes have become, not just bringing natural catastrophe and humanitarian disaster, but also increased economic shock felt domestically, and globally.

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Source: Energy Monitor

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