Producers, Oilfield Services Assess Katrina’s Carnage; Entergy Calls Storm ‘Worst’ in History

Energy producers and power companies Tuesday began to consider the monstrous aftermath of Hurricane Katrina, but power outages, rising water and oilfield service problems hampered any hope for quick assessments. The power outages could last up to a month or longer, and oil and natural gas companies warn it may take days, and perhaps weeks, to realize the full impact of the mighty storm.

August 31, 2005

Dennis Menaces Eastern Gulf; Producers Evacuate, Shut In Production

Only three hurricanes in U.S. recorded history have reached the monstrous Category Five classification (winds greater than 155 mph). Dennis was making a strong bid to become the fourth as it took aim on the Eastern Gulf of Mexico (GOM) on Friday, packing 150 mph winds. It made landfall along the south-central coast of Cuba Friday afternoon and was expected to enter the southeastern Gulf that night.

July 11, 2005

Tennessee Renews LDC Contracts for 80% of Capacity

The dire predictions that natural gas pipelines will be burdenedwith monstrous amounts of unsubscribed capacity as they enter thenew millennium don’t appear to be coming true. First Natural GasPipeline Co. of America reported it had sold out 99% of itstransportation capacity, and Tennessee Gas Pipeline announced lastweek it has sold out 80% of its 5.9 Bcf/d capacity for servicebeginning Nov. 1 of next year.

November 22, 1999

BP Amoco Sets Reorganization, Job Cuts

Continuing to work through the monstrous merger completed amonth ago, BP Amoco centralized its power last week by choosing theWestlake complex in Houston as its exploration and productionheadquarters, then revealing a 1,400 person job cut at the complex.Company officials said the jobs were lost due to duplication andcommodity price reasons. Overall, BP Amoco plans to lay off 1,600workers in Texas by the end of the first quarter.

February 1, 1999