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10/8/2018, 10:51 PM (Source: TeleTrader)
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Hurricane prompts BHP, Equinor to shut platforms

As Hurricane Michael was passing near the western tip of Cuba toward the southeastern Gulf of Mexico on Monday, BHP Billiton Plc was evacuating the Shenzi and Neptune facilities. The company, traded as BHP Billiton Ltd. in Sydney, said it opted for a shutdown as a precaution.

The National Hurricane Center warned the hurricane would make landfall over the Florida Panhandle or Florida Big Bend area in two days and continue to the northeast. Analysts are monitoring the storm and calculating whether it may reach category three, two grades up from now. Equinor ASA, formerly Statoil ASA, has announced its personnel is being transported from the Titan oil platform.

Authorities have said the event has shut almost a fifth of oil production and more than one tenth of gas volumes in the Gulf of Mexico. Evacuation was announced at ten platforms. Hess, Shell and Anadarko acknowledged they were still assessing the situation. Winds and water may block operations at fossil fuel terminals in Mississippi, Alabama and Florida.

Baha Breaking News (BBN) / IT