Chevron has evacuated non-essential personnel from its platforms in the Gulf of Mexico as tropical storm Debby approaches, but the impact on production remains unclear.
Chevron has removed all non-essential personnel from two platforms in the Gulf of Mexico ahead of tropical storm Debby, which is on its way there. “There has been no effect to production at our Chevron -operated assets due to the tropical weather,” the company said in a statement as quoted by Reuters.
The effect of the Chevron news on prices remains uncertain as does the effect that Debby would have on oil production in the Gulf. A month ago, benchmarks fell when Beryl made landfall because it caused almost no damage to production and refining operations. The fact that there is no large-scale evacuation effort among operators suggests there will be no effect of the latest storm on Gulf production.
Gulf Of Mexico Tropical Storm Debby Oil Production Evacuation Hurricane Permian Basin Energy Earnings
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