Energy Prospectus

Exxon restores stable power at Beaumont, Texas, refinery; preps restart - sources . Reuters . Exxon Mobil Corp restored stable power to its 369,024-barrel-per-day (bpd) Beaumont, Texas, refinery on Thursday as it prepares to restart production units, said sources familiar with plant operations. An Exxon spokesman said the refinery remained shut on Thursday.

Oil and gas industry assesses damage at refineries, plants . Associated Press . The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday. Oil and gas producers evacuated platforms and rigs in the Gulf of Mexico and companies shut down refineries in the storm's path. More than 900,000 customers were without power in Louisiana, Texas and Arkansas, according to the website PowerOutage.Us, which tracks utility reports.

Texas oil regulator stands by to assist with Laura-related leaks or spills . WorldOil . The Railroad Commission is monitoring the impact of Hurricane Laura in Texas and is ready to respond to any emergencies caused by the hurricane. Inspectors are ready to respond to reports of leaks or spills or other issues in oil and gas operations, pipelines, natural gas utilities, liquified petroleum gas (LP-gas), and coal and uranium surface mining operations.

LOUISIANA

Here's how the Louisiana petrochemical industry held up after Hurricane Laura, offshore . The Advocate . Major operators of oil, gas and chemical plants and pipelines in the path of Hurricane Laura appeared to have just limited damage Thursday, with the exception of a leak and chemical fire reported at a chlorine production plant just west of Lake Charles.

Gulf of Mexico energy industry largely dodges Hurricane Laura. The concentration of energy assets along the Texas and Louisiana coast more or less avoided the worst-case scenario from Hurricane Laura. “The damage is not as bad as anticipated, which is creating more sell pressure along the energy complex,” said Phil Flynn, senior market analyst at Price Futures Group. More than 80 percent of oil output in the Gulf of Mexico and almost 3 million barrels a day of refining capacity had been shut ahead of the storm, most of which should come back online fairly quickly.

Oil and gas exports impacted. Laura shut-in some LNG operations, and gas exports are set to fall to about 2.1 bcf on Thursday, the lowest level since February 2019. Oil exports are expected to drop by nearly 1 mb/d this week.