Nat Gas News – October 9, 2018

Nat Gas News – October 9, 2018

Oil and Natural-Gas Operators Evacuate Some Gulf of Mexico Platforms as Hurricane Michael Approaches

MarketWatch Reported: Oil and natural-gas operators in the Gulf of Mexico have been taking precautions as Hurricane Michael approaches, evacuating a total of 10 production platforms, or about 1.5% of the 687 manned platforms in the region, the Bureau of Safety and Environmental Enforcement said Monday. Roughly 19% of Gulf oil production and about 11% of natural-gas production have been shut in, the BSEE said. Michael is expected to move across the eastern Gulf Tuesday and inland over Florida Wednesday, according to the National Hurricane Center. For more on this story go to marketwatch.com or click https://on.mktw.net/2ILgRm7.

$1 Billion Natural-Gas Plant Now Open in Lordstown

The Vindicator Reported: Lordstown Energy Center, a 940-megawatt, gas-fueled electricity generation plant, announced today that is has begun commercial operations. LEC uses locally-sourced natural gas to generate energy that serves about 85,000 households. “We are excited to serve customers with this state-of-the-art, environmentally friendly facility,” said Robert Haley, LEC operations director. “Our team is well-equipped and highly trained, and I’m pleased that we have begun 24/7 operations.” For more on this story go to vindy.com or click https://bit.ly/2Nxz8nJ .

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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