Oil and gas companies brace for Tropical Storm Isaac

By David Tanner, Land Line associate editor | 8/27/2012

Oil and gas companies have evacuated more than half of the nearly 600 manned platforms along the Gulf Coast as the region braces for Tropical Storm Isaac.

The Bureau of Safety and Environmental Enforcement reported on Monday, Aug. 27, that 78 percent of the current daily oil production in the Gulf of Mexico has been “shut in” – a standard procedure that includes the closing valves and other precautions to ensure oil and gas are not released into the environment once the personnel are evacuated.

The enforcement bureau is packaging reports from 62 oil and gas companies in its daily updates.

The U.S. Energy Information Administration has posted a map to show energy resources, including oil and gas producers, in Isaac’s anticipated path.

Four refiners including Marathon, Chevron, Phillips 66 and BP have shut in 1.1 million barrels per day of production, Reuters reported.

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