XOM - Phillips 66 pauses full Lake Charles restart ahead of Hurricane Delta
Offshore production facilities and onshore refineries are accelerating preparations for Hurricane Delta, which is forecast to intensify into a powerful, Category 3 storm as it crosses the Gulf of Mexico on its way to a likely Friday landfall in Louisiana.Oil producers have evacuated 183 offshore facilities in the U.S. Gulf of Mexico and halted 1.48M bbl/day of oil as well as 1.33B cf/day of natural gas production, according to the U.S. Bureau of Safety and Environmental Enforcement.Phillips 66 (PSX) says it has delayed a complete restart of its 260K bbl/day Lake Charles, La., refinery until Delta passes; the plant was shut in August ahead of Hurricane Laura's landfall.Murphy Oil (MUR) says it has evacuated and shut some of its assets in the Gulf as a precaution.Royal Dutch Shell ([[RDS.A]], [[RDS.B]]) reportedly plans to keep operations going at its 227K bbl/day Norco, La., refinery through Delta's landfall.Exxon Mobil (XOM) says it
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Phillips 66 pauses full Lake Charles restart ahead of Hurricane Delta