
Projected track of Tropical Storm Zeta in the U.S. Gulf of Mexico as of Oct. 26. (Source: NOAA)
[Editor’s note: This story was updated at 3:08 p.m. CT Oct. 26.]
Oil producers on Oct. 26 cut 16% of offshore production and pulled workers off platforms in the U.S. Gulf of Mexico (GoM) as the 27th named storm of the season strengthened into a hurricane.
The storm was 105 miles (170 km) southeast of Cozumel, Mexico, packing maximum sustained winds of 80 miles per hour (130 km per hour) shortly after 2 p.m. CDT (19 GMT). It could approach the northern Gulf Coast at or near hurricane strength on Oct. 28, the U.S. National Hurricane Center said.
BP Plc and Equinor ASA withdrew workers and shut their offshore production platforms, spokespeople said, as Zeta steamed toward Mexico's Yucatan Peninsula. The hurricane is forecast to sweep across the resort area on Oct. 26 and churn through GoM oil fields.
Energy producers shut 16%, or 293,656 bbl/d of oil and 6% of natural gas output, or 162.57 MMcf/d by midday on Oct. 26, the U.S. offshore energy regulator said.
BHP Group Ltd. and Chevron Corp. began withdrawing staff from their U.S. GoM offshore facilities. Royal Dutch Shell Plc paused some drilling and limited non-essential staff movement to its platforms, but had not halted production, it said in a statement.
Occidental Petroleum Corp., the third-largest producer in the offshore GoM, is implementing storm preparations, according to its website.
It has been a challenging year for GoM oil and gas producers, with companies having to withdraw workers and halt output at least six times as storms churned through the Gulf's offshore production region.
U.S. GoM offshore oil production accounts for about 17% of total U.S. crude oil output and 5% of total U.S. dry natural gas production.
If Zeta strikes the U.S. mainland, it would top the record of 10 named storms to make a U.S. landfall during the span of one hurricane season, set only weeks ago by Hurricane Delta.
Louisiana Offshore Oil Port, the largest deepwater oil export port on the U.S. Gulf Coast, is implementing storm procedures, it said. Oil deliveries to its onshore storage were unaffected.
Mississippi River ports from Baton Rouge to the GoM were open on Oct. 26 but placed on notice for gale force winds from a storm due within 72 hours.
Recommended Reading
One Equity Partners Completes Acquisition of EthosEnergy
2025-01-02 - Private equity firm One Equity Partners said it purchased EthosEnergy to meet the growing maintenance needs of the gas power market.
Enverus Acquires Pearl Street Technologies to Help Bolster Grid
2025-03-13 - The acquisition of the spinout from Carnegie Mellon University strengthens Enverus’ suite of offerings as it expands deeper into power and energy transition solutions, the company says.
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
2025-01-31 - Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
Vitesse Energy Closes $220MM Acquisition of Bakken Pureplay Lucero
2025-03-07 - Vitesse Energy Inc. agreed to purchase Bakken E&P Lucero Energy Corp. in December in an all-stock transaction valued at $222 million.
Chevron Buys 15.4MM Shares of Hess Stock on Open Market
2025-03-17 - Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.