Major advancements in technologies have allowed the oil, gas and renewable energy sectors to expand offshore, but good ol' Mother Nature continues to keep the industry grounded.
Serious weather not only affects offshore drilling and installations, but it also can shut-in production and affect refineries and transmission. Power lines are regularly snapped from serious storms, and an unbelievable heat wave has ramped up temperatures and strained the power grid in the northeastern US.
The 2010 Atlantic hurricane season is heating up with the first two storms rolling through the Gulf of Mexico. Hurricane Alex hit last week as a Category 2, and a tropical depression is now threatening to become Tropical Storm Bonnie.
These storms have shut-in production and stalled efforts at the blown-out Macondo well.
While we usually look to the Gulf of Mexico to produce hurricanes this time of year, adverse weather has been tearing through another part of the world, as well.
Investors and industry insiders who have been eagerly awaiting the results of the Falkland Oil & Gas Limited (LON:FOGL) drilling at the Toroa prospect in the South Atlantic will have to wait some more.
While results from the well were expected this week, adverse weather has delayed the drilling operations on the Toroa F61/5-1 exploration well. Expected to take 35 days, the exploration well was spud on May 31.
Targeting a total depth of 2,700 meters, FOGL reported that drilling is not yet complete because of adverse weather and "minor operational issues."
Stay tuned to PennEnergy and its daily Global Offshore Weather Reports powered by ImpactWeather to learn the latest information about weather systems worldwide.
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