27 April 2024
Harvey clean-up could top USD 180 billion as oil and gas industry takes stock
Publication date: 04 September 2017
Gas Strategies Group
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The full impact of Hurricane Harvey on the oil and gas industry in the US Gulf cannot be fully calculated until floodwaters recede, however early indications suggest downstream and midstream infrastructure took the brunt of the damage.
News is slowly filtering through, with Texas governor Greg Abbott announcing on Sunday that the Harvey repair bill could top USD 180 billion, potentially making it the most expensive storm in US history.
Oil and gas companies operating in the region have reported mixed fortunes ...