Hurricane Francine: a fifth of the Gulf of Mexico's oil production still locked in
The storm developed into a full-blown hurricane at the end of last week, with Francine being the sixth named weather event this year.
The storm developed into a full-blown hurricane at the end of last week, with Francine being the sixth named weather event this year.
Hurricane Francine made landfall last Wednesday on the Louisiana coast, taking some energy infrastructure offline along the US Gulf Coast from Louisiana through Alabama.
AccuWeather’s?preliminary estimate?of the total?damage?and economic loss from Hurricane Francine in the USA is US$9 billion.
The transaction comprises US$461 million in cash and around 10.1 million OpCo units, with the equity portion valued at roughly US$456 million.
SCF Partners, Inc. acquires Newpark Fluids Systems business from Newpark Resources Inc.