It … Carlie Kollath Wells is a morning reporter at NOLA.com and The Times-Picayune | The New Orleans Advocate. Eta could be near hurricane strength Wednesday night as it approaches the west coast of Florida. Systems are named once they strengthen into a tropical storm. The August drop was caused by Hurricane Marco and Hurricane Laura, according to the Energy Department, which has not yet released stats for September and October. The auction brought $121 million in bids, well above the $93 million in bids received during a March sale. All Rights Reserved, This is a BETA experience. (Image via National Hurricane Center). There was a problem saving your notification. Tropical Storm Theta weakened slightly in the Atlantic, forecasters said Wednesday morning. ORLANDO, Fla. – It has been a very busy hurricane season in the Atlantic Basin as a whole, but when you focus on the sliver that is the Gulf of Mexico, the word historic comes to mind. This hurricane season is the most active in terms of named storms since record-keeping started in 1851. It's about 740 miles southwest of the Azores and is moving northeast at 8 mph. Shown in this 2012 photo, it is located in the Gulf of Mexico 200 miles southwest of Houston. A tropical depression is likely to form late this week or this weekend in the Caribbean Sea, forecasters said. Eta has strengthened into a hurricane yet again, forecasters said Wednesday morning. Alberto was the first named storm to form during May in the Atlantic basin since Arthur in 2008. Central Pacific Hurricane Center 2525 Correa Rd Suite 250 Honolulu, HI 96822 The storm now has winds of 65 mph, and slow weakening is expected during the next 48 hours. The Associated Press contributed to this story. The National Hurricane Center releases a track when a tropical depression develops or is about to develop. Forecasters also are tracking two other systems: Tropical Storm Theta in the Atlantic and a disturbance in the Caribbean. Rapid weakening is expected after landfall on Thursday, with Eta forecast to cross Florida and enter the Atlantic as a tropical depression on Friday. Dominates New Oil And Gas Production, IEA Sees Oil Demand Suffering Long-Lasting Blow From Coronavirus. Watches and warnings are in effect for parts of Florida related to Hurricane Eta. Other questions:subscriberservices@theadvocate.com. Forecasts call for more rain from the system over parts of already drenched south Florida. On the forecast track, the center of Eta will move closer to but still offshore of the southwest coast of Florida on Wednesday, approach the west-central coast of Florida on Wednesday night, and move inland over the northern portion of the Florida peninsula on Thursday. No coastal watches or warnings are in effect. Dominates New Oil And Gas Production (Forbes), IEA Sees Oil Demand Suffering Long-Lasting Blow From Coronavirus (Bloomberg), I'm a New Orleans-based news reporter for Forbes covering the U.S. South and breaking news. That is the largest monthly production drop-off since September of 2008, another month when the Gulf coast took blows from hurricanes. Hurricane Eta is seen on satellite Wednesday morning, Nov. 11, 2020, in the Gulf of Mexico. The storm first hit Nicaragua as a Category 4 hurricane and killed nearly 70 people from Mexico to Panama, before moving into the Gulf of Mexico early … It's too early to tell where it could go if it develops. Tropical storm-force winds are expected in parts of Florida by late Wednesday, forecasters said, and life-threatening storm surge is possible early Thursday. The storm is expected to make landfall Thursday in Florida and poses no immediate threat to Louisiana. President Donald Trump’s administration just completed its final sale of oil and gas leases for the Gulf of Mexico. Sign up for breaking newsletters. Regardless of development, forecasters said this system is expected to bring heavy rainfall along with possible flash flooding to the Virgin Islands, Puerto Rico and portions of Hispaniola over the next day or so. Oil demand has taken a historic plunge during the Covid-19 pandemic, as many workers have eliminated daily commutes and worked at home. The International Energy Agency estimates oil usage will not return to pre-pandemic levels until 2023. On May 18, a non-tropical area of low pressure formed from a stationary front offshore the Carolinas, becoming stationary just offshore of South Carolina while producing organized convective activity over the next day. (Photo by Gary Tramontina) (Photo by Gary Tramontina/Corbis via Getty Images). Email notifications are only sent once a day, and only if there are new matching items. Follow our Hurricane Center Facebook page. Production is now much more focused on shale, especially in the Permian Basin of west Texas. You may opt-out by. I'm a news reporter for Forbes, primarily covering the U.S. South. According to the Energy Department, the Gulf of Mexico accounts for 17% of American crude oil production, while Texas produced 41.4% of American crude oil in 2019. In about 8,000 feet of water, Shell's Perdido offshore drilling and production platform is the ... [+] world's deepest offshore rig. It is expected to move west over the next several days. As of 9 a.m. Wednesday, Hurricane Eta was about 115 miles southwest of Port Charlotte, Fla., and about 145 miles southwest of Tampa, Fla. Hurricane Michael formed southeast of the Yucatán Peninsula on October 1, 2018, strengthened into a named storm on October 7, and then made landfall as a Category 5 hurricane near Mexico … Don't miss a storm update this hurricane season. Aug 28, 2012, Hurricane Isaac Category 1 (95 miles from New Orleans) Oct 29, 1998, Hurricane Mitch Category 1 (northern Honduras) Sep 24, 2005, Hurricane Rita Category 3 (TX-LA border) Oct 4, 1995, Hurricane Opal Category 3 (Pensacola Beach, Fl) Follow our Hurricane Center Facebook page. The price of oil remained relatively steady in the low $40s per barrel despite the consistent hurricane threat Gulf of Mexico production faced during late summer and into fall. It quickly gained tropical characteristics over the warm waters of the Gulf Stream, and by 1200 UTC on May 19, the system became Tropical Storm Alberto. It's moving northeast at 10 mph, forecasters said. There have been 30 storms, and the latest one—Iota—was the strongest so far, reaching Category 5 strength before slightly weakening to a 155 mph Category 4 as it slammed into Nicaragua Monday night.

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