Story
Tropical Storm Bertha Moves Inland, Affecting Gulf of Mexico Oil Operations

Summary
Tropical Storm Bertha has moved ashore near the Texas-Louisiana border, prompting energy firms like Chevron and BP to take precautionary measures at their offshore oil and gas platforms.
Tropical Storm Bertha has moved inland along the U.S. Gulf Coast, leading major energy companies to adjust operations at offshore oil and gas platforms as a precautionary measure against the storm's impact.
Storm Details
The U.S. National Hurricane Center (NHC) reported Thursday that the storm was located near the Texas-Louisiana border, approximately 75 miles (121 km) from Galveston, Texas. Bertha carried maximum sustained winds of 45 miles per hour (75 kph) and was spreading heavy rain across coastal areas.
A tropical storm warning remains in effect for the Gulf Coast from Morgan City, Louisiana, to Sargent, Texas. According to the NHC, Bertha is expected to weaken and dissipate within a day or so as it moves further inland.
Impact on Energy Operations
AdThe storm's path through the energy-rich Gulf of Mexico prompted preemptive actions from oil producers. The region is a critical hub for U.S. offshore oil and gas production, and operators closely monitor any weather-related threats to personnel and infrastructure.
Key operational updates from energy firms include:
- Chevron stated earlier this week it had shut in production at its Petronius facility and evacuated personnel from the platform as a precaution.
- BP announced on Thursday that it is returning non-essential personnel to its Thunder Horse and Na Kika platforms after having removed them earlier in the week.
Read next
More on Stocks
River Cruise Industry Can Adapt to Climate Change Risks, Bernstein Says
Bernstein analysts report that while European river cruises face more frequent disruptions from low water levels due to climate change, the industry has sufficient adaptation strategies to ensure its long-term viability.

Aramco Reportedly Explores Standalone Gas Unit With Potential $100 Billion Valuation
Saudi Aramco is reportedly considering a major restructuring to create a standalone natural gas division, which could be valued at over $100 billion and potentially be listed or sold to new investors.

Apple Ordered to Pay Record $5.7 Billion in Haptic Patent Case, Plans to Appeal
A U.S. jury found Apple's Taptic Engine infringed on two patents held by Taction, ordering a landmark $5.7 billion payment. The tech giant has stated it will appeal the verdict.

Northern Star Rejects Takeover Overture From Gold Fields, Bloomberg Reports
South Africa's Gold Fields Ltd. recently approached Australia's Northern Star Resources about a potential acquisition, but the offer was rejected, according to a report. The move comes as Northern Star faces pressure from an activist investor and deals with operational challenges.