Harvey's aftermath
The Gulf Coast is now a force on global oil and gas markets, making the hurricanes that regularly ravage the region a greater threat to supply
The flooding has finally receded. The cleanup has begun. Houston, America's oil capital, and much of Texas will be counting the cost of Hurricane Harvey in the months and years to come. Energy markets too are taking stock of the damage. Harvey took aim at the heart of the American energy complex, which has undergone a building boom since the last major storm hit the region a decade ago. Billions of dollars have been spent on new pipelines, pumping stations, refining facilities, ports, liquefied natural gas export plants and oilfields to link surging output with markets at home and abroad. It has turned the Gulf Coast into a vital hub of production and refining for the global oil and gas trad
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
