About 12% of Oil Production in Gulf of Mexico Shut-in

People inspect their damaged house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. (Photo by CHANDAN KHANNA / AFP)
People inspect their damaged house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. (Photo by CHANDAN KHANNA / AFP)
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About 12% of Oil Production in Gulf of Mexico Shut-in

People inspect their damaged house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. (Photo by CHANDAN KHANNA / AFP)
People inspect their damaged house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. (Photo by CHANDAN KHANNA / AFP)

About 12% of current oil production and 6.04% of the current natural gas production in the Gulf of Mexico is shut-in due to storm Helene, the Bureau of Safety and Environmental Enforcement said in a statement on Saturday.

Authorities across the southeastern United States faced the daunting task on Saturday of cleaning up from Hurricane Helene, one of the most powerful and perhaps costliest to hit the country.

Damage estimates across the storm's rampage range between $95 billion and $110 billion, potentially making this one of the most expensive storms in modern US history, said chief meteorologist Jonathan Porter of AccuWeather, a commercial forecasting company.
Downgraded late on Friday to a post-tropical cyclone, the remnants of Helene continued to produce heavy rains across several states, sparking massive flooding that threatened to cause dam failures that could inundate entire towns.



Ceer Signs MoU with EVIQ to Enhance EV Driving Experience in Saudi Arabia

Ceer, Saudi Arabia’s first electric vehicle (EV) brand
Ceer, Saudi Arabia’s first electric vehicle (EV) brand
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Ceer Signs MoU with EVIQ to Enhance EV Driving Experience in Saudi Arabia

Ceer, Saudi Arabia’s first electric vehicle (EV) brand
Ceer, Saudi Arabia’s first electric vehicle (EV) brand

Ceer, Saudi Arabia’s first electric vehicle brand, has signed a memorandum of understanding with Electric Vehicle Infrastructure Company EVIQ to support the EV ecosystem in the Kingdom by providing a reliable charging infrastructure and innovative solutions for drivers.
"Our role at Ceer is not limited to building EVs with global standards; we are also committed to offering an exceptional experience to EV owners in the Kingdom. We are excited to partner with EVIQ to ensure a smooth and comfortable driving experience for EVs across the Kingdom,” said Ceer CEO Jim DeLuca.
This partnership marks a significant step towards achieving the Saudi vision of building an automotive industry and promoting a sustainable transportation future. By combining Ceer's commitment to delivering advanced Saudi-made EVs with EVIQ's goal of establishing an efficient EV network, this collaboration paves the way for a seamless transition to EVs throughout the Kingdom.