Natural disasters caused $268 billion of global economic losses in 2020 and insurance covered only a small portion of that amount.
It is an interesting predicament in the weather community when the official baseline for forecasts creates more ambiguity than certainty. DTN Chief Meteorologist Jim Foerster explains.
A cyclone (Greek Kyklon, meaning moving in a circle, whirling around) is a general term used by meteorologists for a low-pressure system. These systems feed off the energy from warm seas in the tropics or subtropics. The rotation of the cyclone is counter-clockwise in the northern hemisphere and clockwise in the southern hemisphere.
DTN expert meteorologists are providing daily updates to keep restorations crews, first responders and others safe during recovery efforts . Watch the videos to see developing weather events.
Ida continues to strengthen, along with concern about explosive development shortly before landfall. Chief Meteorologist Jim Foerster provides more detail.
Companies with offshore and onshore energy assets are bracing for the arrival of Hurricane Ida, whose projected path poses the biggest tropical threat so far this season for the oil and gas industry.
Severe weather continues to be a major thorn in the side of utility companies, and climate change has only increased the challenges in recent years. The resulting power outages have a devastating effect, shutting down schools and businesses and even slowing down emergency services.
Even though the tropical storm is still developing, offshore operators are beginning to evacuate. Chief meteorologist Jim Foerster explains why the storm is a threat.
Wildfires have significant environmental and economic impacts, particularly in the western region of the U.S. where the typical wildfire season is becoming longer, primarily because of warmer springs and very dry summers, both of which contribute to drier soils and vegetation.
Peak hurricane activity in the Atlantic is just a few weeks away. For oil and gas market participants, it’s time to take a serious and detailed look at how this is likely to impact markets.