AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Tropical Storm Isaac closed in on the US Gulf of Mexico coast on Monday, triggering some mandatory evacuation orders and disrupting US offshore oil production as it threatened to make landfall between Florida and Louisiana as a full-blown hurricane.
The large, slow-moving storm swiped south Florida on Sunday before moving into warm Gulf waters. It was expected to gain hurricane force by Tuesday and could reach land Tuesday night or early Wednesday, the anniversary of devastating Hurricane Katrina seven years ago.
The US National Hurricane Center warned coastal residents of potentially life threatening flooding, or storm surge, from Isaac totalling up to 12 feeet (3.6 meters) in some areas "The weather will start going downhill overnight tonight on the northern Gulf Coast," NHC director Rick Knabb told reporters on a conference call. "Wherever it is people are going to be during the storm, they need to get there tonight."
Issac could potentially take direct aim at New Orleans, which is still struggling to fully recover from Katrina which swept across the city on August 29, 2005, killing more than 1,800 people and causing billions of dollars of damage along the coast. "It is quite ironic that we have a hurricane threatening us on the seventh anniversary of Katrina," New Orleans Mayor Mitch Landrieu told a news conference.
"That brings a high level of anxiety to the people of New Orleans," he added. "I want to tell everybody now that I believe that we will be OK." At 2 pm EDT (1800 GMT), Isaac was about 280 miles (450 km) south-east of the mouth of the Mississippi River with top sustained winds of 65 mph (100 kph) and moving north-west at 14 mph (24 kph). It was expected to be centered over the Gulf Coast no later than early on Wednesday.
The governors of Louisiana, Mississippi and Alabama all declared states of emergency on Sunday as a hurricane warning went into effect for the northern Gulf Coast from Louisiana to the Florida Panhandle. Mandatory evacuation orders went into effect on Monday for residents of several low-lying districts outside New Orleans and its new flood-protection system. Heavily populated parts of Mobile, Alabama, were also evacuated, where city workers went door-to-door to warn residents.
Energy producers in the Gulf worked to shut down some of their operations ahead of what could be the biggest test for US energy installations since 2008, when Hurricanes Gustav and Ike disrupted offshore oil output for months and damaged onshore natural gas processing plants, pipelines and some refineries. Isaac also prompted the closure of the ports of Mobile and New Orleans on Monday and suspended all barge traffic along southern portions of the Mississippi River.
Gulf residents started stocking up on supplies and securing their homes. In New Orleans, which sits below sea level, long lines formed at some gas stations and in Gulfport, Mississippi, people crowded supermarkets to buy bottled water and canned food. A bumper-to-bumper stream of vehicles could be seen leaving New Orleans on the I-10 highway heading west toward Baton Rouge on Monday afternoon, as motorists made their way to higher ground. At Mandina's Restaurant, a popular New Orleans eatery flooded by eight feet (2.4 meters) of water during Katrina, fourth-generation owner Cindy Mandina said she was nervous.
"We're going to hold tight and hope for the best," Mandina said, as she prepared to close up ahead of the storm. "Pre-Katrina, you'd never close, you'd stay open, maybe lose power and then reopen as soon as possible," she said. Colonel Edward Fleming, commander of the US Army Corps of Engineers overseeing New Orleans flood protection, said massive improvements to the system put the city in a far better place than it was seven years ago.
But in low-lying Placquemines Parish, which could be the first to be lashed by Isaac's winds and storm surge, workers scrambled to stack sandbags and reinforce levees. The parish, which stretches south-east from New Orleans, is cut in two lengthwise by the Mississippi River as it flows to the Gulf of Mexico. Much of the area lies outside the greater New Orleans levee system, and construction projects to bolster protection are not yet complete.
"We signed an agreement with the (Army Corps of Engineers) 30 days ago for over a billion dollars of work," said Plaquemines Parish President Billy Nungesser. "We're really worried about the storm surge, we really need a few more years before we see an event like this." In its advisories on Monday, the NHC said the storm was not expected to strengthen beyond Category 1, the weakest type on the five-step Saffir-Simpson scale of hurricane intensity.

Copyright Reuters, 2012

Comments

Comments are closed.