Offshore Rig Assessment Begins

Thursday, September 01, 2005
As the extent of the damage to offshore oil facilities in the Gulf of Mexico slowly slowly started to emerge after Hurricane Katrina's passage, oil prices rose above $70 a barrel, according to a report in the New York Times.

The hurricane, one of the most severe storms ever to hit the United States, crippled the nation's foremost oil-producing region at the worst possible time for American and global energy markets. It will probably take days or even weeks before the full extent of the damage is fully revealed. Repairs are likely to drag on for months.

Most of the oil and gas production from the Gulf of Mexico remained shut off Tuesday. The region accounts for nearly a third of domestic oil production and a fifth of its natural gas output.

The Coast Guard said that its crews flying over the gulf had spotted several sunken platforms and rigs. The destruction was often accompanied by oil spills.

Offshore platforms were damaged by Katrina's winds and waves, and some had snapped out of their moorings and were drifting away; 10 refineries, accounting for 10 percent of the nation's capacity, were shut down and remained without power Tuesday; strategic pipelines linking the gulf to key markets in the rest of the country were still closed because they too lacked power.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Offshore

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

 
 
Maritime Security Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0894 sec (11 req/sec)