• 2 hours Thanksgiving Gas Prices At 3-Year High
  • 6 hours Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 8 hours South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 12 hours Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 12 hours Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 13 hours Iraq Steps In To Offset Falling Venezuela Oil Production
  • 15 hours ConocoPhillips Sets Price Ceiling For New Projects
  • 3 days Shell Oil Trading Head Steps Down After 29 Years
  • 3 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 3 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 3 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 3 days Venezuela Officially In Default
  • 4 days Iran Prepares To Export LNG To Boost Trade Relations
  • 4 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 4 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 4 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 4 days Rosneft Announces Completion Of World’s Longest Well
  • 4 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 5 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 5 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 5 days Santos Admits It Rejected $7.2B Takeover Bid
  • 5 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 5 days Africa’s Richest Woman Fired From Sonangol
  • 5 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 5 days Russian Hackers Target British Energy Industry
  • 5 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 6 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 6 days Lower Oil Prices Benefit European Refiners
  • 6 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 6 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 6 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 6 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 7 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 7 days OPEC To Recruit New Members To Fight Market Imbalance
  • 7 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 7 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 7 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 7 days GE Considers Selling Baker Hughes Assets
  • 7 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 7 days Saudi Aramco To Invest $300 Billion In Upstream Projects

Breaking News:

Thanksgiving Gas Prices At 3-Year High

Gulf Of Mexico Platform Fire Put Out, Production Shut-In

Fire on Offshore rig

The fire on a Gulf of Mexico platform off the Louisiana coast has been put out and no pollution has been detected, the U.S. Coast Guard said, as quoted by media.

The platform is the property of Renaissance offshore LLC, which has now suspended production on it and also on a second platform in the area, the company said in a statement, adding that the 17 wells from which the two platforms pumped crude have been shut in and all workers evacuated.

Both Renaissance Offshore and government agencies said that no oil leakage had been detected either from the platform or the wells underneath it.

The platform, located about 80 miles south of Grand Isle, caught fire in the early morning yesterday, which led to the evacuation of the crew of four that was onboard the facility.

The crew, Renaissance’s statement said, tried to put out the fire themselves but after it became clear their efforts would not be sufficient, they were evacuated by a supply vessel, the Mary Wyatt Milano, which then, together with another three vessels, fought the fire.

All platform operators in the Gulf of Mexico are extremely sensitive to any such incidents, after the place became the scene of the worst environmental catastrophe in the history of U.S. oil in 2010, when a fire took down the Deepwater Horizon, operated by BP, and led to the spilling of millions of gallons of crude, affecting ecosystems and the local economy alike.

The disaster cost the oil major upwards of US$62 billion in fines and settlements and prompted environmental authorities in the U.S. to draft new regulation, tightening the rules of conduct for platform operators.

When the draft was first released, last summer, it caused an outcry among oil producers, who protested that it would increase their production costs in a way and to an extent that is unjustified.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News