• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 hour Saudi Arabia turns to solar
  • 5 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 21 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 15 hours Could oil demand collapse rapidly? Yup, sure could.
  • 10 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 3 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 16 hours Gazprom Exports to EU Hit Record
  • 16 hours OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
  • 5 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 12 hours U.S. Withdraws From U.N. Human Rights Council
  • 20 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours What If Canada Had Wind and Not Oilsands?
  • 14 hours "The Gasoline Car Is a Car With a Future"
  • 1 day EVs Could Help Coal Demand
  • 9 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 15 hours Sell out now or hold on?
5 Companies To Watch As Tech Takes Aim At The Finance Industry

5 Companies To Watch As Tech Takes Aim At The Finance Industry

The fintech revolution has accelerated…

The Fed Is Driving Down Oil Prices

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

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