Little-Acorn
Well-Known Member
In case you thought the budget was the only thing gridlocked by government.......
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http://yoursinglesourcefornews.com/deep-water-oil-drilling-rigs-leaving-the-gulf-region/1712/
Deep Water Oil Drilling Rigs Leaving the Gulf Region
by Rod Pennington
Faced with uncertainly and a clearly hostile Obama Administration, deep water oil drilling rigs are starting to pack up and move out of the Gulf of Mexico. On Friday, the CEO of Houston area Diamond Offshore, Larry Dickerson, announced, “As a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed.”
Diamond Offshore also announced that the deep water rig “Ocean Endeavor” is leaving immediately for Egypt. Dickerson said. “We greatly regret the loss of U.S. jobs that will result from this rig relocation.”
Devon Energy Corporation, which had been leasing the Endeavor, paid Diamond a $31 million dollar early termination fee to get out of its commitment. There are currently 33 deep water project which are affected by the ban. It is difficult to determine exactly how many jobs will be lost and if the rigs will ever return to American waters. Each rig generally has over 100 jobs on the actual platform at any one time and a large number of support people on shore.
Estimates have run as high as 10,000 high paying jobs could be lost.
In all likelihood this rig moving to friendlier water is just the first of such announcements. With President Obama pushing hard for a six month moratorium of this type of drilling, many other deep water drilling platforms will likely follow. President Obama, despite having already lost twice in the courts to continue the ban, has said his administration needed more time to review and implement new safety standards. He also wants to form a commission to investigate the cause of the April 20th BP oil spill.
Unlike government, businesses need to actually produce something more than the six months worth of talking President Obama is purposing. Congressman Kevin Bradley (R-TX) stated, “There are two types of rigs in the deep-water Gulf today: those that are leaving the country and those that want to, because with this moratorium hanging over their heads, they simply can’t go back to work.” Brady added, “I’m afraid this is the first of many rigs and many American jobs to leave the Gulf.”
Another member of congress, Rep. Pete Olson (R-TX) called for lifting the moratorium, said, “Once the rigs relocate, it could be a minimum of five to 10 years before they return.”
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http://yoursinglesourcefornews.com/deep-water-oil-drilling-rigs-leaving-the-gulf-region/1712/
Deep Water Oil Drilling Rigs Leaving the Gulf Region
by Rod Pennington
Faced with uncertainly and a clearly hostile Obama Administration, deep water oil drilling rigs are starting to pack up and move out of the Gulf of Mexico. On Friday, the CEO of Houston area Diamond Offshore, Larry Dickerson, announced, “As a result of the uncertainties surrounding the offshore drilling moratorium, we are actively seeking international opportunities to keep our rigs fully employed.”
Diamond Offshore also announced that the deep water rig “Ocean Endeavor” is leaving immediately for Egypt. Dickerson said. “We greatly regret the loss of U.S. jobs that will result from this rig relocation.”
Devon Energy Corporation, which had been leasing the Endeavor, paid Diamond a $31 million dollar early termination fee to get out of its commitment. There are currently 33 deep water project which are affected by the ban. It is difficult to determine exactly how many jobs will be lost and if the rigs will ever return to American waters. Each rig generally has over 100 jobs on the actual platform at any one time and a large number of support people on shore.
Estimates have run as high as 10,000 high paying jobs could be lost.
In all likelihood this rig moving to friendlier water is just the first of such announcements. With President Obama pushing hard for a six month moratorium of this type of drilling, many other deep water drilling platforms will likely follow. President Obama, despite having already lost twice in the courts to continue the ban, has said his administration needed more time to review and implement new safety standards. He also wants to form a commission to investigate the cause of the April 20th BP oil spill.
Unlike government, businesses need to actually produce something more than the six months worth of talking President Obama is purposing. Congressman Kevin Bradley (R-TX) stated, “There are two types of rigs in the deep-water Gulf today: those that are leaving the country and those that want to, because with this moratorium hanging over their heads, they simply can’t go back to work.” Brady added, “I’m afraid this is the first of many rigs and many American jobs to leave the Gulf.”
Another member of congress, Rep. Pete Olson (R-TX) called for lifting the moratorium, said, “Once the rigs relocate, it could be a minimum of five to 10 years before they return.”
