Rita Damages Oil Exploration
There could be many cold winters coming along with even higher gas prices. From the Financial Times,
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Hurricane Rita has caused more damage to oil rigs than any other storm in history and will force companies to delay drilling for oil in the US and as far away as the Middle East, initial damage assessments show.rita katrina oil[...]
aid Tom Marsh of ODS-Petrodata. “The path Katrina took was through the mature areas of the US Gulf where there are mainly oil [production] platforms. Rita came to the west where there is a lot of [exploratory] rig activity.”
[...]
Initial reports from companies are ominous. Global Santa Fe reported it could not find two of its rigs. Rowan Companies reported four rigs damaged, with two having moved, one losing its “legs” and the fourth presumed sunk. Noble has four rigs adrift, with two run aground one into a ChevronTexaco platform.
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- Rita Damages Oil Exploration
Posted by movermike on
Wednesday September 28, 2005 at 11:40am
