Another drilling rig leaves the Gulf.

#1
gsvol

gsvol

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#1
Fuel Fix Another deep-water drilling rig to leave the Gulf of Mexico

Another deep-water drilling rig is leaving the Gulf of Mexico amid a continued slowdown in activity in the U.S. offshore basin following the BP oil spill last year.

Noble Corp. said its rig, called the Noble Paul Ramano, has taken a 180-day contract with Gujarat State Petroleum Corp. Ltd. to drill six wells offshore Egypt, with an option for four additional wells.
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Though the moratorium was lifted in October, regulators have been slow to approve new drilling permits as they factor in new offshore safety and environmental rules.

In response, some oil companies have relocated contracted rigs to other offshore areas including Brazil and Nigeria and offshore drilling contractors have negotiated new contracts elsewhere.
(One went to Libya, don't know haw that worked out.)gs

The exit of the Noble Paul Ramano marks the ninth deep-water rig to leave the Gulf since the BP spill.
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#8
#8
VOLatile said:
BP's fault.
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The inspections were lacking and that is solely on the government.

There is multiple fault all around but the spill is just the left's trump card to finally kill drilling.

What I love is how the just move to south america like a spill there wouldn't impact us at all.
 
#9
#9
NEOCON said:
The inspections were lacking and that is solely on the government.

There is multiple fault all around but the spill is just the left's trump card to finally kill drilling.

What I love is how the just move to south america like a spill there wouldn't impact us at all.
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Whaaa? Now you are just looking for stuff to blame "government" for. There is no responsible company on earth that expects the government to take care of its employees and capital. There is no way that is solely on the government because all of these companies are performing there own inspections. There is no way the government has enough day-to-day interaction with them to actually hold sole responsibility for inspections of on-going work. Ridiculous.
 
#11
#11
TennTradition said:
Whaaa? Now you are just looking for stuff to blame "government" for. There is no responsible company on earth that expects the government to take care of its employees and capital. There is no way that is solely on the government because all of these companies are performing there own inspections. There is no way the government has enough day-to-day interaction with them to actually hold sole responsibility for inspections of on-going work. Ridiculous.
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No. I hold BP accountable too. But the facts are the inspectors are on record for not holding BP's hand to the fire on regulations and that there were major slip ups in the inspections.

It's like this. And I'll be honest. If the Fed's suddenly stopped monitoring the dnc list and didn't enforce the fines I would be calling everyone in america. My job is to make money. If I suddenly know the feds are not enforcing a law and there is more money on the table I am going to go get it. You think I personally care if anyone gets pissed that i call them during dinner? Hell no. I just dont wanna get fined. So I scrub on the front end and then rescrub on the back end to do a double blind. If they stop enforcing the fines, I'm calling everyone. That's business. The feds and bp have fault here.
 
#12
#12
There is a huge difference in the types of regulation here. At direct risk were human and physical capital. You would be a lot more careful if human lives or your entire investment were at stake. I work in an industry where I see a detail to safe operation and environmental compliance.

I'm not really sure I buy the extensions of your argument. But, you have made a perfect case for the defense of stringent government regulation due to the apparent lack of corporate responsibility. I would argue that in the end of the day that companies' number one responsibility is making money - but they can't do that without corporate responsibility that drives safe operation, environmental stewardship, etc. Some companies will that do not have a public face or long-term outlook will make the dash for cash without, but no sustainable company will. Every company will try to find a competitive edge (and this does come with some risk - better companies tend to manage this risk in a more effective way) - but BP has a bad history in this respect.
 
#14
#14
I should add that I am not saying companies will always police themselves and that there is no room for regulation. I completely disagree with that. What I am saying is that the company is responsible for it's actions, no one else. If the regulations were not sufficient, then some blame could be shifted - but only some. It is still the company's job to know how to do its work safely. I can think of some exceptions to this, but it is generally the case.
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#15
#15
Neocon, you are unintentionally making an argument against smaller government and less regulation.
 
#16
#16
IPorange said:
Neocon, you are unintentionally making an argument against smaller government and less regulation.
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Yeah..that was what I didn't get earlier. He was in such a hurry to blame government he basically argued that we need more government regulation to make sure we play nice. I can't imagine that he really wants hand holding.
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#17
#17
IPorange said:
Neocon, you are unintentionally making an argument against smaller government and less regulation.
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No.

We do not need more regulation. We need a government that can actually regulate the regualtions already in place so that more aren't added.

All that more regulations does is help the top 1% of businesses because they can cook books and pay of inspectors. The otehr 99% of businesses cannot.

I am not for more regulation. There were enough regulations already in place. Problem is the regulations were not kept enforce.
 
#18
#18
Payoffs and cooked books is / would be a serious issue in this regard. If regulators are complicit in such action here, then they would shoulder some blame. However, I haven't seen any evidence of it here. Have you?

I think that BP acted recklessly not only at Deepwater Horizon, but also at other facilities and operations across the globe. Whether it was BP, or a hired hand, there existed a culture of corner-cutting and risk that was unusually high for it's industry. That is the primary source of the problems here, IMO.
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#20
#20
TennTradition said:
Payoffs and cooked books is / would be a serious issue in this regard. If regulators are complicit in such action here, then they would shoulder some blame. However, I haven't seen any evidence of it here. Have you?

I think that BP acted recklessly not only at Deepwater Horizon, but also at other facilities and operations across the globe. Whether it was BP, or a hired hand, there existed a culture of corner-cutting and risk that was unusually high for it's industry. That is the primary source of the problems here, IMO.
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Smell any Saudi money in the equation?

Why are 23 other countries still drilling the gulf and we aren't?

Why is this administration violating a court order and not issuing drilling permits in the gulf?

Why are we, the USA, backing Brazillian drilling in even deeper waters with no oversight?

If you can answer those then I have another dozen pertinent questions.
 
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