It Begins… First Oil Rig Relocates From Gulf to Foreign Waters
Posted by Jim Hoft on Saturday, July 10, 2010, 8:14 AM
Thanks Barack.
(NOAA.gov)
Diamond Offshore announced on Friday that it will be the first company to relocate one of its oil rigs from the Gulf of Mexico to Egyptian waters due to the Obama Administration’s ban on drilling.
Chron.com reported:
Diamond Offshore announced Friday that its Ocean Endeavor drilling rig will leave the Gulf of Mexico and move to Egyptian waters immediately — making it the first to abandon the United States in the wake of the BP oil spill and a ban on deep-water drilling.
And the Ocean Endeavor’s exodus probably won’t be the last, according to oil industry officials and Gulf Coast leaders who warn that other companies eager to find work for the now-idled rigs are considering moving them outside the U.S.
Devon Energy Corp. had been leasing the Endeavor to drill in the same region of the Gulf as BP’s leaking Macondo well, which has been gushing crude since a lethal blowout April 20.
But Diamond announced Friday it will lease the rig through June 30, 2011, to Cairo-based Burullus Gas Co., which plans to send the Endeavor to Egyptian waters immediately.
Devon is one of three companies that has cited the deep-water drilling ban in trying to ease out of contracts to lease Diamond rigs. Diamond, a drilling company, said it expects to make about $100 million from the deal, including a $31 million early termination fee it recovered from Devon.
On May 27, President Obama instituted a six-month moratorium on all drilling in water depths greater than 500 feet and stopped work on 33 Gulf deepwater exploration rigs, except under special circumstances. The president’s decision will force tens of thousands of Gulf Coast employees to lose their jobs.
ADVERTISEMENT
-
Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 89 Comments
bill-tb commented:
We need to limit ourselves to Americans for the next president.
Logus commented:
On an aside, I must say that these rigs crossing the Atlantic aren’t necessarily uncommon. I had a brief stint working off shore years ago, and many of my friends also worked off shore. We were all galley hands.
On one occassion my good friend was placed on a jack-up rig that was going to be towed out to a spot and he was told it’d just returned from around the Arabian Penninsula. He vehemently requested that before they turned on the a/c and the roughnecks and deckhands came on, to let him clean out the a/c ducts as he figured it’d be full of sand (He’d been in the Navy). The toolpusher or whoever was in charge ignored him and turned on the a/c anyway. My buddy then spent his whole hitch on that rig cleaning sand thru the whole living quarters.
CommieBlaster commented:
Obama is an Islamic, Communist, Domestic Terrorist who is Waging War on America.
http://www.commieblaster.com
Opus #6 commented:
Bye bye jobs.
Our jobkiller-in-chief must be so proud.
Kenny Solomon commented:
Private companies will not take the chance.
Private companies cannot afford to have their rigs idle at $500,000/day and much higher.
Private companies do not deal well with Marxism.
I wish nothing but the best for Mr. Dickerson, his private company and their goal of legitimate enterprise for profit world-wide.
Kenny Solomon
Proud Son Of The Great Satan.
…and an Eeeeevil Jooooooooooo too.
I carry a firearm because a police officer is too heavy.
Atlanta Media Guy commented:
Elections have consequences! Someday the dolts that voted for this marxist community organizer will realize that or maybe not.
A cousin of mine just lost his job as a galley cook on a rig in the Gulf. Luckily, he found a new job working for Aramco and is headed to Saudi Arabia with his family in the next few months.
It’s astounding as unemployment increases, investment is stagnate and small businesses close in droves, our commissar-in-chief continues to campaign for the very congress critters who got us into this mess. This November let’s vote the Dems out of congress, they have been in power since 2006 and all they have done is destroy Americans way of life. Why isn’t Fannie and Freddie included in the financial reform package? Hmmmmmmmm……
Folks, get ready for the lame duck congress to do things that will destroy our country for good. Cap & Trade, so-called financial reform and union card-check. what could go wrong? Plenty!
ProLifer commented:
Move to Egyptian waters.
I would have guessed Brazil.
kato commented:
The platitude-spouting blowhard has embarked on a project to reconstruct America that is way above the powers of his pea-sized brain. His arrogance and stupidity have blinded him to the enormous destruction he has already done to this country on multiple fronts.
mark commented:
This potentially invites many more lawsuits against the Obama admin. Why don’t the Oil Companies, the workers (collectively), and others affected sue the Fed Gov’t for damages? Two judges have already ruled his moratorium irrational and illegal. The earnings they have lost would be paid by the Fed Gov’t as remedy. The only stipulation (I added it) is that the monies must be paid first from the Democratic party, SEIU, Soros, and every American who voted “yes we can” on the Presidential ballot in the last election.
Bob commented:
It is George W. Bush’s fault. Just ask Jimmy Buffet
FreakyBoy commented:
Devon to pay $31,000,000 because of Obama’s drilling moratorium?
You’d think based on Media accounts of Obama, Devon could argue his actions are an “Act of God” and covered under the Force Majeure release clause.
Kenny Solomon commented:
Freaky Boy……
+1
IOpian commented:
Seems he has derided corporations for sending jobs overseas. Now he is doing the same. Maybe he can understand from this example that it is his policies that cause them to leave.
Private enterprise does not exist to support the government as many Democrats believe. Why Democrats are so thick-skulled about that is unbelievable.
Government is a parasite that is suffocating its host.
FreakyBoy commented:
A side note.
Devon is an OKC based company. We are blessed in OKC to have numerous large corporations that have generously given back to community to the tune of hundreds of millions of dollars in the last decade. Devon (along with Chesapeake) being one the largest civic donors.
Not only does Obama’s actions hurt Gulf oil workers and increase our dependence on foreign oil, it affects everyone in the OKC area and our quality of life.
Additionally, Devon is currently building the tallest office building under construction in the US. Devon’s deepwater Gulf discoveries are a major justification for the 940 foot tower. A year ago Devon already lobbed 5 or 6 stories off the building due to low oil prices…. who knows, Obama’s ban could easily scale back the tower further… i.e. the loss of much needed construction jobs.
Don Abernathy commented:
Barry…. create n and save n Jobs
JUST NOT FOR AMERICANS
roelmao
cal rifkin commented:
President Dipsh!t has managed to get this to turn out the way he wants it. The dem base & enviromarxists will support him no matter what. Once the well’s capped this weekend, the independents and “undecideds” will stop paying attention, and Obamao has created a whole new dependent class.
Always On Watch commented:
On May 27, President Obama instituted a six-month moratorium on all drilling in water depths greater than 500 feet and stopped work on 33 Gulf deepwater exploration rigs, except under special circumstances. The president’s decision will force tens of thousands of Gulf Coast employees to lose their jobs.
BHO is doing everything he can to tank the U.S. economy.
I’ve never despised a President as much as I do that current occupant of the Oval Office.
chuck in st paul commented:
I knew Oilbama would be a poor choice for President based on what he was (and what he wasn’t), but I am mortified by his revealed goals for America. It’s like finding Damien (The Omen) in the White House.
Formerly known as Skeptic commented:
IOpian: “Seems he has derided corporations for sending jobs overseas. Now he is doing the same. Maybe he can understand from this example that it is his policies that cause them to leave.”
No, of course if he notices this at all, he will blame Devon for sending these jobs overseas. It is never the fault of his policies.
bman commented:
OKC, don’t forget EOG.
Bobbi commented:
But Obama lost again in a 2-1 decision to overrule Judge Feldman’s decision to lift the ban on drilling.
http://www.csmonitor.com/USA/2010/0709/Obama-loses-in-court-again-over-deepwater-drilling-moratorium
jainphx commented:
Rush it seems, is the only one that constantly voices the fact that Obama is doing all this on purpose. We need to wake up, when has he been wrong about matters like this. The damage he has done, and will do, will be very hard to correct unless we do something NOW.
Republicans: We need you to tie this guy up with law suits if necessary, and anything else that can stop him before the damage is unfixable. NOW means NOW.
bob commented:
Obama is not stupid, he is malicious. His seemingly brain-dead pronouncements and policies are well thought out steps in longer term goals, moving the United States economy towards socialism, and control of the political system by liberals. That’s my speculation.
Big O is dedicated to his goals, and he is willing to risk everything politically to achieve them.
Devon buying out of a contract with the drilling company may be nothing more than a company cutting its losses, and trying to maximize their opportunities during uncertain political times.
proof commented:
I’ve got his campaign slogan for 2012:
Barack Obama – Exporting jobs since 2009!
aro5o75 commented:
I can see Soros wringing his hands in jubilation
Paul Revere commented:
There are some 27,000 capped oil wells in the Gulf of Mexico, some dating back to the 1940’s. The BP Horizon incident is the first (alleged) accident of this magnitude to occur since we’ve been drilling there. An (alleged) accident like this won’t happen again for another 60 years at this rate.
Yup, makes perfect sense, let’s shut em all down. Never can be too sure.
There is also no logical reason to stop skimming boats from doing their jobs because of a concern they MIGHT not have the proper number of life vests and fire extinguishers on board.
There is no logical reason for anything that’s happened in the Gulf other than barry being a traitor.
DocScience commented:
Think of the economic stimulus from all these people going on unemployment.
Pelosi must be calling a press conference to celebrate American economic growth thanks this brilliant piece of work by the administration.
Ginger commented:
When is Soros going to have a heart attack or stroke???
neomom commented:
Ginger #33, How about lead poisoning? When my libtard neighbor complains about $8 a gallon gas, I am going to slap the freaking Crap out of her.
aprilnovember811 commented:
http://www.youtube.com/watch?v=Wm6ig4uTWPI
Please watch. This man may be able to get to the bottom of Obama’s lack of eligibility. I think it’s common knowledge now that he isn’t natural born, or American. Even if the people who were obligated to make sure of it, continue to feign ignorance.
They are complicit in the destruction in the Gulf, and in our country generally. What does Dick Cheney, say to the mother of a soldier who lost her son? He didn’t follow the Constitution in the electoral count process, by asking if anyone objected. What does Congress say to that mother, father or wife, who’s loved on died in Iraq, or Afghanistan, when they never asked about Obama’s lack of eligibility. They were warned, even if they pretend they weren’t. What about the courts, who kept saying, “you have no standing, or it’s frivilous.” What about the old media, Bill O’Reilly, Chris Matthews, Michelle Malkin, Eric Erickson, and others who called people who wanted to know the truth, kooks, or birthers.” They are all indirectly responsible for the damage.
Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.
—Dietrich Bonhoeffer
Auntie Em commented:
Every night before I go to bed, and before my prayers, I mentally kick Barack Obama in the face.
Aunt B commented:
I live in Texas and I am very upset. I am going to start flying flag in my front yard upside down until Obama and his regime are put out of office and we can start repairing our country. Do you think it is possible to undo all the damage he has done?
Liz commented:
My husband use to work as an engineer in the Gulf for a huge oil services company, bigger than Halliburton. I won’t mention the name because they keep a low profile. Anyways, my husband worked in Lafayette, LA, and he was informed the other day that the Lafayette office was closing. That is a big deal. And his friend who works for the same oil services company but in Alaska, is being sent to Africa to drill there. FYI- Oil companies started laying off employees when it became clear Obama might actually win, about one month before the election. My husband made it to the third round of layoffs, a week before the election.
Lightwave commented:
The only solace is that Obama will have put the Republicans in power for a generation, at the local, state, and national levels.
Democrats aren’t going to be welcome in polite company in this country much longer. Not where I live, at least.
Paul Knudsen commented:
Oh, relax! They’ll allow drilling again eventually Mississippi in particular needs the money.
Watching In London commented:
I’ve tried to keep up with both sides of the argument on jobs – not easy with the rhetoric so heated.
The way I read it, Wall Street says 1 million jobs will be lost in the Gulf due to damage to the fishing, tourism and real estate industries.
Others say tens of thousands will be lost if the ban continues, with big rigs going to places where safety is a little less scrutinized.
I think you might be barking up the wrong tree.
dirk commented:
“I think you might be barking
up the wrong tree.”There you go.
Threads like these offer one a grim mirth.
oldguy commented:
I think the coming winter up north shall be deemed the Galt winter.
Muffler commented:
This means little to nothing. The oil isn’t going anywhere and there are not many places to drill. one rig or 10 doesn’t mean much in the shorter term. The moratorium is to allow the safety regulations to be reviewed and possibly (hopefully) updated. I can’t understand why people look on this as bad. It’s actually good in the longer term. Also don;t even think that this affects the supply of oil because it really doesn’t. This information is just about getting people to en mass over react in favor of corporations. Everyone hears lost jobs and economic problems and forget what started the problem in the first place.
macko commented:
I thought the courts stopped the moratorium?
caolila commented:
I don’t think it would be illegal for the petrol supplies to Washington DC to be constrained. Let the oil industry put their own squeeze on this situation. Unfortunately I don’t think they can shut off natural gas completely, but it is a thought.
Tracey commented:
Our country is in peril thanks to BHO. He must be stopped. He must be a one term President or he will destroy America.
We must vote for conservatives to take over congress. This is our only hope to stop this man and his evil agenda.
Republicans must gain back the house and hopefully set about bringing back America and salvaging what is left of the constitution.