The Best Strategy To Use For Ukraine oil rig deal: fat cats getting fatter? - openDemocracy

The Best Strategy To Use For Ukraine oil rig deal: fat cats getting fatter? - openDemocracy


Our A historic oil platform off Santa Barbara turns into a rusty ghost Diaries

The brand-new owner will utilize the rigs for non-drilling purposes as part of their planned Quick LNG project. "These transactions will contribute to the needed rationalization of the worldwide drilling rig fleet and they are even more in line with Maersk Drilling's tactical top priority of preserving a fleet of modern-day, top quality properties.

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Guardian is an ultra-harsh environment jack-up rig which has previously been transformed into a lodging unit. It was delivered in 1986 and has been warm-stacked in Esbjerg, Denmark after ending its newest agreement offshore Denmark in 2020. Mrsk Gallant is an ultra-harsh environment jack-up rig that was provided in 1993.

After both transactions are closed, Maersk Drilling's fleet will count 12 jack-up rigs, of which 11 are suited for operations in severe environments, and 8 floaters. oilrigsnow.com do not alter Maersk Drilling's monetary assistance for 2021. Related News/// FROM THE ARCHIVE///.

"They have actually now thrown the ball back in our court and asked us to provide concrete evidence on the numerous points we object to,"Mr. Kinsey stated. "However how do you offer evidence of the sensation one gets when strolling along a New Jersey or Long Island beach, keeping an eye out to sea with an unblocked view? And why is it required to scare individuals by proposing to sell tracts close by?"John Harmon, chief of the overseas section of New York's Bureau of Mineral Resources, stated that in October the state similarly requested the exemption of tracts north of an east-west line that runs 25 to 50 miles south of Long Island.

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Harmon stated. Mr. Kinsey noted that in any case, government and industry experts say it is doubtful any gas or oil would be discovered within 50 miles of the shore anywhere from Cape May to Montauk Point. Drilling in the Baltimore Canyon location southeast of New Jersey got under way in 1978 and has because produced 28 holes.

Mr. Watt insists that price quotes of what lies under untouched offshore tracts are "truly not much better than finest guesses"that can not be made more precise "until there has been exploratory drilling."The "area-wide concept"under which the Reagan Administration shell out offshore drilling rights is "designed to motivate the development and execution of varied expedition methods, rather than limit them as in the past,"Mr.

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