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Vermilion Oil Rig 380

September 2, 2010 by · Comments Off on Vermilion Oil Rig 380 

Vermilion Oil Rig 380, U.S. Coast Guard Bureau in Port Arthur, Texas, says ABC26 News that an explosion was reported on the Vermillion 380 platform, operated by Mariner Energy, at 9:30 am on Thursday as a commercial helicopter company.

The Coast Guard said all 13 crewmembers of the platform were in the water after the explosion, wearing immersion suits. The crewmembers were rescued by the OSV transparent glass and taken to another platform. Coast Guard helicopters are being used to transport rescued from Terrebonne General Medical Center.

Seven helicopters are responding to the explosion, five rescue helicopters in New Orleans, Houston 4, 2 have been diverted to work on the site of deep water drilling Horizon. Four Coast Guard are also on the way: decisively, the Harry Claiborne, skipjack and Manta. An airplane, an HC-144 aircraft Guardian Coast Guard Training Center in Mobile, Alabama, is also on the road.

There is a 5 nautical miles of restricting air traffic over the Vermillion 380, which is about 2,500 feet of water and there is now, according to the Coast Guard.

The explosion at the Vermillion 380 produces just 4 four months after an explosion at oil rig in deep waters Horizon BP, which killed 11 workers and threw an estimated 206 million gallons of oil into the Gulf of Mexico.

Mariner Energy

September 2, 2010 by · Comments Off on Mariner Energy 

Mariner Energy, Energy stocks moved again on Thursday, adding to the huge gains in the previous session, while investors with a hot 43 billion stock offering of Petrobras as it progresses the development of large oil fields in Brazil sea.

Meanwhile, the Mariner Energy / quotes/comstock/13 *! ME (ME 22.90, -0.45, -1.93%) shares fell 2.5% to 22.76 after the U.S. and Coast Guard reported a fire in Vermillion Platform Company in the Gulf of Mexico. A company spokesman told CNBC the offshore well was closed at the time, oil production there. The Coast Guard sent ships and helicopters to the scene. See full story.

NYSE Arca index of oil / quotes/comstock/10t! Xoi.x (XOI 970.35, 6.84, 0.71%) rose 0.8% to 971 points. The Philadelphia Oil Service Index / quotes/comstock/10y! I: OSX (OSX 179.75, 0.39, 0.22%) rose 0.3% to 180. The NYSE Arca Natural Gas Index / quotes/comstock/10t! Xng.x (XNG 507.91, 1.94, 0.38%) rose 0.4% to 508.

Petroleo Brasileiro, also known as Petrobras, plans to develop an estimated 5 million barrels of oil, after the government agreed to a price of 8.51 and a barrel for oil-rich fields far below the Atlantic Ocean off the coast of Rio de Janeiro.

Flotation of the company marks one of the largest securities offerings of the year. The agreement, which was expected, is part of an overall plan for Petrobras to invest 224 billion and in 2014 – and in the process of securing the position of Brazil among the world’s top ten oil producing countries.

But in the face of a huge oil supply and high cost deepwater development, the stock offering comes at a time of risk. Some investors in Petrobras, as the billionaire George Soros, have been reducing their holdings in the company.

But with uncertainty over the offer now off the road, the listed shares of Petrobras / quotes/comstock/13 *! Pbr / quotes / nls / pbr (PBR 35.59, 0.52, 1.47%) rose 1% to $ 35. 45.

Among other stocks in the spotlight, Enbridge Inc. / quotes/comstock/13 *! ENB / quotes / nls / ENB (ENB 50.98, 0.18, 0.35%) rose 0.6% to 51.09 y. The entire company plans to invest 185 million and expand its portfolio of Athabasca in Canada.

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