Before today, Mariner Energy's Wikipedia entry consisted of 3 sentences, but apparently is worth about 2.7 billion (Apache Corp was looking to buy them for that, but are probably rethinking that decision today).
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firewaterwordSatchitanandaPais Vasco to San FranciscoRegistered Userregular
August 31, 2010 – Due to the pending merger of Mariner Energy, Inc. with a subsidiary of Apache Corporation, Mariner Energy is no longer posting monthly production updates on its website. Consummation of the merger remains subject to approval by Mariner’s stockholders.
But with a market capitalization of about $29 billion and only $2 billion in cash on hand, Apache might not find it easy to digest a big deal. Nor is it coming to the table with an empty gut. Just days before BP’s Gulf of Mexico rig explosion in April, Apache snapped up Mariner Energy for $2.7 billion and bought $1 billion of assets from Devon Energy.
“I have been in the oil and gas industry for 40 years, and this administration is trying to break us,’’ said Barbara Dianne Hagood, senior landman for Mariner Energy, a small company. “The moratorium they imposed is going to be a financial disaster for the gulf coast, gulf coast employees and gulf coast residents.’’
Article is literally from the day before this rig exploded.
Before today, Mariner Energy's Wikipedia entry consisted of 3 sentences, but apparently is worth about 2.7 billion (Apache Corp was looking to buy them for that, but are probably rethinking that decision today).
The internet largely doesn't care about large companies that operate more or less behind the scenes in 'boring' industries like energy, mining, etc.
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DrakeEdgelord TrashBelow the ecliptic plane.Registered Userregular
“I have been in the oil and gas industry for 40 years, and this administration is trying to break us,’’ said Barbara Dianne Hagood, senior landman for Mariner Energy, a small company. “The moratorium they imposed is going to be a financial disaster for the gulf coast, gulf coast employees and gulf coast residents.’’
Article is literally from the day before this rig exploded.
August 31, 2010 – Due to the pending merger of Mariner Energy, Inc. with a subsidiary of Apache Corporation, Mariner Energy is no longer posting monthly production updates on its website. Consummation of the merger remains subject to approval by Mariner’s stockholders.
But with a market capitalization of about $29 billion and only $2 billion in cash on hand, Apache might not find it easy to digest a big deal. Nor is it coming to the table with an empty gut. Just days before BP’s Gulf of Mexico rig explosion in April, Apache snapped up Mariner Energy for $2.7 billion and bought $1 billion of assets from Devon Energy.
i'm willing to chalk that up to coincidence
it'd be too conspiracy-theory to start bringing other companies' mergers and actions into the BP leak before the leak even happened
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Hahahaha.
My apologies. Nobody that actually matters.
You must not watch cspan.
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firewaterwordSatchitanandaPais Vasco to San FranciscoRegistered Userregular
edited September 2010
Coast guard is reporting a "'slight sheen' that measured 'one nautical mile by 100 feet.'" via ABC.
And it looks like it was in production (from same link):
According to the Coast Guard, the rig platform was fixed in 340 feet of water and the rig was in production at the time of the fire. Workers have told authorities that they had started emergency shutdown procedures before evacuating.
The platform does not have a standard blow-out preventer, a safety mechanism used to seal gas and oil wells, according to the Coast Guard.
Mariner Energy, Inc. (NYSE: ME) confirms that a fire has occurred at a production platform located on Vermilion Block 380, approximately 100 miles from the Louisiana coast. All 13 members of the crew have been evacuated and safely accounted for. No injuries have been reported. In an initial flyover, no hydrocarbon spill was reported.
Mariner has notified and is working with regulatory authorities in response to this incident. The cause is not known, and an investigation will be undertaken. During the last week of August 2010, production from this facility averaged approximately 9.2 million cubic feet of natural gas per day and 1,400 barrels of oil and condensate. Updated information will be provided as available.
Coast guard is reporting a "'slight sheen' that measured 'one nautical mile by 100 feet.'" via ABC.
And it looks like it was in production (from same link):
According to the Coast Guard, the rig platform was fixed in 340 feet of water and the rig was in production at the time of the fire. Workers have told authorities that they had started emergency shutdown procedures before evacuating.
The platform does not have a standard blow-out preventer, a safety mechanism used to seal gas and oil wells, according to the Coast Guard.
The first explosion was tragic, and while this is as well some part of me finds this utterly hilarious given the time frame.
So we went from "not producing" to "there's oil in the water" to "oh, yeah, btw we were producing."
I'm pretty sure that's grounds for testicle stomping.
If I understand this correctly, it's not a well. It's an offshore refinery, which I assume pipes in stuff from other wells.
I'm unclear on it too, but I think it is a well, but is different from Deepwater Horizon in that it is fixed to the ocean floor, not floating tethered. I could wrong, so, yeah.
An increasing portion of oil and gas production is coming from offshore fields. Advanced technologies now permit production from deepwater fields and from marginal fields.
In parallel, platform technologies are evolving from fixed platforms suited for shallow waters, to semi-submersible platforms (TLP, SPAR) and to Floating Production Units (FPU, FPSO). The latter reduce project lead-time, have higher performance flexibility, and may be moved from a depleted field to a new field, thus greatly reducing investments. They are the most common solution for deepwater and marginal fields.
Offshore platforms are equipped with the machinery needed to extract oil and natural gas but have some critical challenges that should not be underestimated. Thanks to its many years of worldwide experience, GE Oil & Gas can provide optimum technical solutions and the project management experience needed to maximize production while helping customers to meet or accelerate their "First Oil" date.
How it works
Offshore production platforms/FPSO collect the hydrocarbons produced under the seabed by means of specially designed flow-lines and risers. The platform also contains the necessary monitoring & control equipment, and gear for furnishing electric and/or hydraulic power to the subsea equipment installed at the various field wells.
Power generation, compression and pumping equipment are generally installed on the platform. This machinery is used to collect the hydrocarbons and convey them to onshore receiving facilities, or for the re-injection of associated gas back into the well to enhance production.
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firewaterwordSatchitanandaPais Vasco to San FranciscoRegistered Userregular
Donkey KongPutting Nintendo out of business with AI nipsRegistered Userregular
edited September 2010
I understand at an intellectual level that this plus the BP rig in such rapid succession are not related and in reality do not indicate any sort of trend of damage greater than it ever was.
But god damn if it doesn't feel that way. If any politicians want to work up some anti-fossil-fuel support, this seems like the best opportunity in years.
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So we went from "not producing" to "there's oil in the water" to "oh, yeah, btw we were producing."
I'm pretty sure that's grounds for testicle stomping.
I think it is just "this just happened and no one knows what is going on." I'm just taking it as wait-and-see while laughing at the timing. Because if I don't laugh I would probably cry.
I understand at an intellectual level that this plus the BP rig in such rapid succession are not related and in reality do not indicate any sort of trend of damage greater than it ever was.
But god damn if it doesn't feel that way. If any politicians want to work up some anti-fossil-fuel support, this seems like the best opportunity in years.
Or, you know, deregulation under Republican rule caused an already dangerous industry to become even more so.
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firewaterwordSatchitanandaPais Vasco to San FranciscoRegistered Userregular
I understand at an intellectual level that this plus the BP rig in such rapid succession are not related and in reality do not indicate any sort of trend of damage greater than it ever was.
But god damn if it doesn't feel that way. If any politicians want to work up some anti-fossil-fuel support, this seems like the best opportunity in years.
Or, you know, deregulation under Republican rule caused an already dangerous industry to become even more so.
Nah, the number and quantity of oil spills has decreased enormously since the 1970s and has continued to fall since 2000. This year might be a little blip but the facts simply do not support the way it feels.
Luckily, politics don't care about the way things really are.
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mrt144King of the NumbernamesRegistered Userregular
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Hahahaha.
My apologies. Nobody that actually matters.
You must not watch cspan.
Nobody who actually matters watches cspan.
I was actually referring to senators and congresspeople.
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mrt144King of the NumbernamesRegistered Userregular
Industrial accidents happen all the time yo, conspiracy theories are good for the bar but nobody every really takes them seriously.
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Hahahaha.
My apologies. Nobody that actually matters.
You must not watch cspan.
Nobody who actually matters watches cspan.
I was actually referring to senators and congresspeople.
So we went from "not producing" to "there's oil in the water" to "oh, yeah, btw we were producing."
I'm pretty sure that's grounds for testicle stomping.
I think it is just "this just happened and no one knows what is going on." I'm just taking it as wait-and-see while laughing at the timing. Because if I don't laugh I would probably cry.
Coast Guard didn't get their memo from the execs yet
So we went from "not producing" to "there's oil in the water" to "oh, yeah, btw we were producing."
I'm pretty sure that's grounds for testicle stomping.
If I understand this correctly, it's not a well. It's an offshore refinery, which I assume pipes in stuff from other wells.
I'm unclear on it too, but I think it is a well, but is different from Deepwater Horizon in that it is fixed to the ocean floor, not floating tethered. I could wrong, so, yeah.
Where's gooey when you need him...
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TL DRNot at all confident in his reflexive opinions of thingsRegistered Userregular
August 31, 2010 – Due to the pending merger of Mariner Energy, Inc. with a subsidiary of Apache Corporation, Mariner Energy is no longer posting monthly production updates on its website. Consummation of the merger remains subject to approval by Mariner’s stockholders.
But with a market capitalization of about $29 billion and only $2 billion in cash on hand, Apache might not find it easy to digest a big deal. Nor is it coming to the table with an empty gut. Just days before BP’s Gulf of Mexico rig explosion in April, Apache snapped up Mariner Energy for $2.7 billion and bought $1 billion of assets from Devon Energy.
i'm willing to chalk that up to coincidence
it'd be too conspiracy-theory to start bringing other companies' mergers and actions into the BP leak before the leak even happened
Kind of like how Halliburton bought an oil-services company a week or two before Deepwater that received contracts to clean up the oil worth billions.
So we went from "not producing" to "there's oil in the water" to "oh, yeah, btw we were producing."
I'm pretty sure that's grounds for testicle stomping.
If I understand this correctly, it's not a well. It's an offshore refinery, which I assume pipes in stuff from other wells.
I'm unclear on it too, but I think it is a well, but is different from Deepwater Horizon in that it is fixed to the ocean floor, not floating tethered. I could wrong, so, yeah.
Where's gooey when you need him...
it's thursday, so right now he's probably lighting orphans on fire
Fan-fucking-tastic, I'm sure the government is going to try to surpass the moratorium now and just try to shut down drilling completely.
:x
You know the moratorium only affected like 13 sites or something. Heaven forbid the government should look into safety measures and practices after two fucking oil rigs explode.
Fan-fucking-tastic, I'm sure the government is going to try to surpass the moratorium now and just try to shut down drilling completely.
:x
You know the moratorium only affected like 13 sites or something. Heaven forbid the government should look into safety measures and practices after two fucking oil rigs explode.
That's not CAPITALIST.
If you stop any kind of production you are a SOCIALIST who thinks the government can waltz in and tell you what to do!
Posts
Weird timing.
edit:
http://www.nytimes.com/2010/07/13/business/13views.html
It's the Left. Communist North Korean submarines strike again.
The internet largely doesn't care about large companies that operate more or less behind the scenes in 'boring' industries like energy, mining, etc.
Mini-Subs. Operated by North Korean Suicide Sniper Commandos.
i'm willing to chalk that up to coincidence
it'd be too conspiracy-theory to start bringing other companies' mergers and actions into the BP leak before the leak even happened
I mean you could be like HURFADURF BP DISASTER CONSPIRACY ETC or you could be like 'a few safety oversights in a cut-throat subcontractor environment led to a catastrophic cascade of failures of failsafes...'
Hahahaha.
They tried to bury us. They didn't know that we were seeds. 2018 Midterms. Get your shit together.
My apologies. Nobody that actually matters.
You must not watch cspan.
And it looks like it was in production (from same link):
The first explosion was tragic, and while this is as well some part of me finds this utterly hilarious given the time frame.
I'm pretty sure that's grounds for testicle stomping.
They tried to bury us. They didn't know that we were seeds. 2018 Midterms. Get your shit together.
JESUS PEOPLE IT'S NOT 4TH OF JULY!
If I understand this correctly, it's not a well. It's an offshore refinery, which I assume pipes in stuff from other wells.
I'm unclear on it too, but I think it is a well, but is different from Deepwater Horizon in that it is fixed to the ocean floor, not floating tethered. I could wrong, so, yeah.
http://www.gepower.com/businesses/ge_oilandgas/en/applications/offprod_plat.htm
Agreed.
BEEB says Department of Homeland Security says it wasn't producing any oil or gas says.
But god damn if it doesn't feel that way. If any politicians want to work up some anti-fossil-fuel support, this seems like the best opportunity in years.
I think it is just "this just happened and no one knows what is going on." I'm just taking it as wait-and-see while laughing at the timing. Because if I don't laugh I would probably cry.
Or, you know, deregulation under Republican rule caused an already dangerous industry to become even more so.
I could very well be missing it, but it looks like that's coming from a Mariner spokesperson. Dunno who/what he's "confirming" with that.
Nah, the number and quantity of oil spills has decreased enormously since the 1970s and has continued to fall since 2000. This year might be a little blip but the facts simply do not support the way it feels.
Luckily, politics don't care about the way things really are.
Nobody who actually matters watches cspan.
I was actually referring to senators and congresspeople.
Senators and Congress people don't matter.
Coast Guard didn't get their memo from the execs yet
Kind of like how Halliburton bought an oil-services company a week or two before Deepwater that received contracts to clean up the oil worth billions.
it's thursday, so right now he's probably lighting orphans on fire
:x
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You know the moratorium only affected like 13 sites or something. Heaven forbid the government should look into safety measures and practices after two fucking oil rigs explode.
That's not CAPITALIST.
If you stop any kind of production you are a SOCIALIST who thinks the government can waltz in and tell you what to do!
Keep on drilling!
PSN: ShogunGunshow
Origin: ShogunGunshow
Reaction 1: "Maybe we should take a step back and look at this, guys."
Reaction 2: "WHAT?!? NO ARE YOU FUCKING CRAZY?!? DRILL BABY GODDAMN DRILL!!"
They tried to bury us. They didn't know that we were seeds. 2018 Midterms. Get your shit together.