TT. A US Coast Guard report has concluded that authorities should consider hitting Shell with penalties over the grounding of an oil drilling rig in the Gulf of Alaska in 2012.
The 152-page report, released late on Thursday night, blamed poor risk assessment and management as reasons why the Kulluk broke away from its tow vessel in late December 2012 and ran aground four days later on Sitkalidak Island, near Kodiak.
It also stated that Alaska's tax laws influenced the decision to tow the Kulluk to Seattle. Shell believed the drill vessel would have qualified as taxable property on January 1, 2013, if it was still in Alaskan waters.
The report came 10 months after a Coast Guard hearing in Anchorage into the causes of the accident. The Kulluk broke free of a custom-made vessel, called the Aviq, that was towing it during a storm. Numerous attempts by the Aviq and the Coast Guard to bring the Kulluk under control failed. The report stated that the master of the Aviq emailed the tow master with his concerns nine days before the incident.
"To be blunt, I believe that this length of tow, at this time of year, in this location, with our current routing guarantees an ass kicking," he wrote.
|November, 16, 10:10:00|
|November, 16, 10:00:00|
|November, 16, 09:55:00|
|November, 16, 09:50:00|
|November, 16, 09:45:00|
|November, 16, 09:40:00|
PLATTS - Asia is a growing market for Russian energy, including LNG, and a potential source of investment for the world's largest producer of resources and minerals. The Kremlin has increasingly looked to build its presence in the Asian region following the imposition of tough sanctions by the US on Russia.
REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
U.S. OFR - The U.S. Office of Financial Research (OFR) released its 2018 Annual Report to Congress, stating that risks to U.S. financial stability remain in the medium range, reflecting a mix of high, moderate, and low risks to the financial system.