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Royal Dutch Shell (RDS.A -0.2%) and emergency responders are preparing to send a salvage crew to...

Royal Dutch Shell (RDS.A -0.2%) and emergency responders are preparing to send a salvage crew to an oil rig that ran aground off the coast of Alaska. Still no sign any of the 150K-plus gallons of the rig's fuel and lubricating oil is leaking; the weather has cleared enough that responders will soon be able to board the rig to make assess any damage. (video)
Comments (4)
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    Investors should view this more as a shipwreck and asset loss, rather than a failure in drilling operations. While this may have some impact on towing and rig movement regulations, and that can mean increased expenses, the reality is that this should have no impact on drilling regulations.
    2 Jan 2013, 03:07 PM Reply Like
  • Old Trader
    , contributor
    Comments (5724) | Send Message
     
    Herr Hansa,

     

    I agree with your assessment of the incident.
    2 Jan 2013, 04:28 PM Reply Like
  • GlowWorm
    , contributor
    Comments (25) | Send Message
     
    Nonsense,
    This is not a shipwreck, but an operational incident regarding towing-capacity in stormy winds.
    In the circumstances the choice was to land the rig in undeep waters.From there, when the weather clears, it will be towed to its destination.What is the problem?
    I an long RDS
    3 Jan 2013, 04:49 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3079) | Send Message
     
    The reason I made the comment, with the extreme wording, is that a failure to recover that rig would be a shipwreck. The media and some news quips were putting this out there like it was a failure during a drilling operation, which is patently false. That's why I made that comment.
    3 Jan 2013, 05:37 PM Reply Like
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