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Wilmington awaits Earl 17:18 2 Sep
HURRICANE Earl has again strengthened to a Category 4 storm as it closes in on Wilmington, North Carolina.
Read More Typhoon disrupts Korean ports 17:18 2 Sep
TYPHOON Kompasu weakened to a tropical storm today after it made landfall in South Korea and passed over the capital Seoul.
Read More US wheat exports surge 17:17 2 Sep
A MAJOR new contract to sell wheat to Egypt has underscored the growth in US seaborne agribulk trades, even as competitors suffer.
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Another rig explodes off US 17:23 2 SepAnother rig explodes off US AN EXPLOSION set an oil rig afire today in the Gulf of Mexico, the US Coast Guard told Fairplay.
“We have assets on scene, but details are very sketchy right now,” a Coast Guard spokesman added.
Vermillion Rig 380 was stationed off Grand Isle in Louisiana west of the site of the April rig blast that killed 11 workers and caused a huge oil spill. Houston's Mariner Energy owns the rig damaged today. Its shares lost 3.3% after the news spread, to $22.57 at 1115 New York time, Bloomberg reported.
But a Maritime spokesman told reporters: “At this time, it doesn’t appear there’s any spill or sheen that can be seen on the water. Of course its very early.
"The fire occurred well away from the well, on the topside of the facility. The fire did not involve the producing wells. The crew was painting and sandblasting the facility at the time," he added.
"There were no operations taking place when this occurred. This isn’t a drilling rig, it’s a production platform," he explained.
Coast Guard Petty Officer Casey Ranel told the Associated Press that the blast was reported by a commercial helicopter company about 0930. Seven helicopters, two planes and four vessels are en route to the site, about 80 miles south of Vermilion Bay along the central Louisiana coast.
Ranel also said that the Coast Guard has not determined whether workers were still aboard or whether the rig is still burning, but smoke has been reported.
But news agencies are reporting that all 13 workers who were on the rig are accounted for.
CNBC reported that the rig was working at a depth of just 97.5m (320ft), according to Mariner.
The new blast could affect a heated debate in the US and EU about whether to allow new offshore operations, with widespread knock-on effects on the shipping businesses tied to that sector.
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