Wednesday, April 21, 2010

Transocean (NYSE:RIG) Oil Rig Explosion - 11 Still Missing

Update: Search for 11 missing workers stopped

As of this writing, at least 11 workers at a oil rig off the Louisiana coast run by Transocean (NYSE:RIG) and contracted out to BP PLC (NYSE:BP) are missing after an explosion rocked the oil platform.

There were 126 workers at the oil rig when the explosion occurred, most of which escaped the blast, which happened at about 10 p.m. Tuesday night.

Of those accounted for, seven of them have been critically injured according to Cost Guard reports. Boats and helicopters have been scouring the area for any signs of potential survivors who are still missing.

Reports the missing workers escaped on a lifeboat which drifted away while the rescue was going on makes hopes high that they'll be found and recovered.

The oil platform, named Deepwater Horizon, was what is called a semisubmersible, which means it floats and is held in place by small thrusters.

Transocean was responsible for the safety of the rig, which was approximately 50 miles southeast of Venice on Louisiana's tip.


coleinglaw said...

Seems like this isn't the first time:

Cynthia said...

This week’s Deepwater Horizon oil rig explosion in the Gulf of Mexico is spilling undetermined amounts of crude oil into the sea. The rig burned for 36 hours and was spilling 13,000 gallons of crude oil per hour before it collapsed; now, the spill measures 100 square miles and is threatening the environment and those people who depend on the wetlands for their livelihood. The tragedy is also raising very serious environmental concerns, and could threaten the fragile ecosystem of the Louisiana and Mississippi coasts, which serve as nurseries for fish and shrimp and habitat for birds. The disaster is in violation of a number of environmental acts, including the Clean Water Act and the Oil Pollution Act. This explosion is among the worst offshore drilling disasters in recent U.S. history, and could be the deadliest with 17 injured (four in critical condition) and 11 crew missing. More information on this tragedy and its devastating effects on our environment can be found at

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