[Leanan]

CNN reports that a natural gas pipeline has ruptured at a hub in Vermillion Parish. It's an area that suffered severe flooding. A helicopter crew spotted natural gas bubbling up through the water.

[Shadizar]

They say it is the Henry Hub.
Here's a description I found on the web from Trader's Log:
Henry Hub: A natural gas pipeline hub in Louisiana that serves as the delivery point for New York Mercantile Exchange natural gas futures contracts and often serves as a benchmark for wholesale natural gas prices across the U.S.
Hopefully its not very serious.

[Leanan]

Anderson Cooper on CNN was very circumspect. He said problems at Henry Hub had been known to affect the price of natural gas, but he didn't feel comfortable saying anything more.

It's probably too dark by now for them to see what's wrong, or how serious it is.

[khebab]

I made a merge of the rigzone map and the wind swath maps from Katrina and Rita. The reddish part means hurricane force winds.



Pretty much all the oil/NG plateforms have been affected by hurricane force winds! some of them (like Mad Dogs) have been hit twice. Rita had a narrower wind swath but was a category 4 when it entered the area which has a greater density of oil infrastructures.

[Cyrus]

$this->bbcode_second_pass_quote('khebab', 'I') made a merge of the rigzone map and the wind swath maps from Katrina and Rita. The reddish part means hurricane force winds.
Pretty much all the oil/NG plateforms have been affected by hurricane force winds! some of them (like Mad Dogs) have been hit twice. Rita had a narrower wind swath but was a category 4 when it entered the area which has a greater density of oil infrastructures.

[BabyPeanut]

yeah me too. "We cannot confirm if we are full of BS or not..."
$this->bbcode_second_pass_quote('', '[')url=http://today.reuters.com/investing/FinanceArticle.aspx?type=businessNews&storyID=2005-09-25T142218Z_01_WRI551351_RTRUKOC_0_US-RITA-ENERGY-HUB.xml]Gas pipe leak report under investigation (link)[/url]
Sun Sep 25, 2005 11:41 AM ET
NEW YORK (Reuters) - Sabine Pipeline LLC said on Sunday it was not immediately able to confirm reports that its natural gas pipeline linking the Henry Hub supply point had ruptured in the wake of Hurricane Rita.
"Sabine has been unable to verify or confirm any rupture or release at this time," the company, a unit of Chevron (CVX.N: Quote, Profile, Research), said. "Sabine is working with local emergency response personnel to make definitive assessments of our Henry Hub facility later this morning."
The governor of Louisiana told CNN Sunday morning the line has a leak. "We understand there is a gas leak," Gov. Kathleen Blanco told CNN.
Sabine shut down and declared force majeure on the line, the supply point for futures on the New York Mercantile Exchange, September 22 in advance of Rita due to a mandatory evacuation order of all its employees in the area.

[VMA131Marine]

And these are just the early assessments:

http://www.rigzone.com/news/article.asp?a_id=25513

http://www.rigzone.com/news/article.asp?a_id=25512

http://www.rigzone.com/news/article.asp?a_id=25511

[rogerhb]

You could nail a poster to a telegraph pole, or put their pictures on milk cartons.

"Has anyone seen my rig? Please call ....."

[Cyrus]

$this->bbcode_second_pass_quote('rogerhb', 'Y')ou could nail a poster to a telegraph pole, or put their pictures on milk cartons.

"Has anyone seen my rig? Please call ....."

[OilsNotWell]

Or how about:

"Have rig, will travel"

[rogerhb]

$this->bbcode_second_pass_quote('OilsNotWell', 'O')r how about: "Have rig, will travel"

[tokyo_to_motueka]

msn money
$this->bbcode_second_pass_quote('', 'O')il rebounds as Rita's damage becomes clearer
Stock rally fades as analysts fear storm damage to oil and gas industry on the Gulf will hold back energy supplies. Bush will release oil from the Strategic Petroleum Reserve.
So much for that rally.
On Monday, reality set in on what Hurricane Rita did to the nation's energy infrastructure, and, for today at least, the news wasn't great.
Yes, four refineries in Port Arthur and Beaumont in Texas and three more around Lake Charles, La. were shut down. Valero Energy (VLO, news, msgs) said it will take two to four weeks to get its refinery in Port Arthur running again. (Valero shares were up 2% anyway.) But only a few expected to be shut down for more than a few weeks.

The big refining complex in and around Houston was little damaged and expected to be running again by the end of the week at the latest. And yes, President Bush said he would allow the nation's Strategic Petroleum Reserve to release oil to refiners.
The problem for stocks today was out in the Gulf of Mexico. The U.S. Minerals Management Service said 100% of oil production in the Gulf of Mexico remained shut in; it has been shut in since late last week. About 78% of natural gas production is shut in.
And at least eight drilling rigs were either pulled off their moorings in the Gulf or disappeared. Two are missing. (None were manned at the time.) Diamond Offshore (DO, news, msgs) said two of its rigs were blown 100 miles away from their positions before the storm. Rowan Drilling (RDC, news, msgs) said its Rowan-Ft. Worth rig was missing and three others blown off their moorings. Diamond Offshore was up 4%; Rowan 0.84%.

At the very least, the weeklong process of taking refineries off-line in preparation for Rita and then bringing them back up cost the nation 20 million barrels of crude-oil refining runs, or about 3 million barrels a day, according to the Petroleum Industry Research Foundation. That's about 20% of the nation's total.

[richardmmm]

$this->bbcode_second_pass_quote('VMA131Marine', 'A')nd these are just the early assessments:
Rigzone1
Rigzone2
Rigzone3

[rockdoc123]

$this->bbcode_second_pass_quote('', 't')he oil companies are just being laggards on their release of information to cool the market's bearish slant and to hold the price up

[Ming]

richardmmm seems totally blinded to realities, by his need to justify (mostly to himself, I suppose) his continued bet on “no PO in sight”, and in short futures positions.
And, at present, that can only be done trough believing/accepting the most extreme and incorrect wild theories (from abiotic oil, to various conspiracies - all aimed at causing him financial losses…).
Very bad point of view for an investor…

[PrairieMule]

Hello! I just got a copy of a email sent around my Dad's company about the incident. Looks like it was not about colonialization or human rights agenda but rather raiding the cash till. Read and discuss...
Incident Report

At about 14:00 three (3) fly boats with approximately 45 armed men, dressed in black rain suits, arrived at the Choba Site 1 jetty and confronted the Mopol at the dock. The MOPOL return fire but the fire power of the attackers overwhelmed them. One Mopol was killed in this process. They continue with the attack on land in the direction of the bank and injured in the process one of the Choba personnel (Remi) and 2 Mopol personnel.
The men surround the bank and start to force the door open while the rest continue firing in all directions. They succeed to force the door open with crow bars and took the money outside the vault. No visible damage to the bank vault. They left the site at about 14:45.
Current situation:
GSF reinforcement arrived and all National workers left home.
All expatriates staff is in safe havens around the accommodation area.
We continue with the evacuation of non-essential expatriate staff to Lagos.

[aflurry]

$this->bbcode_second_pass_quote('Starvid', 'd')emocracy -> people grow soft, don't like murder and war -> colonization impossible due to people not liking it.

[dbarberic]

FT.com
Article
$this->bbcode_second_pass_quote('', 'R')ita causes record damage to oil rigs By Carola Hoyos in London, Sheila McNulty in Houston and Thomas Catan in Johannesburg 27 Sep 2005
Hurricane Rita has caused more damage to oil rigs than any other storm in history and will force companies to delay drilling for oil in the US and as far away as the Middle East, initial damage assessments show.
ODS-Petrodata, which provides market intelligence to the offshore oil and natural gas industry, said it expected a shortage of rigs in the US Gulf this year.
“Based on what we have right now, it appears that drilling contractors and rig owners took a big hit from Rita,” said Tom Marsh of ODS-Petrodata. “The path Katrina took was through the mature areas of the US Gulf where there are mainly oil [production] platforms. Rita came to the west where there is a lot of [exploratory] rig activity.” ... Initial reports from companies are ominous. Global Santa Fe reported it could not find two of its rigs. Rowan Companies reported four rigs damaged, with two having moved, one losing its “legs” and the fourth presumed sunk. Noble has four rigs adrift, with two run aground one into a ChevronTexaco platform.

[fossil_fuel]

who builds rigs? any big companies? halliburton?

[BabyPeanut]

$this->bbcode_second_pass_quote('', '[')url=http://news.africast.com/africastv/article.php?newsID=56533]Army reopens Nigeria oil stations (link)[/url]
WEST REGION NEWS
LAGOS, September 26 -- The Chevron oil company has reopened two oil stations in Nigeria's Niger Delta region under army protection.
They were closed last week after attempts by a local militia group to sabotage oil facilities.
The Niger Delta People's Volunteer Force had issued the threats in protest at the detention on Tuesday of their leader Mujahid Dokubo-Asari.
The group seeks self-determination for the oil-producing region, which remains poor and under-developed.
On Sunday, Mr Asari's lawyer, Uche Okwukwu, said the militia leader had called for calm.
"Asari gave me the instruction to tell them that nobody should harm any foreigner or do anything criminal," Mr Okwukwu told Reuters news agency.
"They shouldn't do anything that could put his case in jeopardy. It's not in the interest of the movement," Mr Okwukwu added.
The lawyer was released on Friday after being arrested when he went to defend Mr Asari.
Alali Horsfall, deputy leader of the militia group, told the AP news agency that the group had "suspended action".
Mr Asari was arrested on Tuesday, and on Thursday was remanded in custody for two weeks by a judge in the capital, Abuja.
Police are investigating charges of sedition in connection with a newspaper interview in which Mr Asari allegedly called for the break-up of Nigeria.
On Thursday, more than 100 armed men in boats stormed the Idama flow-station, sources close to the Chevron oil company said.
The Robertkiri station was later closed following threats. Together, they account for less than 1% of Nigeria oil production of 2.5m barrels a day.
The Niger Delta remains one of Nigeria's poorest and least developed regions, although it accounts for most of the oil produced by Nigeria, Africa's largest oil-producer. - bbc