First, British Petroleum had to deal with the explosion at its Texas City plant earlier this year.
Then, yesterday, BP discovered that Hurricane Dennis had damaged its huge Thunder Horse Drilling Platform in the Gulf of Mexico over the weekend, as the picture on the left of the badly listing platform reflects. BP’s press release on the damage is here.
Hat tip to Clear Thinkers reader Charles Satterwhite for the amazing picture of the listing Thurder Horse.
Update: Kathy Herrmann is analyzing the technical and financial implications of the damage to Thunder Horse over at Big Cat Chronicles.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
The week in oil markets
The news from China last week could be the first indication of an extremely important
development.
The week in oil markets
The news from China last week could be the first indication of an extremely important
development.
The week in oil markets
The news from China last week could be the first indication of an extremely important
development.