Tag Archives: OilIndustry

What Steps Do I Need to Take to Become an Oil Rig Employee?

Our global demand for oil is growing, and the oil/gas industry is under pressure to explain their operations around the country. Louisiana is a state hub for oil rigs, so if you are looking for a new career path that will reward you, the oil rig industry might work for you. However, it’s not easy to become an oil rig employee, and there are a few essential steps you’ll need to take before you call yourself an oil rig worker in Louisiana. What Do I Need to Do to Work on an Oil Rig? Receive the necessary training and certifications: This is probably the most important step in becoming an oil rig worker, because without the proper training and documentation you won’t be able to get the job you want. These necessities include: Meeting basic requirements- age, education, drug test, etc. Make sure you meet any relevant work visa requirements…
Read More »

Posted in Oil Rig Accidents | Tagged , | Leave a comment

Why Did This Louisiana-Based Vessel and Oil Rig Company Recently File for Bankruptcy?

An American marine transportation company filed for bankruptcy earlier in March. The Louisiana-based Harvey Gulf International Marine LLC has more than 50 ships in its marine fleet and supplies offshore oil rigs among other oil services. The company filed for Chapter 11 bankruptcy in Houston, Texas, and they reported that they had more than $1 billion in debt. What Happened? In the company’s court papers, it was stated the amount of debt that they were handling, as well as an agreement with lenders to help reduce what they owed. Lenders would then have the equity in the company when it finishes bankruptcy. Other creditors of the company, such as their suppliers, will be fully paid. Many offshore drilling and oil companies have filed for bankruptcy in recent years because of huge drops in oil prices that cut the demand for rigs. Harvey Gulf operates vessels under the Jones Act, which…
Read More »

Posted in Oil Rig Accidents | Tagged , | Leave a comment

Do Offshore Oil and Gas Rigs Have a Bolt Failure Problem?

Could the next Deepwater Horizon disaster happen because the oil and gas industry failed to solve its oil rig bolt failure problem? According to a report in Environment & Energy, a website that covers news within the energy industry, the oil rig bolt failure issue was first discovered in 2012, but the oil and gas industry, as well as safety regulators, still have not fixed the problem. What’s Wrong with Bolts on Offshore Oil and Gas Rigs? The incident in 2012 involved two components of an oil rig’s blowout preventer separating during drilling. The blowout preventer is an important piece of safety equipment. It is held together by 36 steel bolts that are 9 inches long and 2 inches thick. During the incident in 2012, all 36 bolts cracked off, which enabled 400 barrels of drilling fluids to spill into the Gulf of Mexico. Following an investigation, the bolts were…
Read More »

Posted in Oil Rig Accidents | Tagged , , | Leave a comment