Shell rig grounded off coast of Alaska
A Royal Dutch Shell-owned drilling rig has ran around off the coast of Alaska after being caught in a storm.
A Royal Dutch Shell-owned drilling rig has ran around off the coast of Alaska after being caught in a storm.
The Kulluk hit rocks on Monday evening at 21:00 off Kodiak Island, though its 18-member crew had already been evacuated, according to media reports.
The vessel, operated by Noble Corp, was carrying 150,000 gallons on ultra low-sulphur diesel and 12,000 gallons of lubricating oil and hydraulic fluid, but there have been no reports of any spillage.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
According to the Coast Guard, winds reached speeds of up to 60 miles per hour and waves were up to 35 feet high.
The drilling rig is part of Shell's $4.5bn offshore programme in Alaska.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
8 of the best properties for sale near ski slopes
The best properties for sale near ski slopes – from a luxury cabin in Geilo, one of Norway’s premier ski resorts, to a large chalet in Valais, Switzerland
By Natasha Langan Published
-
Cash hoarders take total UK savings to £2 trillion – why aren’t we investing?
Investment-shy Brits are hoarding huge amounts of cash in their savings accounts. We look at the case for saving versus investing.
By Katie Williams Published