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Timeline Of The Deepwater Horizon Oil Spill (June 2010)
Following is a timeline of the ''Deepwater Horizon'' oil spill for June 2010. Events prior to June June 1–5 *June 1 :*United States attorney general Eric Holder said his office was going to investigate possible criminal prosecutions. He specifically said they are investigating Clean Water Act, Oil Pollution Act of 1990, Migratory Bird Treaty Act, Endangered Species Act. :*Coast Guard Rear Adm. Mary Landry steps down as federal on-scene coordinator and is succeeded by her assistant James A. Watson. :*2010 Atlantic hurricane season begins. Oil reaches on the beaches of Gulf Islands National Seashore. *June 2 :*Oil spotted from Pensacola, Florida beaches. :*Louisiana Governor Bobby Jindal sends Obama letter opposing the six-month moratorium on new deepwater rigs. :*White House approves construction of five new sand berms in addition to the one approved the week before sending the $360 million bill to BP. The berms with sand from the Gulf floor will act as barrier islands. ...
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Deepwater Horizon Oil Spill
The ''Deepwater Horizon'' oil spill was an environmental disaster off the coast of the United States in the Gulf of Mexico, on the BP-operated Macondo Prospect. It is considered the largest marine oil spill in the history of the petroleum industry and estimated to be 8 to 31 percent larger in volume than the previous largest, the Ixtoc I oil spill, also in the Gulf of Mexico. Caused in the aftermath of a blowout and explosion on the Deepwater Horizon oil platform, the United States federal government estimated the total discharge at . After Efforts to stem the Deepwater Horizon oil spill, several failed efforts to contain the flow, the well was declared sealed on 19 September 2010. Reports in early 2012 indicated that the well site was still leaking. The ''Deepwater Horizon'' oil spill is regarded as one of the largest environmental disasters in world history. A massive response ensued to protect beaches, salt marsh, wetlands and Estuary, estuaries from the spreading oil util ...
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Democratic Party (United States)
The Democratic Party is a Centre-left politics, center-left political parties in the United States, political party in the United States. One of the Major party, major parties of the U.S., it was founded in 1828, making it the world's oldest active political party. Its main rival since the 1850s has been the Republican Party (United States), Republican Party, and the two have since dominated American politics. The Democratic Party was founded in 1828 from remnants of the Democratic-Republican Party. Senator Martin Van Buren played the central role in building the coalition of state organizations which formed the new party as a vehicle to help elect Andrew Jackson as president that year. It initially supported Jacksonian democracy, agrarianism, and Manifest destiny, geographical expansionism, while opposing Bank War, a national bank and high Tariff, tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whig Party (United States) ...
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Skandi Neptune
''Skandi Neptune'' is an Offshore Construction Vessel that was operated by Subsea 7 from 2005 until the charter was ended in 2015. History The ''Skandi Neptune'' was built in 2001 as a cable layer. In 2005, she was converted to a multi-purpose offshore support vessel and began a long term charter to Subsea 7. In 2010, ''Skandi Neptune'' provided ROV capability during the oil spill following an explosion on the ''Deepwater Horizon'' in the Gulf of Mexico. Layout ''Skandi Neptune'' has two stern azimuth thrusters, a retractable forward azimuth thruster and two bow tunnel thrusters. Combined with a class 2 DGPS system, these provide excellent manoeuvring capabilities. She has accommodation for 106 persons in single and double cabins. The helideck is rated for Super Puma L2s. The stern A-Frame is rated at 60 tonne SWL, the deck crane at 250 tonne SWL. The moon pool and 130 tonne traction winch allow the installation of flexible pipe. Service ''Skandi Neptune'' can operate as a pi ...
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Q4000
''Q4000'' is a multi-purpose oil field construction and intervention vessel ordered in 1999 by Cal Dive International, and was built at the Keppel AmFELS shipyard in Brownsville, Texas for $180 million. She was delivered in 2002 and operates under the flag of the United States. She is operated by Helix Energy Solutions Group. The original ''Q4000'' concept was conceived and is owned by SPD/McClure. The design was later modified by Bennett Offshore, which was selected to develop both the basic and detailed design. ''Q4000'' has a column-stabilized semisubmersible design that combines dynamically positioned station-keeping with a large deck space, significant deck load capacity and a high transit speed of 12 knots. The vessel provides a stable platform for a wide variety of tasks, including subsea completion, decommissioning and coiled tubing deployment, and she is specifically designed for oil well intervention and construction in depths of up to 3000 meters of water. Specifica ...
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Discoverer Enterprise
''Discoverer Enterprise'' is a fifth generation deepwater double hulled dynamically positioned drillship ( ASTANO FPSO design) owned and operated by Transocean Offshore Deepwater Drilling Inc., capable of operating in moderate environments and water depths up to 3,049 m (10,000 ft) using an , 15,000 psi blowout preventer (BOP), and a outside diameter (OD) marine riser. From 1998 to 2005 the vessel was Panama-flagged and currently flies the flag of convenience of the Marshall Islands. ''Discoverer Enterprise'' has two sister ships, ''Discoverer Spirit'' completed in 1999, and ''Discoverer Deep Seas'' completed in 2000. The ship was the first to offer a dual drilling derrick capability. The dual derricks allowed simultaneous operations to be performed, and according to Transocean increased efficiency by 40 percent. The US$360 million ship gives its name to the Enterprise Class of large deepwater drillships. ''Deepwater Horizon'' spill response The ship opera ...
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Streaming Video
Video on demand (VOD) is a media distribution system that allows users to access videos, television shows and films digitally on request. These multimedia are accessed without a traditional video playback device and a typical static broadcasting schedule, which was popular under traditional broadcast programming, instead involving newer modes of content consumption that have risen as Internet and IPTV technologies have become prominent, and culminated in the arrival of VOD and over-the-top (OTT) media services on televisions and personal computers. Television VOD systems can stream content, either through a traditional set-top box or through remote devices such as computers, tablets, and smartphones. VOD users may also permanently download content to a device such as a computer, digital video recorder (DVR) or, a portable media player for continued viewing. The majority of cable and telephone company–based television providers offer VOD streaming, whereby a user selects a v ...
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Swiss Market Index
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. As a price index, the SMI is not adjusted for dividends. The SMI was introduced on 30 June 1988 at a baseline value of 1,500 points. It closed above the symbolic level of 10,000 points for the first time on 2 July 2019. It reached the 12,000 point milestone on 17 June 2021. It is currently in a bear market, which it entered on 22 September 2022 after losing more than 20%. This ended the bull market that had reached an all-time record closing price short of 13,000 on 28 December 2021. Its composition is examined once a year. As of September 2022, it contains 18 large-caps and two mid-caps. Calculation takes place in real-time. As soon as a new transaction occurs in a security contained in the SMI, an updated index level is calculated and displayed. However, the inde ...
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Mitsui
is a Japanese corporate group and '' keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold shares in each other, but they are limited to exchanging information and coordinating plans through regular meetings. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industries, Pokka Sapporo Holdings, Toray Industries, Mitsui Chemicals, Isetan Mitsukoshi Holdings, Sumitomo Mitsui Trust Holdings, Mitsui Engineering & Shipbuilding, Mitsui O.S.K. Lines and Mitsui Fudosan. History Edo period origins Founded by Mitsui Takatoshi (1622–1694), who was the fourth son of a shopkeeperRíkarðsson, Árni (2020). ''Origins of the Zaibatsu conglomerates''. Bachelor's thesis. Supervisor: Kristín Ingvarsdóttir. Re ...
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Anadarko Petroleum
Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum. The company was the subject of multiple environmental cases, including the largest environmental contamination settlement in American history - the 2014 settlement related to the former Tronox subsidiary of Kerr McGee, a company purchased by Anadarko in 2006. In addition to exploration and production, the company engaged in petroleum and natural gas gathering, processing, treating, and transportation. The company also participated in the hard minerals business through its ownership of non-operated joint ventures and royalty arrangements. As of December 31, 2018, the company had approximately of proved reserves, 45% of which was oil reserves, 37% of which was natura ...
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AM Best
A.M. Best Company, Inc. is an American credit rating agency headquartered in Oldwick, New Jersey, that focuses on the insurance industry. Both the U.S. Securities and Exchange Commission and the National Association of Insurance Commissioners have designated the company as a Nationally Recognized Statistical Rating Organization (NRSRO) in the United States. Business AM Best issues financial-strength ratings measuring insurance companies' ability to pay claims. It also rates financial instruments issued by insurance companies, such as bonds, notes, and securitization products. AM Best publishes a series of printed and online resources of insurance professionals and publications. The oldest and best known is ''Best's Recommended Insurance Attorneys & Adjusters''. Insurance publications include ''BestWeek'', a weekly newsletter, ''Best's Review'', a monthly digital & print magazine, and an online wire service called ''BestWire''. History Founded in 1899 by Alfred M. Best ...
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Loss Reserve
Loss reserving is the calculation of the required reserves for a tranche of insurance business,Schmidt, K. D., Zocher, M.The Bornhuetter–Ferguson Principle Variance 2:1, 2008, pp. 85-110. including outstanding claims reserves. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims arising from policies currently in force and policies written in the past. Methods of calculating reserves in general insurance are different from those used in life insurance, pensions and health insurance since general insurance contracts are typically of a much shorter duration. Most general insurance contracts are written for a period of one year, and typically there is only one payment of premium at the start of the contract in exchange for coverage over the year. Reserves are calculated differently from contracts of a longer duration with multiple premium payments since there are no future premiums to consider in this case. ...
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Guernsey
Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited islands – Alderney, Herm, Jethou, Lihou and Sark – and many small islets and rocks. The bailiwick has a population of 63,950, the vast majority of whom live on Guernsey, and the island has a land area of . Guernsey was part of the Duchy of Normandy until 1204, when the Channel Islands remained loyal to the English crown, splitting from mainland Normandy. In 1290, the Channel Islands were divided administratively and Guernsey became part of the Bailiwick of Guernsey. During the World War II, Second World War, Guernsey was invaded and occupied by Nazi Germany. After five years of occupation, the island was liberated on 9 May 1945, that date being celebrated annually as Liberation Day. Guernsey is administered as part of the Bailiwick of Gu ...
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