"Transmission Losses:" Oil Rig Blast in Gulf...of Mexico

Beyond Petroleum?

An explosion Tuesday night on an oil drilling rig off the coast of southeast Louisiana left at least seven people critically injured and 11 others missing....

The oil drilling rig, named Deepwater Horizon, is positioned about 50 miles southeast of Venice, La. It is owned by Transocean, a Houston-based company, and under contract to British Petroleum....

“The rig is leaning badly,” Mr. Nungesser said in an interview with WWL-TV, a New Orleans television station. He added that Coast Guard officials felt “like it may go over sometime today.”

[Source: New York Times]