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Thread: Venezuela seizes oil rigs owned by US company

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by deltabtry View Post
    Rigs, ships, or water vessels have always been considered sovereign entities from which the countries it is registered.
    would you please provide a cite showing established international law deems oil drilling rigs to be registered as an equivalent to ocean going ships

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by justabubba View Post
    would you please provide a cite showing established international law deems oil drilling rigs to be registered as an equivalent to ocean going ships


    this i will wear as a badge of honor. thank you
    your white flag of surrender is being returned in the mail
    I am afraid the burden of proof would be on you but that said, Maritime law applies to all oil platforms and to do this, now maritime law has only juruisdiction on sea going vessels towed or otherwise which in this case must be registered. This can be proven through maritime lawsuits etc., which can easily be googled. Non the less from what I understand that these platforms and personnel ceased work due to non payment from the venezuelian government, due to breach of contract and this in no way allows any government to capture property.

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by deltabtry View Post
    I am afraid the burden of proof would be on you but that said, Maritime law applies to all oil platforms and to do this, now maritime law has only juruisdiction on sea going vessels towed or otherwise which in this case must be registered. This can be proven through maritime lawsuits etc., which can easily be googled. Non the less from what I understand that these platforms and personnel ceased work due to non payment from the venezuelian government, due to breach of contract and this in no way allows any government to capture property.
    if your premise was right and the BP oil rig in the gulf is registered to great britian or another foreign nation, then that would preclude the inspections and regulations required under US law for oil rigs in USA waters. that foreign registered "vessel" would be subject to the laws of the soverign state under which it is registered rather than those of the USA
    so, pick your poison. either the USA has no right to impose its laws on an oil rig in its waters (if registered under a foreign flag) or venezuela is within that soverign nation's right to impose venezuelan policy and practices on the oil rig in that nation's waters
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #34
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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by justabubba View Post
    if your premise was right and the BP oil rig in the gulf is registered to great britian or another foreign nation, then that would preclude the inspections and regulations required under US law for oil rigs in USA waters. that foreign registered "vessel" would be subject to the laws of the soverign state under which it is registered rather than those of the USA
    so, pick your poison. either the USA has no right to impose its laws on an oil rig in its waters (if registered under a foreign flag) or venezuela is within that soverign nation's right to impose venezuelan policy and practices on the oil rig in that nation's waters
    Your right this would preclude any vessel in being inspected and that said, this would preempt the country requesting to do inspection to deny these vessels entry to it's waters and deny any drilling. Voluntary compliance is key and expected and complied with by most companies.

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by justabubba View Post
    bravo chavez!
    the oil company gambled and lost
    the country which owns the oil under those wells insisted that the wells operate
    the (former) owner balked because it was being late paid
    the country did what was in the country's best interest and seized control of the wells
    my guess is the former owner will be able to get them back as soon as the oil underneath is depleted
    Er WHAAAAT?

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by justabubba View Post
    but at least you do now acknowledge they are NOT - and were not - owned by the USA
    progress
    No one ever said they were owned by the US.
    They did say they were owned by an American Company.

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by justabubba View Post
    if your premise was right and the BP oil rig in the gulf is registered to great britian or another foreign nation, then that would preclude the inspections and regulations required under US law for oil rigs in USA waters. that foreign registered "vessel" would be subject to the laws of the soverign state under which it is registered rather than those of the USA
    so, pick your poison. either the USA has no right to impose its laws on an oil rig in its waters (if registered under a foreign flag) or venezuela is within that soverign nation's right to impose venezuelan policy and practices on the oil rig in that nation's waters
    I'd like to find out more on this subject but I'm lost as to where to look for facts and info. . .

    I imagine, however, that when working *in tandem* with a country for business purposes does not mean that you are solely working 100% *for* that country - BP is under guidance and regulation of the US government *but* they are also under guidance and regulation of THEIR government as well - and they still *own* their oil rig.

    If we took over Deep Horizon - wouldn't that be *wrong*

    On a separate note:
    Justabubba (and others with the same though process) - If you are against "big oil" - then wouldn't you have wanted these Oklahoma-company oil rigs to have been shut down as they were going to be *instead* of taken over by a foreign government and then put back to work?

    Does "big oil" only bother you when it's US oil? If not - then your view should be against the Venezuelan's from operating these 11 rigs as they obviously intend on doing.

    In searching and reading I came across this (scroll to Petroleum and other resources) - it's revealing though doesn't answer questions brought around by this incident.
    http://www.state.gov/r/pa/ei/bgn/35766.htm

    *edit*
    Ah! - after reading through that link I learned of this - which is the next path to take - International Arbitration.
    Last edited by Aunt Spiker; 06-26-10 at 10:33 PM.
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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by Aunt Spiker View Post
    I'd like to find out more on this subject but I'm lost as to where to look for facts and info. . .

    I imagine, however, that when working *in tandem* with a country for business purposes does not mean that you are solely working 100% *for* that country - BP is under guidance and regulation of the US government *but* they are also under guidance and regulation of THEIR government as well - and they still *own* their oil rig.

    If we took over Deep Horizon - wouldn't that be *wrong*

    On a separate note:
    Justabubba (and others with the same though process) - If you are against "big oil" - then wouldn't you have wanted these Oklahoma-company oil rigs to have been shut down as they were going to be *instead* of taken over by a foreign government and then put back to work?

    Does "big oil" only bother you when it's US oil? If not - then your view should be against the Venezuelan's from operating these 11 rigs as they obviously intend on doing.

    In searching and reading I came across this (scroll to Petroleum and other resources) - it's revealing though doesn't answer questions brought around by this incident.
    Venezuela

    *edit*
    Ah! - after reading through that link I learned of this - which is the next path to take - International Arbitration.
    Here is a example from my own experience, I worked on a drill ship called the DMS Dalmahoy registered in Scotland and drilling for oil in the Gulf of Sinai in 1979. The rig it's self was owned by a company which the name escapes me now. The oil company was Aramco, the drilling company I believe was Dilcon (contractor) and we were drilling in Israeli waters. My point being is that countries just can't seize a a oil rig platform or drill ship, there is way to many interest involved and usually from different countries. Although this may not be the case in regards to this topic at hand but odds are there will be more than one entity involved in this regard.

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    Re: Venezuela seizes oil rigs owned by US company

    If you make stupid business decisions, it’s your own damn fault when things go sour. It's called tough love. I wonder how many “conservatives” are in favor of a government bailout for this company.

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    Re: Venezuela seizes oil rigs owned by US company

    Quote Originally Posted by Befuddled_Stoner View Post
    If you make stupid business decisions, it’s your own damn fault when things go sour. It's called tough love. I wonder how many “conservatives” are in favor of a government bailout for this company.
    You mean democrats..oh wait it's the big evil oil comapnies, democrats only bailout automakers, mortgage companies, perhaps even big unions, healthcare etc..BTW Obama isn't finished yet.

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