http://www.telegraph.co.uk/finance/newsbysector/transport/10496977/Worlds-largest-ship-bigger-than-Empire-State-Building-launches.html Pretty cool
Do international waters have drilling rights or is it like the gold rush in the 1800's? This looks like it could potentially be a financial windfall (not that the oil companies need another financial windfall).
Another 4 years till it activates. Ship is huge. Wonder how many wet docks could hold a ship of that size.
By "international waters" do you mean "all the oceans"? I have no knowledge of this whatsoever, but I'd assume the open ocean is the wild wild west. Property rights don't really apply. So, yeah, build a ship, drop the drill wherever you like. Who's gonna make you leave?
Yes you captured what I meant to say ... this hints of the international race to nuclear viability in the late 30s and early 40s. I mean geez ... its a fully operational floating natural gas refinery that can traverse anywhere anytime.
If it results in me paying less at the pump,* I'm cool with it. ____________ *Because of increased supply and increased competition.
There are international laws governing international waters, but they are extremely basic. Like, "refrain from dumping nuclear waste" basic.
My understanding is that most deep water wells are just offshore and therefore no in international waters.
Also, most nations claim mineral rights to their continental shelf, which extends hundreds of miles offshore. That was what the dust up between Denmark, Russia, the US, and Canada was about for the rights to the sea floor at and around the north pole.