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Kilpatrick Townsend works to salvage Hostess assets

2013-01-16 07:12:50| Agriculture - Topix.net

Hostess Brands, the bankrupt maker of Twinkies, Wonder Bread and other beloved brands from what seems like a bygone era, could see several of its assets sold for $390 million next month to Flowers Foods.

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Salvage crew boards grounded drilling rig in Alaska

2013-01-03 07:56:00| Climate Ark Climate Change & Global Warming Newsfeed

MSNBC: A team of six salvage experts boarded, on Wednesday, an oil drilling rig that went aground off an uninhabited island in the Gulf of Alaska. The team was lowered to the Kulluk by a Coast Guard helicopter to conduct a structural assessment of the rig. The experts were on board the rig for about three hours. Earlier efforts to board the rig were put on hold due to severe weather conditions over the past several days. Conditions were calmer on Wednesday. The Kulluk broke loose of its tether...

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No Sign of Spill as Salvage Team Reaches Stranded Alaska Oil Rig

2013-01-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: A salvage team was able to board the stranded Kulluk oil rig where it remained beached Wednesday on a remote Alaska shoreline, and authorities said there was still no evidence of fuel leakage into the churning surf. But questions remained about whether the fuel tanks aboard the vessel were completely undamaged, Coast Guard Capt. Paul Mehler, the federal response commander, said at a briefing Wednesday night. Authorities are primarily worried that fuel stored on board the vessel could leak and...

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Arctic rig salvage effort delayed

2013-01-02 11:21:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Attempts to rescue a Shell drill rig grounded off the Alaskan coast have been delayed because of high seas and strong winds. The rig, named Kulluk, ran aground on Monday after drifting in stormy weather as it was being towed. The rig is grounded on the south-east side of Sitkalidak Island. The US Coast Guard said the rig, carrying about 143,000 gallons of diesel and about 12,000 gallons of other oil products, appears stable. A Coast Guard plane and helicopter flew over the Kulluk on Tuesday...

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