Tuesday, July 17, 2012

Transocean Can Bubble To $59 With Success In Kenyan Deepwater oil drilling


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East Africa’s growing importance in deepwater exploration and production could receive a further boost with oil exploration firms set to drill Kenya’s first deepwater oil well in August. Deepwater activity in the region has grown over the past few years with the discovery of massive gas fields in the Offshore area 1 of Mozambique.
However, with companies set to strike oil in offshore Kenya, exploration could pick up further as companies discover oil prospects. This could result in a major upside for Transocean, the world’s largest offshore drilling company.
Despite several major discoveries of natural gas in offshore East Africa, explorers are still cautious because of the lack of any major oil find. Producers prefer oil discoveries as crude oil can easily be processed and sold in the international markets. Natural gas on the other hand requires costly facilities to convert it into LNG that can be later sold to international markets. If the attempt to drill a crude oil well in Kenya is a success, it could result in a significant increase in exploration activity in the region. Industry experts also suggest that offshore oil fields could be found in other countries such as Mozambique and Madagascar. Exploration efforts are also on in Tanzania, Ghana and Uganda.
According to its April fleet status report, it has one of its ultra deepwater rigs contracted to drill in Mozambique. The company also has other rigs operating in African countries such as Angola, Nigeria and Ghana. Successful discovery of oil in Eastern Africa could result in companies boosting their efforts in the region, resulting in additional contracts for Transocean. This can boost Transocean’s utilization rates as well as its daily revenues as high specification rigs required for deepwater drilling yield higher daily revenues.

Penis tattoo leave man with Parmarnent semi-election

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After having his penis tattooed an unnamed 21 year old Iranian man was left with a permanent semi-erection. The man had the phrase ‘borow be salaamat’ (good luck with your journeys) inked on the shaft of his penis as a dedication to his girlfriend as well as the letter M which is his girlfriend’s Initial. Unfortunately for the man the tattoo resulted in nonischemic priapism, according to doctors from the Kermanshah University of Medical Sciences. They stated that he suffered an arteriovenous fistula in his penis as a result of a tattoo needle being plunged too deep, the doctors who treated the unnamed man wrote ‘In our case, most probably, the handheld needle penetrated the penis too deep, creating an arteriovenous fistula,’  in the Journal of Sexual Medicine. The definition of a fistula is: A connection between two organs or vessels that are not normally linked. For the young man this was between an artery and a vein in his penis caused by the tattoo. The doctors also stated in the Journal of Sexual Medicine that: ‘For eight days after tattooing, the penis was painful, and thus there were no erections. After that, the patient noticed longer-than-usual sleep-related erections. This progressed, within a week, to a constantly half-rigid penis, day and night.’ Normally when a man’s penis becomes erect, blood rushes in through the arteries and later leaves through the veins. However when a nonischemic priapism occurs , blood continues to fill the penis faster than it can leave which results in pressure remaining constant and the penis permanently erect. Nonischemic priapism takes its name from the Roman deity Priapus who was a rustic fertility god and protector of livestock, gardens and male genitalia. He is seen depicted with an absurdly oversized, permanent erection. For the unnamed Iranian man, researchers stated that the problem resolves itself naturally 62 per cent of the time. But if it doesn’t men have the option of selective arterial embolism which is a procedure that blocks the offending artery. In the case of the unfortunate young man he apparently chose to have a shunt implanted to drain the excess blood. According to researchers: ‘Predictably, the procedure was unsuccessful,’ the authors wrote. But happily the man was left with no lasting damage. They stated: ‘Because of the painless nature of erections, moderately good preservation of erectile function during intercourses, and disappointment with former surgery, the patient has declined to undergo further therapies, and lives with his condition. The patient has no regrets, despite his permanent erection. Nevertheless, the authors warned against others considering the same. Based on our unique case, we discourage penile tattooing.’

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