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Bodies of 3 workers killed in west Houston stairwell collapse recovered
Read full article: Bodies of 3 workers killed in west Houston stairwell collapse recoveredHOUSTON – The bodies of three workers who were killed in a stairwell collapse at a construction site earlier this week were recovered Wednesday. Houston Fire Department Assistant Chief Michael Mire said crews have been on site since 13 flights of concrete stairs fell on workers Monday at the site of the new Marathon Oil headquarters in west Houston. Mire said they recovered the body of one of the workers after searching the three-story-tall pile of rubble for about two hours Wednesday morning. Authorities have not identified the bodies that were recovered. Family members have identified one of the workers who was killed as 29-year-old Alexander Grandas.
Crews work to find bodies of 3 workers killed in stairwell collapse
Read full article: Crews work to find bodies of 3 workers killed in stairwell collapseHOUSTON – Recovery efforts are underway Tuesday morning to find the bodies of three construction workers who were killed when 13 floors of concrete stairs collapsed. Then a crane is going to remove unstable concrete planks through the roof. “We have to remove those one by one in order to get to the ground floor where the debris field and the bodies are currently located,” said Lozano. Lozano said once crew members gain access to the ground floor, they will reassess the situation and determine how to best remove the debris and the three bodies of the deceased. There is no reason to put the lives of firefighters or technical engineers in danger,” said Lozano.
‘Not safe yet’ to remove bodies in Houston building after stairwell collapse, officials say
Read full article: ‘Not safe yet’ to remove bodies in Houston building after stairwell collapse, officials sayHOUSTON – Members of the Houston Fire Department’s elite rescue team said Monday night it was not safe yet to remove the bodies of three construction workers who were killed when 13 floors of concrete staircases collapsed. After the team rescued a construction worker from the collapse earlier in the day, team members stood by as engineers checked the stability of the perimeter of the collapsed stairwell. A few team members will stand by overnight into Tuesday as construction workers cut holes in the roof of the 15-story future Houston headquarters for Marathon Oil, an HFD captain said. The plan, the captain explained, is to use a crane to remove large portions of the collapsed stairwell through holes in the roof, starting Tuesday. It is unclear when it will be safe to remove the three bodies from the rubble.
Why So Many E&Ps (And Now Oil Service Firms Too) Are Raising Billions On Wall Street
Read full article: Why So Many E&Ps (And Now Oil Service Firms Too) Are Raising Billions On Wall Street2016 has seen a flood of new oil industry equity issues - approaching $10bn in total - as increasingly strained O&G companies try to gain some financial flexibility. Dilutive equity raises at this point in the cycle might best be described as aggressive prudence. E&Ps Hit The Bid First, Oilfield Service Firms May Be NextSo far, most of the new issues have been from E&P companies, but a series of equity raises for oil service firms could be starting now. Weatherford management just extended their liquidity visibility in an uncertain environment marred by falling oil service demand, declining rig counts, and fading credit availability. In oil service, several smaller players will start to breach debt covenants (EBITDA provisions) this year or next without some unforeseen spike in oil prices and activity.