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Another offshore Gulf of Mexico oil platform has exploded into flames today and it’s uncertain what the status of a potential oil leak is.
Mariner Energy, the company that owns the platform, reported a slight oil sheen that measured one nautical mile by 100 feet.
Gulf Oil Platform was Active at Time of Explosion
Mariner Energy has told [...]
The Arctic is set to become the world’s last dash, or “crude rush” for oil after Edinburgh based Cairn Energy signals that oil may be found off Greenland, one of the world’s last untapped fields.
Underlining its efforts to ensure safe drilling off Greenland, Cairn Energy said “Cairn has always recognised that drilling offshore Greenland would [...]
The BP Gulf oil well kill process due to be completed around now is on hold as wedged cement between two layers of casing may have stopped sealing the well, trapping leaked crude oil inside the void.
BP and US government representatives had hoped to complete a “bottom kill” procedure and officially pronounce the well dead [...]
BP says the “static kill” of its ruptured Gulf of Mexico oil well has been a success and is a big step towards sealing the oil spill permanently.
“The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, which is the desired outcome of the static kill procedure carried out,” BP [...]
BP will begin it’s latest operations to make a permanent plug on the Gulf oil well in the coming days and is now preparing to install a casing in the relief well.
The operation, called a static kill, will start tomorrow or on August 3rd, Kent Wells, BP senior vice president for exploration and oil production [...]
The US Coast Guard dispatched emergency teams Tuesday after a boat crashed into an oil well off the coast of New Orleans, spilling crude oil into the Gulf of Mexico.
Oil is shooting into the air over the US Gulf of Mexico after dredge barge hit a wellhead in the shallow waters of Barataria Bay off [...]
BP has said it plans to offset the entire cost of its Gulf oil spill against its tax bill, reducing future contributions to US tax coffers by almost $10bn.
BP took a pre-tax provision of $32.2bn in its accounts for the period, for the cost of capping the well, cleaning up the spill, compensating victims and [...]
BP confirms the company posted losses of £11bn for the second quarter of the year and will write off £20.8bn to cover the cost of the Gulf of Mexico oil spill.
BP will today unveil plans to double the amount of assets up for sale from £6bn to more than £12bn in a bid to [...]
BP restarts work today to permanently plug and kill the Gulf oil well after tropical storm Bonnie dissipates and the well pressure is holding up to general expectations.
BP continues to monitor pressure inside the well and watch for any leaks that could erupt into a new gusher.
BP Well Pressure Holding Up
Pressure at the top [...]
Key ships stationed over BP’s Gulf oil spill site were ordered to evacuate yesterday ahead of Tropical Storm Bonnie and engineers have grown so confident in the leaky cap fixed to the well head that they will leave it closed while they are away.
Tropical Storm Bonnie, which cruised over the Bahamas and was to enter [...]
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Brent oil trading higher, over $73 amid rising US oil stocksBrent oil futures are trading firm over $73 a barrel on Thursday amid the latest report from the US confirms that oil stocks in the United States rose, which was a surprise for many analysts.
In London, Brent crude oil futures for October 2010 delivery was trading at $73.44 a barrel, 08.00 GMT on the ICE [...]
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