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Made in gb
Longtime Dakkanaut






Sheffield, City of University and Northern-ness

I think we can all agree that this is good news.

link to here

BBC NEWS wrote:BP says oil has stopped leaking

BP says it has temporarily stopped oil flowing into the Gulf of Mexico from its leaking well.

It is the first time the flow has stopped since an explosion on the Deepwater Horizon rig on 20 April.

The well has been sealed with a cap as part of a test of its integrity that could last up to 48 hours.

BP executive Kent Wells said the oil had been stopped at 1425 local time (1925 GMT) and he was "excited" by the progress.
US Oil Spill

"It is very good to see no oil go into the Gulf of Mexico," said Mr Wells.

BP shares rose dramatically in New York trading on Thursday in advance of the flow being stopped.

But BP is stressing that even if no oil escapes for 48 hours, that will not mean the flow of oil and gas has been stopped permanently.

The pressure testing is necessary to check the strength of the well. If the pressure within the cap on top is low, that could indicate oil is leaking out further down the well.

If the pressure remains high, BP and the government will have to decide whether to try and keep the well shut or to leave it open and pipe oil to four vessels on the surface.

The US government's incident commander, Adm Thad Allen, said even if it was successful, the well would be reopened and oil capture by ships on the surface would restart while a seismic test was done.

"We can go back then and put the system under pressure again. Once we are convinced we can certainly consider shutting in the well, that is always possible and we would certainly look to do that."

But he emphasised that the option of shutting in the well - closing all the valves and stopping the flow - was a "side benefit" of the new capping stack.

The priority had always been to increase the amount of oil being captured and piped to the surface, he said.

Whatever happens will be a temporary solution, ahead of a relief well being used to permanently killing the original well with mud and cement.

Work on both of the relief wells is currently suspended because of the integrity test. One of the relief wells is within four or five feet horizontally and 100ft vertically of intersecting.

The pressure test was twice delayed before starting on Thursday, once while additional checks were put in place to allay fears it could make the leak worse, and on Wednesday by a leaking piece of equipment.

Meanwhile, BP continues to face political pressure in the US.

A Congressional committee has agreed measures that would ban the firm from new offshore drilling for seven years.

And in a separate move, Secretary of State Hillary Clinton has said she will look into a request by four senators to investigate allegations that BP lobbied for the release of Lockerbie bomber Abdelbaset al-Megrahi while attempting to finalise an oil deal with Libya.

The 1988 bombing of Pan Am flight 103 killed 270 people - most of them were American.

Megrahi, who has terminal prostate cancer, was freed by Scottish Justice Secretary Kenny MacAskill on compassionate grounds in August 2009 after serving eight years.

In a statement on Thursday, BP admitted it had expressed concern to the UK government about the slow progress of a prisoner transfer agreement between the two countries.

But the firm said it had taken no part in discussions on the decision to free Megrahi.

And the UK ambassador to Washington, Sir Nigel Sheinwald, said: "Claims in the press that Megrahi was released because of an oil deal involving BP, and that the medical evidence used by the Scottish Executive supporting his release was paid for by the Libyan government, are not true."


opinions?

   
Made in gb
Fixture of Dakka





Southampton

You see Obama, we got there eventually Don't know what all the fuss was about really and look at all the free oil louisiana got out of it

   
Made in us
Legendary Master of the Chapter





Chicago, Illinois

LOL It's been banned for 7 years.

From whom are unforgiven we bring the mercy of war. 
   
Made in us
Wrack Sufferer





Bat Country

Flashman wrote:You see Obama, we got there eventually Don't know what all the fuss was about really and look at all the free oil louisiana got out of it


I'm usually all up for joking, but this might become an incredibly serious problem for the South in general if it turns out Corexit can enter the water cycle after a period of time. We'll literally have to evacuate a majority of the Southern states. I'm still miffed with the whole situation, even though it seems close to resolved.

This message was edited 1 time. Last update was at 2010/07/15 23:06:32


Once upon a time, I told myself it's better to be smart than lucky. Every day, the world proves me wrong a little more. 
   
Made in us
Fixture of Dakka






on board Terminus Est

Hells bells !! I live in the south, if any oils comes bubbling up I am gonna sells it !! Seriously serious !



G

ALL HAIL SANGUINIUS! No one can beat my Wu Tang style!

http://greenblowfly.blogspot.com <- My 40k Blog! BA Tactics & Strategies!
 
   
Made in us
Tunneling Trygon





Here's what I love:

BP's stock took a dive, then has been going up and down ever since. Now, today they cap the leak, and what's the stock done? Down 3%.

The stock market is a ridiculous voodoo joke.



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http://jackhammer40k.blogspot.com/ 
   
Made in us
5th God of Chaos! (Yea'rly!)




The Great State of Texas

No thats perffectly correct. The rest of the market is tanking today as that whole recovery thing is not proceeding as scammed. Plus discussions about cutting them off from contracts is a big deal.

-"Wait a minute.....who is that Frazz is talking to in the gallery? Hmmm something is going on here.....Oh.... it seems there is some dispute over video taping of some sort......Frazz is really upset now..........wait a minute......whats he go there.......is it? Can it be?....Frazz has just unleashed his hidden weiner dog from his mini bag, while quoting shakespeares "Let slip the dogs the war!!" GG
-"Don't mind Frazzled. He's just Dakka's crazy old dude locked in the attic. He's harmless. Mostly."
-TBone the Magnificent 1999-2014, Long Live the King!
 
   
Made in us
Dwarf High King with New Book of Grudges




United States

The government has been talking about barring BP from state contracts since (at least) June, so I sincerely doubt that had any significant effect on the market.

And what scam? It isn't as though the employment data from the BLS was conciously manipulated.

Life does not cease to be funny when people die any more than it ceases to be serious when people laugh. 
   
Made in gb
Plummeting Black Templar Thunderhawk Pilot






Worcester, UK

Its a shame that setting light to the spilt oil will cause just as much damage as the oil itself. But didn't I hear that they had started controlled fires in area's?

 
   
Made in us
Napoleonics Obsesser






Glad to live on the east coast!

I guess that's good though. It's about time, really.


If only ZUN!bar were here... 
   
 
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