RobJenks

From the images being displayed live on the BP web site , the cap has been installed on the top of the cut riser , but the oil has not been contained .
The well is still flowing at a massive rate.
I don't know what BP's contingency is now , other than the 2 other wells that are currently scheduled for completion in August (early ) or December (late).
Watch BP's shares go into free fall.

Luminous

iTrader: (3)

I wonder if there are some marketing boys at BP who are ready to patent any solution to the issue. Then they can try and sell their solutions to other companies who are deep water drilling.

Either that or BP are going to be in major financial trouble, the Americans are going to hit them with the largest bill they can think of.

dpb

No more bp at this rate ...??

GlesgaKiss

I hope they do come through this. The Americans have been going way over the top here. More of a hindrance than a help.

Maybe they want to eliminate competition for their own companies?

Luminous

iTrader: (3)

I agree, I think its clear that since the company is not American there is no bad news in giving them the largest bill they can think of.

Which of course means that the American companies could possibly stand to gain......capitalism at its best (worst).

RobJenks

I have been watching Fox News from USA since this blow out happened . They are really doing a number on BP and fail to recognise that the drilling contractor is American , all the crew will be American , the procedures will have been approved by Americans , the equipment will be American made , the safety audit would have been conducted by Americans - Yet BP are getting some serious flak. Oh yes BP are listed on the American stock exchange so have a lot of interested American investors - Tony Hayward is in their gun sights . They want him real bad.

David Lock

Putting the cap on is only stage 1 of the plan. So we need to wait if they can complete the job and stormy weather doesn't help. dl

GlesgaKiss

This live feed appears to be showing the cap? http://www.bp.com/liveassets/bp_inte...andi_ROV1.html

This one at work - http://www.bp.com/liveassets/bp_inte...andi_ROV2.html

More here - http://www.bp.com/genericarticle.do?...tentId=7062605

Leslie

I mentioned on another thread that the contractor who did all the installation is a US company.

Wonder why they don't mention that when they shout about BP?

Les

GlesgaKiss

Edit - Statement was 4th May not 4th June like I thought.

LostUser

This is a technical briefing from BP. Really interesting stuff with some great graphics.

I couldn't believe those shears were 18ft long by 9ft high. I guess it's hard to get perspective under the water.

http://bp.concerts.com/gom/kentwells...long053110.htm

Milamber

iTrader: (2)

http://www.thedailymash.co.uk/news/e...-201006042791/


Some rude words so may not be safe for work.

boomer

Thanks for the link - fascinating

mb

Leslie

The scaremongering press is saying the same thing could well happen in the North Sea.

Les

Trout

iTrader: (1)

If BP shares really do into freefall and we lose BP - a lot of people on here will have significantly devalued pensions.

£1 in every £7 in your pension comes from BP dividends!

RA Dunk

The North Sea is nowhere near as deep as that Leslie, divers could do the majority of the work across here.

tathan

Awesome, love the daily mash

And as usual, they're right.

Trout

iTrader: (1)

According to the latest reports the containment cap is retrieving 10,000 barrels of oil per day with more to come. There is a second part of the solution that is being implemented over the next week to capture even more.

If it works, watch BP shares rise.

boomer

Interesting article at the Mail of Sunday where certain "Merkins" are making a fortune out of compo and skimming.

Maybe when the dust, er, mud, er, oil settles, nice Mr Obama might want to apologise to "British Petroleum" (sic) for all of his harsh words?

mb

vindaloo

1200 ft deep maximum vs 5000 ft at the blow-out site in the GoM.

David Lock

1) I could see an argument that says no drilling allowed at depths that exceed depths that cannot be reached by divers in suitable pressure gear.

2) In a normal deep sea operation what does oil company do when oil runs out on a particular reservoir? Do they leave the up-pipe or is it removed?

3) Anyone have any more details of the up-pipe itself? I used to lay pipes (underground) and would be fascinated to know what actual pipe is. I assume all welded steel which is assembled on ship and fed down and 6" - 9" diameter but I may be completely wrong on this

dl

Leslie

Yes thats true of course. Its obvious the media was trying to find a reason to sell more papers as usual!

Les

Leslie

He was trying to get a bit of political capital because he has been heavily criticised in the US for not doing anything to stop the problem. Not only that he keeps blaming Britain when BP is now an international company. It has been reported that he dislikes Britain and the British anyway.

He had been advocating more drilling for oil in the Gulf before all this happened as well!

Les

RobJenks

Apparently his hatred of the British is real - He has even sent back a bust of Winston Churchill that was sitting on the presidential desk.He wont be in office long . He makes one gaff after another .

Leslie

It was reported that it goes back to his grandparents in Africa and is tribal.

Les