You will pay is what is being told to BP (NYSE:BP), Transocean (NYSE:RIG), Halliburton (NYSE:HAL), and Cameron (NYSE:CAM). This demand is coming from 11 East Coast states that have already told BP they put the full responsibility of the damage from the oil spill disaster onto their shoulders.
Connecticut's Attorney General, Richard Blumenthal said, "even without oil actually reaching the Connecticut shoreline, this massive oil spill could still impose damage and destruction to the entire Atlantic coastline." Marine life and birds are likely to be "severely damaged."
Blumenthal added, "Connecticut and a coalition of states are putting BP and affiliated companies on notice that we will not pay the price for their monumental failures." This request seems a little premature considering there has yet to be any damage or destruction done.
Meanwhile, the containment cap that BP is using to contain the oil on Sunday captured 14,570 barrels of oil. While using a secondary containment system to burn off oil, burned 8,720 barrels on Sunday. Between the two systems there is a daily average of 28,000 barrels being captured.
Showing posts with label Secondary Containment System. Show all posts
Showing posts with label Secondary Containment System. Show all posts
Monday, June 21, 2010
Sunday, June 6, 2010
BP (NYSE:BP) UPDATE: Fuel Spill Containment, Secondary Containment System Planned
After so much hype and build up on BP's (NYSE:BP) fuel spill containment efforts, they have finally had success. At least in preventing some of the crude oil to continue to flow into the ocean. The device known as the containment cap, has been successfully placed on top of the pipe that BP was able to cut with giant sheers.
Tony Hayward, BP's chief executive, said on Sunday that his belief is the cap would most likely capture "the majority, probably the vast majority" of the oil still spewing out of the well. BP is purposefully gradually increasing the amount of oil being captured, this is in order to hopefully minimize the amount of water getting in and creating a frozen slushy sort of consistency. This has happened before in a different oil containment attempt.
On Saturday, the cap was able to capture about 441,000 gallons of spilling oil, this is a considerable rise from Fridays estimate of close to 250,000 gallons of oil being contained, according to BP spokesman Mark Proegler. Although nobody has any definite numbers on how much oil is leaking daily into the Gulf, the estimate is anywhere from 500,000 to 1 million gallons of crude oil being lost everyday close to the sea floor.
Hayward told BBC that they are planning a secondary containment system, expected to be completed by next weekend. BP is also hoping to set up additional hoses and pipes which would help increase the amount of oil being captured.
Tony Hayward, BP's chief executive, said on Sunday that his belief is the cap would most likely capture "the majority, probably the vast majority" of the oil still spewing out of the well. BP is purposefully gradually increasing the amount of oil being captured, this is in order to hopefully minimize the amount of water getting in and creating a frozen slushy sort of consistency. This has happened before in a different oil containment attempt.
On Saturday, the cap was able to capture about 441,000 gallons of spilling oil, this is a considerable rise from Fridays estimate of close to 250,000 gallons of oil being contained, according to BP spokesman Mark Proegler. Although nobody has any definite numbers on how much oil is leaking daily into the Gulf, the estimate is anywhere from 500,000 to 1 million gallons of crude oil being lost everyday close to the sea floor.
Hayward told BBC that they are planning a secondary containment system, expected to be completed by next weekend. BP is also hoping to set up additional hoses and pipes which would help increase the amount of oil being captured.
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