BP (NYSE:BP) said they have no expectations Tropical Storm Hermine will have any affect on their offshore oil operations, with no production being impacted at this time.
Hermine began forming on Monday morning, and is expected to hit landfall later on Monday near the Texas, Mexican border.
As Hermine makes landfall it's possible it'll reach hurricane strength.
The good news for the oil and gas companies it is forecast to move far away from the major region of the Gulf of Mexico offshore production areas, which accounts for about 30 percent of all crude oil production in the U.S.
More of a concern would be the impact of Hermine when it reaches areas with refineries on land.
Showing posts with label Tropical Storm. Show all posts
Showing posts with label Tropical Storm. Show all posts
Tuesday, September 7, 2010
Wednesday, August 11, 2010
BP (NYSE:BP): "To Kill" or Not "To Kill"
With BP (NYSE:BP) being so close to reaching the relief well, they now have to stop drilling due to approaching storms. Thad Allen, retired Coast Guard Adm. said they are expecting a delay of two or three days in completing the relief well.
There has been no oil spilled since the placement of the temporary cap was placed on top of the well in mid July. The crews will put into place a temporary plug to protect what they've already drilled. They are only lacking another 30 feet until they'll be done. Workers won't be going back to land.
Allen has been insisting for days that BP go ahead and start the bottom kill. On Tuesday he changed his tune, and stated that more testing needed to be completed before a decision could be made.
Allen said, "I'm not sure we know that. I don't want to prejudge whether we are going to do it or not going to do it. It will be conditioned based." He did state that there's a "very low probability"
of the bottom kill not being done. "We will let everyone know" if it changes.
There has been no oil spilled since the placement of the temporary cap was placed on top of the well in mid July. The crews will put into place a temporary plug to protect what they've already drilled. They are only lacking another 30 feet until they'll be done. Workers won't be going back to land.
Allen has been insisting for days that BP go ahead and start the bottom kill. On Tuesday he changed his tune, and stated that more testing needed to be completed before a decision could be made.
Allen said, "I'm not sure we know that. I don't want to prejudge whether we are going to do it or not going to do it. It will be conditioned based." He did state that there's a "very low probability"
of the bottom kill not being done. "We will let everyone know" if it changes.
Monday, July 26, 2010
BP (NYSE:BP) Work Stoppage from "Bonnie" Less Than Expected
Uncertainty as to the magnitude of Tropical Storm Bonnie has estimates of work stoppage by BP (NYSE:BP) up two weeks long. That changed quickly on Saturday, as the storm passed through quickly and with little damage, and vessels quickly began their trek back to the work area.
The good news concerning the storm was it disintegrated into what became essentially a series of thunderstorms and rain showers before it hit the oil well. It was uncertain what would happen once the tropical storm hit the warm Gulf waters, as past experience has at times had the storms gain in strength when that occurs.
If it would have performed in that manner, it could have stopped the relief well drilling effort for up to two weeks. Tropical Storm Bonnie was downgraded to a tropical depression as it weakened.
Only one of the relief well drilling rigs had been detached, so efforts didn't take too long to resume.
The containment cap continues to hold while the drilling continues.
The good news concerning the storm was it disintegrated into what became essentially a series of thunderstorms and rain showers before it hit the oil well. It was uncertain what would happen once the tropical storm hit the warm Gulf waters, as past experience has at times had the storms gain in strength when that occurs.
If it would have performed in that manner, it could have stopped the relief well drilling effort for up to two weeks. Tropical Storm Bonnie was downgraded to a tropical depression as it weakened.
Only one of the relief well drilling rigs had been detached, so efforts didn't take too long to resume.
The containment cap continues to hold while the drilling continues.
Friday, July 23, 2010
Tracking Bonnie Headed Towards BP (NYSE:BP) Oil Spill Site
According to the U.S. National Hurricane Center, tropical storm Bonnie is South of the Bahama's and is heading toward the southern tip of Florida - straight to BP's (NYSE:BP) oil infested waters.
It is on track to hit the Florida Keys tomorrow at 6:15pm at 40 miles per hour. The storm is expected to gain strength as it hits.
The storm is being watched carefully by forecasters to see what it will do as it enters the Gulf and if its on track to hit directly over the BP oil spill site. Jeff Masters, co-founder of weather underground, said that tropical storm winds hitting 50 MPH would force oil into the Louisiana marshes as well as into Lake Pontchartrain.
Travis Hartman, energy manager and meteorologist said, "Oil production in the central to western Gulf should monitor this system for possible increases in intensity, but most rigs can withstand tropical storm force winds fairly well."
It is on track to hit the Florida Keys tomorrow at 6:15pm at 40 miles per hour. The storm is expected to gain strength as it hits.
The storm is being watched carefully by forecasters to see what it will do as it enters the Gulf and if its on track to hit directly over the BP oil spill site. Jeff Masters, co-founder of weather underground, said that tropical storm winds hitting 50 MPH would force oil into the Louisiana marshes as well as into Lake Pontchartrain.
Travis Hartman, energy manager and meteorologist said, "Oil production in the central to western Gulf should monitor this system for possible increases in intensity, but most rigs can withstand tropical storm force winds fairly well."
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