BP's (NYSE:BP) has released their latest report today of the Gulf oil leak costs. The total has reached $3.12 billion for the cleaning, capping, and payouts to government, businesses, and individuals. This amount does not include the $20 billion fund that was agreed upon and set up last month.
BP officials said that the tropical storms and continued turbulent weather has not inhibited the drilling of the two relief wells. They're still slightly ahead of schedule for the projected timeframe of early to mid-August for the completion of the drilling and plug to be in place. The burning of oil and gas continues without any delays at the site.
The weather and turbulant seas have delayed being able to bring in another vessel called the Helix Producer. Officials are saying the vessel will more than double the amount of oil able to be collected and then burned. It connects with the leaking well by a flexible hose that can disconnecting and reconnecting quickly due to bad weather.
There is also a giant Taiwanese oil skimming devise is called "A Whale," that has been being tested over the weekend North of BP's leaking well. Because of the choppy seas they had to stop the testing. According to the National Weather Service this bad weather is expected to continue on into next week.
Showing posts with label oil skimming. Show all posts
Showing posts with label oil skimming. Show all posts
Monday, July 5, 2010
Tuesday, June 29, 2010
Chevron (NYSE:CVX) Gets First Bill From Oil Spill
Chevron (NYSE:CVX) has received their first bill from the city of Utah for their oil spill in Red Butte Creek, the total of which is $125,000 for the first 48 hours. Most of this cost was from the initial police officers, firefighters, and utility crews who were on the scene June 12th and June 13th.
This bill is just for the basics, it does not include any of the long term estimates for the fuel cleanup, equipment costs, or the cost of the city's environmental consultant. This is just the first of many more bills to come. The breakdown of the expenses is, $53,000 for water cleanup teams, $12,000 for police security, $9,000 was added on by the Mayor's office, as well as $33,000 for firefighter efforts to contain the oil.
Chevron has maintained from the beginning that they would pay for all costs associated with the oil spill. Oil skimming is continuing along the Jordon River. The effects to aquatic wildlife seems to be minimal although the long term effects are still unknown. There have been several hundred waterfowl, the majority being geese who have been cleaned of the oil and released into Clear Lake. Officials said that less than 10 of the treated birds have died.
So far, crews have gotten about 610 barrels of the 800 barrels that were spilled by Chevron's pipeline. The cause of the break is still unknown but under investigation. The oil pipeline has been repaired and is fully operational again.
This bill is just for the basics, it does not include any of the long term estimates for the fuel cleanup, equipment costs, or the cost of the city's environmental consultant. This is just the first of many more bills to come. The breakdown of the expenses is, $53,000 for water cleanup teams, $12,000 for police security, $9,000 was added on by the Mayor's office, as well as $33,000 for firefighter efforts to contain the oil.
Chevron has maintained from the beginning that they would pay for all costs associated with the oil spill. Oil skimming is continuing along the Jordon River. The effects to aquatic wildlife seems to be minimal although the long term effects are still unknown. There have been several hundred waterfowl, the majority being geese who have been cleaned of the oil and released into Clear Lake. Officials said that less than 10 of the treated birds have died.
So far, crews have gotten about 610 barrels of the 800 barrels that were spilled by Chevron's pipeline. The cause of the break is still unknown but under investigation. The oil pipeline has been repaired and is fully operational again.
Monday, June 7, 2010
BP (NYSE:BP) Update: Containment Berms and Oil Skimming
Although there is optimism over BP'S (NYSE:BP) containment cap that was successful placed on Thursday, the harmful effects of the estimated 23 million to 50 million gallons that have already polluted the ocean and now our shorelines despite placing containment berms, cannot be denied. Not to mention in an already bad economy oil stocks and investments have plummeted. These are just a couple of the constant reminders of just the beginning effects of the oil spill tragedy.
Kelcey Forrestier, a biology graduate visiting Florida's Okaloosa area said, "oil doesn't just go away, oil doesn't disappear. It has to go somewhere and its going to come to the Gulf beaches." He said its obvious that this oil damage will go on for years to come.
The oil is also making its appearance in Texas. Government officials stated Sunday that for the first time, oiled and dead birds are being seen there. The governments wildlife report did not go into any details on the circumstances. Jim Suydam, Texas General Land Office spokesman, said he hadn't heard about the birds and the oil was still around 100 miles away from the border. It's also reported that the oil sheen is around 150 miles from Tampa, Florida.
Alabama's coastlines continue to get hammered with oil as well. Thad Allen, the Coast Guard Administrator for the government, has ordered more oil cleanup crews for oil skimming and additional containment berms, after surveying the area by air. "It's so widespread, and its intermittent. That's what is so challenging about this. Everyone wants certainty. With an oil spill like this, there isn't any," said Allen.
BP stated that they are planning a $360 million plan to put up six sand berms. This effort is being done with the intention to prevent oil from spreading, thus protecting the Louisiana wetlands. Although this is a grand gesture, it may be to little to late.
Kelcey Forrestier, a biology graduate visiting Florida's Okaloosa area said, "oil doesn't just go away, oil doesn't disappear. It has to go somewhere and its going to come to the Gulf beaches." He said its obvious that this oil damage will go on for years to come.
The oil is also making its appearance in Texas. Government officials stated Sunday that for the first time, oiled and dead birds are being seen there. The governments wildlife report did not go into any details on the circumstances. Jim Suydam, Texas General Land Office spokesman, said he hadn't heard about the birds and the oil was still around 100 miles away from the border. It's also reported that the oil sheen is around 150 miles from Tampa, Florida.
Alabama's coastlines continue to get hammered with oil as well. Thad Allen, the Coast Guard Administrator for the government, has ordered more oil cleanup crews for oil skimming and additional containment berms, after surveying the area by air. "It's so widespread, and its intermittent. That's what is so challenging about this. Everyone wants certainty. With an oil spill like this, there isn't any," said Allen.
BP stated that they are planning a $360 million plan to put up six sand berms. This effort is being done with the intention to prevent oil from spreading, thus protecting the Louisiana wetlands. Although this is a grand gesture, it may be to little to late.
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