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BP deploys second containment box

By the CNN Wire Staff
May 12, 2010 7:21 a.m. EDT

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The Viking Poseidon lowers the top hat device into the Gulf of Mexico at the site of the oil spill late Monday night.


Venice, Louisiana (CNN) -- BP is lowering a second oil containment box in an effort to stop a weeks-long oil leak in the Gulf of Mexico, the oil company said.
A larger containment vessel was unsuccessful in stopping the flow of oil from the gusher about 5,000 feet underwater. The spill is sending 210,000 gallons of crude into the Gulf of Mexico each day.
Called "top hat," the 5-foot-tall, 4-foot-diameter structure weighs less than two tons. The structure is being deployed by the drill ship Enterprise.
http://www.cnn.com/2010/US/05/12/oil.spill.main/index.html?hpt=T1
 
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I'm betting on the smaller box doing its job. I think things will get a little better when the oil is not messing up the gulf.:)
 
Investigators: Leak caused well device to fail

Investigators: Leak caused key device to fail; confusion about methane in pipes before blast

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The Viking Poseidon lowers the top hat device at the site of the Deepwater Horizon oil spill in the Gulf of Mexico off the coast of Louisiana Tuesday, May 11, 2010. (AP Photo/Gerald Herbert, Pool)

H. Josef Hebert And Frederic J. Frommer, Associated Press Writers, On Wednesday May 12, 2010, 12:17 pm EDT
WASHINGTON (AP) -- A key safety device known as the blowout preventer used in the BP oil rig in the Gulf had a hydraulic leak and other problems that likely prevented it from working as designed, congressional investigators said Wednesday.[more]
http://finance.yahoo.com/news/Inves...06.html?x=0&sec=topStories&pos=3&asset=&ccode=
 
I hope you people can read between the lines here, watch your wallets!!:mad:

Top senators introduce comprehensive energy bill

By the CNN Wire Staff
May 12, 2010 5:10 p.m. EDT

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Sens. John Kerry, D-Massachusetts, right, and Joe Lieberman, I-Connecticut, introduced new energy legislation.


Washington (CNN) -- Two leading senators on Wednesday introduced a sweeping energy and climate change bill intended to cut U.S. greenhouse gas emissions and reshape the energy sector for the 21st century.
Sens. John Kerry, D-Massachusetts, and Joe Lieberman, an independent from Connecticut who sits with the Democratic caucus, said the proposal offered a broad-based approach that would end the nation's dependence on foreign oil while keeping U.S. industry competitive.
http://www.cnn.com/2010/POLITICS/05/12/senate.energy.bill/index.html?hpt=T1
 
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Top Hats May Be Operational Friday
Rigzone Staff
|
Wednesday, May 12, 2010

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BP expects to deploy two "top hat" devices with different functions at the site of the leaking Macondo well by Friday, the company's chief operating officer said during a Wednesday afternoon press conference.
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A riser insertion tube, which Doug Suttles described as a second top hat, will be placed inside the end of the leaking riser to contain crude oil. He pointed out that the second top hat, which at press time was en route to the incident site, also could help to prevent gas hydrate formation.
The other top hat, a smaller version of the containment dome that became clogged with gas hydrates over the weekend, is on the seabed and will be positioned above the leak from the damaged riser. The smaller dome is designed to limit the amount of seawater that can be trapped underneath, thus preventing hydrates from forming. In addition, the small size is expected to facilitate heating and methanol insertion -- again, to limit hydrates.
http://www.rigzone.com/news/article.asp?hpf=1&a_id=93242
 
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05/13/2010 - Updated 9:47 AM ET
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Oil prices retreat below $75 a barrel
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell Thursday, as concerns over European growth weighing on the euro and lifting the dollar, leading the price of a barrel to under $75 a barrel, its lowest price in nearly three months.
Crude for June delivery, the most active contract, lost $1.35, or 1.8%, to $74.36 a barrel on the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...-49E7-A9A9-2E98BF5C6335}&loc=interstitialskip
 
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05/14/2010 - Updated 8:18 AM ET
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Oil futures drop for fourth session ahead of economic data
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By Polya Lesova, MarketWatch

FRANKFURT (MarketWatch) -- Oil futures fell for a fourth consecutive session on Friday, as jitters about Europe's debt woes raised concerns about the sustainability of the global economic recovery.
Crude for June delivery dropped $1.21 to $73.19 a barrel in electronic trading on Globex. It earlier hit an intraday low of $72.72 a barrel.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1A66DEC6%2DA7DB%2D4653%2D9F10%2DD1C80C4593B5%7D
 
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I'll be leaving at 14:00 today, trip will take about 4 1/2 hours so that will be after close/settle. If you need an update go to Oil Slick HOME Page link in my signature, there are links to Gas and Oil data there. Atlanta here I come!!:cool:
 
Feds approve use of underwater dispersants for oil spill

May 15, 2010 4:59 a.m. EDT

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BP executive on response to oil spill

New Orleans, Louisiana (CNN) -- The Coast Guard and the Environmental Protection Agency planned a new tactic Saturday against the massive oil leak in the Gulf of Mexico, authorizing BP to use oil dispersants.
http://www.cnn.com/2010/US/05/15/gulf.oil.spill/index.html?hpt=P1&iref=NS1
 
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