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BP Turns to LMRP Cap Containment System
Sunday, May 30, 2010

BP started the "top kill" operations to stop the flow of oil from the MC252 well in the Gulf of Mexico at 1300 CDT on May 26, 2010.
The procedure was intended to stem the flow of oil and gas and ultimately kill the well by injecting heavy drilling fluids through the blow-out preventer on the seabed, down into the well.
http://www.rigzone.com/news/article.asp?a_id=93916&hmpn=1
 
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US Interior Dept. Offers Deepwater Drilling Moratorium Details
by Siobhan Hughes

Dow Jones Newswires

WASHINGTON (Dow Jones Newswires), May 31, 2010
The Obama administration said on Sunday that a six-month ban on drilling exploratory oil and gas wells in the deep waters of the Gulf of Mexico applies in a broad sense, including a moratorium on adding to deepwater exploratory wells that have already been drilled.
http://www.rigzone.com/news/article.asp?a_id=93919&hmpn=1
 
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06/01/2010 - Updated 8:57 AM ET
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Price of crude-oil futures falls as dollar gains
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By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures declined Tuesday, down nearly $2 a barrel in recent trades, as worries about Europe's debt troubles had investors seeking refuge in the U.S. dollar, helping push the euro to a four-year low.
Oil for July delivery fell $1.56, or 2.1%, to $72.42 a barrel on the Comex division of the New York Mercantile Exchange. The contract on Friday ended at $73.97 a barrel to cap the worst monthly performance for the most active contract since December 2008.
http://markets.usatoday.com/custom/...S&guid={1915FA98-948D-4DA2-B744-4A9521A7B3A0}
 
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06/01/2010 - Updated 12:48 PM ET
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Oil resumes fall as optimism after ISM data fadesNatural gas, gasoline futures also fall
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell Tuesday, leaving behind the gains achieved after a better-than-expected read on manufacturing to resume a decline based on lingering concerns about global demand for energy and BP Plc's failed effort to plug its leaking oil well in the Gulf.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7B1915FA98%2D948D%2D4DA2%2DB744%2D4A9521A7B3A0%7D
 
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What the heck?:nuts:

Efforts to End Oil Flow From BP Well Are Over, Coast Guard Says

By Jim Polson


June 1 (Bloomberg) -- BP Plc has decided not to attach a second blowout preventer on its leaking well in the Gulf of Mexico and efforts to end the flow are over until the relief wells are finished, according to the U.S. Coast Guard’s Thad Allen, who spoke at a press conference today.
Last Updated: June 1, 2010 13:41 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=akSN5OpOOiLg&pos=8
 
nnuut said:
What the heck?:nuts:

Efforts to End Oil Flow From BP Well Are Over, Coast Guard Says

By Jim Polson


June 1 (Bloomberg) -- BP Plc has decided not to attach a second blowout preventer on its leaking well in the Gulf of Mexico and efforts to end the flow are over until the relief wells are finished, according to the U.S. Coast Guard’s Thad Allen, who spoke at a press conference today.
Last Updated: June 1, 2010 13:41 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=akSN5OpOOiLg&pos=8
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There is nothing that I can find to substantiate this article. They are still trying to cut the riser and lower another apparatus on top to vacuum the oil to a tanker?:confused:
 
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Warrenlm said:
"Reports that BP had canceled all rescue plans were based on a headline from Bloomberg: Efforts to End Oil Flow From BP's Leaking Well Are Over, Coast Guard Says. While BP is ending efforts to halt the flow, it will [be] continuing efforts to capture the flow."​





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There Ya go, I'm still learning to read!:embarrest:
BP DENIES RUMORS THAT IT'S ABORTING LATEST ATTEMPT TO PLUG LEAK​



UPDATE: Reached by Business Insider, Coast Guard rep Elizabeth Bordelon denied rumors that it's discontinuing attempts to attach a new blowout preventer and stem the flow. Meanwhile, the AP is also reporting the same thing, that Thad Allen called the process ongoing. We hope to have a definitive adjudication shortly.
http://www.businessinsider.com/disaster-bp-already-aborts-plan-to-attach-second-blowout-preventer-2010-6#ixzz0pdRk9UhE​

 
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06/01/2010 - Updated 5:22 PM ET
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Oil ends nearly 2% lower on volatile tradingNatural gas, gasoline futures also fell
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude futures ended lower Tuesday, in a volatile session where lingering concerns about global demand for energy outlasted bouts of optimism following positive U.S. macroeconomic data.
Oil for July delivery lost $1.39, or 1.9%, at $72.58 a barrel on the Comex division of the New York Mercantile Exchange.
The barrel opened lower and later turned higher on reports showing improvements in manufacturing and housing construction, but these gains were short-lived. [more]
http://markets.usatoday.com/custom/...-4DA2-B744-4A9521A7B3A0}&loc=interstitialskip
 
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06/02/2010 - Updated 10:43 AM ET
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Crude reverses to gains; stocks, home sales provide boost
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures gained Wednesday as some of the concerns about global demand for energy and the world's economic recovery dissipated after a better-than-anticipated report on home sales and a recovery in U.S. stocks.
Crude oil for July delivery, the most active contract, rose 27 cents, or 0.3%, to $72.83 a barrel on the New York Mercantile Exchange.
Oil got a little boost from U.S. stocks moving modestly higher, as well as a rise in pending home sales index by 6% in April after an upwardly revised 7.1% increase in March.
http://[URLmarkets.usatoday.com/cus...d={64565123-B68D-4CD0-9185-645939BE811F}[/URL]
 
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Effort to contain Gulf oil stalls with stuck saw

Latest effort to contain Gulf oil spill stalls when saw gets stuck in pipe

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Memorial crosses symbolizing what is lost due to the Deepwater Horizon oil rig explosion and oil spill stand in the front yard of a house in Grand Isle, La., Tuesday, June 1, 2010. "This is breaking people," property owner Patrick Shay, not pictured, said of the spill's effect on Grand Isle residents. (AP Photo/Patrick Semansky)

Greg Bluestein and Brian Skoloff, Associated Press Writers, On Wednesday June 2, 2010, 10:39 am EDT


http://finance.yahoo.com/news/Effor...28.html?x=0&sec=topStories&pos=4&asset=&ccode=
 
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06/02/2010 - Updated 2:17 PM ET
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Crude reverses to gains; stocks, home sales provide boostGasoline futures rise 2.5% on strong auto sales numbers
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By Claudia Assis, MarketWatch & Nick Godt, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose Wednesday as some of the concerns about demand for energy products in the U.S. dissipated after a better-than-anticipated report on home sales and a recovery in U.S. stocks. [more]
http://markets.usatoday.com/custom/...S&guid={64565123-B68D-4CD0-9185-645939BE811F}
 
Silverbird said:
BP just got their saw unjammed sez CNN.
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That was over 2 hours ago...Silverbird..if you like to watch blow by blow live action..you can view what is going on here...careful it's addicting

LIVE FEED

The saw thingy is hanging and I'm thinking they are gonna pull it to the surface and refit it with a new blade or try using something else.
 
06/03/2010 - Updated 9:27 AM ET
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Crude futures edge past $73; U.S. inventories data on tap
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By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. crude-oil futures edged slightly higher Thursday, gaining after American Petroleum Institute data pegged inventories as having dropped more than anticipated last week.
Separately, the government revised downward first-quarter U.S. productivity to a 2.8% growth rate from the 3.6% previously estimated.
Crude for July delivery rose 28 cents to stand at $73.14 a barrel on the Comex division of the New York Mercantile Exchange.
http://markets.usatoday.com/custom/...S&guid={D66511ED-8BAF-411F-9516-E53D96C12E53}
 
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06/03/2010 - Updated 11:51 AM ET
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:mad:
Crude extends gains as drop in inventories buoys pricesEIA reports larger-than-expected drop in oil, gasoline stockpiles
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatch

SAN FRANCISCO (MarketWatch) -- U.S. crude-oil futures surged Thursday, finding their stride after a report showed a larger-than-expected decrease in the nation's stockpiles of oil and gasoline.
Crude for July delivery, the most active contract, rose $1.01, or 1.4%, to $73.86 a barrel on the New York Mercantile Exchange. That followed tepid gains that at times were measured in nickels and pennies.
http://markets.usatoday.com/custom/...S&guid={D66511ED-8BAF-411F-9516-E53D96C12E53}
 
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Higher oil prices on the way:mad:

By Blake Ellis, staff reporterJune 3, 2010: 7:32 PM ET

NEW YORK (CNNMoney.com) -- As oil demand jumps to fresh highs and supplies fall, crude prices are climbing and poised for further gains this summer, signaling that higher costs at the pump may also be on the way.
"The much higher demand lately is a sign that the economy is getting better," he said. "I think we're going to start seeing higher prices and a bull market over the next eight to 12 weeks and through the end of summer."
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Gas prices heading higher?: [more]
http://money.cnn.com/2010/06/03/markets/oil/index.htm
 
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