Oil Slick Stuff

07/16/2010 - Updated 1:02 PM ET
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Crude futures fall 1% as consumer sentiment drops
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By Claudia Assis, MarketWatch & Kate Gibson, MarketWatchhttp://markets.usatoday.com/custom/...S&guid={8AC36A45-7D9A-4AE3-B6EF-C275ADBBEB3E}
 
Ah, for us who only know enough about engineering and underwater pressures to know it's dangerous down there; what you are saying is:

The deep underwater and underground pipes appear to be sound (it was the valve and above that failed) so why not put in a new rig above a working pipe instead of making another hole?

I was just throwing the question out there. I am not worthy:confused:
 
If the well is OK I could go along with that, they haven't proved that as of now. They're going to drill more close to the same spot anyway, don't you think? What are we disagreeing about anyway, nothing.:)
The weekend is here, tomorrow I have a BBQ/Pool Party, Smoked Boston Butt and Chicken, gonna be good.:toung: Pig_roast.gif
 
Picked up two pork butts and a briskett yesterday. Have a buddies retirement party coming up. Ah the open pit. I can smell it already.
 
I don't care where, what style, what you do , when you BBQ pork it IS good!:D
 
Does it work or not? BP tries to make sense of puzzling readings from busted well


Published July 17, 2010
| Associated Press


AP
July 16: Workboats operate near BP's Transocean Development Drilling Rig II at the site of the Deepwater Horizon explosion in the Gulf of Mexico.

NEW ORLEANS
The waiting game continued Saturday morning as engineers kept vigil over the massive cap holding back oil from BP's busted Gulf well, their eyes glued to monitors in a faraway control room that displayed pressure readings, temperature gauges and underwater images.
Their round-the-clock work deciphering a puzzle of data from undersea robots and instruments at the wellhead is helping BP and the government determine whether the cap is holding tight as the end of a critical 48-hour testing window approaches. Signs so far have been promising but inconclusive.
Saturday afternoon will mark two full days since BP stopped the oil from leaking into the Gulf and entered into the pressure-testing phase. At that point engineers could offer more definitive evidence that the cap is working, or call for more testing. At any time before then, they could also reopen the cap and allow some oil to spill into the sea again. Scientists are watching for leaks either in the well itself or the sea floor.
Kent Wells, a BP PLC vice president, said on an evening conference call that engineers had found no indication that the well has started leaking underground.
"No news is good news, I guess that's how I'd say it," Wells said.

One mysterious development was that the pressure readings were not rising as high as expected, said
Coast Guard Adm. Thad Allen, the government's point man on the crisis.
Allen said two possible reasons were being debated by scientists: The reservoir that is the source of the oil could be running lower three months into the spill. Or there could be an undiscovered leak somewhere down in the well. Allen ordered further study but remained confident.
"This is generally good news," he said. But he cautioned, "We need to be careful not to do any harm or create a situation that cannot be reversed."
Inside BP's command center hundreds of miles away in Houston, engineers, scientists and technicians have been carefully monitoring reams of data around the clock, BP's chief operating officer, Doug Suttles, told The Associated Press Friday. Other engineers watched on monitors aboard ships at sea.
"You've got a very, very focused group of people because this is very important," Suttles said.
Asked if people are nervous, knowing the whole world is watching and government officials are sitting with them to monitor their work, Suttles replied: "I wouldn't say they are nervous. I would use the word focused."
Throughout the day, no one was declaring victory — or failure. President Barack Obama cautioned the public "not to get too far ahead of ourselves," warning of the danger of new leaks "that could be even more catastrophic."
Even if the cap passes the test, more uncertainties lie ahead: Where will the oil already spilled go? How long will it take to clean up the coast? What will happen to the region's fishermen? And will life on the Gulf Coast ever be the same again?
On Thursday, BP closed the vents on the new, tight-fitting cap and finally stopped crude from spewing into the Gulf of Mexico for the first time since the April 20 oil-rig explosion that killed 11 workers and unleashed the spill 5,000 feet down.
With the cap working like a giant cork to keep the oil inside the well, scientists kept in case the buildup of pressure underground caused new leaks in the well pipe and in the surrounding bedrock that could make the disaster even worse.
Pressure readings after 24 hours were about 6,700 pounds per square inch and rising slowly, Allen said, below the 7,500 psi that would clearly show the well was not leaking. He said pressure continued to rise between 2 and 10 psi per hour. A low pressure reading, or a falling one, could mean the oil is escaping.
But Allen said a seismic probe of the surrounding sea floor found no sign of a leak in the ground.
Benton F. Baugh, president of Radoil Inc. in Houston and a National Academy of Engineering member who specializes in underwater oil, warned that the pressure readings could mean that an underground blowout could occur. He said the oil coming up the well may be leaking out underground and entering a geological pocket that might not be able to hold it.
But Roger N. Anderson, a professor of marine geology and geophysics at Columbia University, said the oil pressure might be rising slowly not because of a leak, but because of some kind of blockage in the well.
"If it's rising slowly, that means the pipe's integrity's still there. It's just getting around obstacles," he said. He added that "any increase in pressure is good, not bad." [more]
http://www.foxnews.com/us/2010/07/16/gulf-geyser-control-coastal-residents-watch-wait-holds/
 
Today's Trends: Poll Finds Drilling Moratorium 'Unnecessary'
Rigzone Staff
|
Friday, July 16, 2010

trends_GOM_spill_poll.gif

A recent national poll by Bloomberg revealed that 73 percent of Americans opposed the deepwater drilling moratorium put in place by the Obama Administration, saying it was unnecessary and that the U.S. Gulf oil spill is a "freak accident."


[more]
http://www.rigzone.com/news/article.asp?a_id=96192&hmpn=1
 
No sign of leaks as capped well nears 48 hours

"NEW ORLEANS – BP was encouraged Saturday as the final hours ticked away on a two-day trial run of a massive cap on its busted Gulf of Mexico well, saying there no signs of new leaks and oil was being kept out of the water.
Kent Wells, a BP PLC vice president, said there was no evidence from an array of pressure, temperature, sonar and other readings that oil was escaping through the sea floor or anywhere else in the well".

http://news.yahoo.com/s/ap/20100717/ap_on_bi_ge/us_gulf_oil_spill
 
This is about the only good news we have received lately. Why did it not buoy the market?
Good question..also it didn't sink the markets (at least the oil market) either..Which all proves that our (US) oil production is a drop in the bucket against the world's supply to the demand..in other words, we still depend on the OPEC producers, et al, and they drive the markets.:suspicious:

Gotta say it...DRILL baby DRILL!
 
Government says leak detected 'a distance from' oil well

By the CNN Wire Staff
July 18, 2010 10:28 p.m. EDT Video:
(CNN) -- The federal government's oil spill response director says testing has revealed that there is a "detected seep a distance from the well" and has ordered BP to quickly notify the government if other leaks are found.
"When seeps are detected, you are directed to marshal resources, quickly investigate, and report findings to the government in no more than four hours," retired Adm. Thad Allen said in a letter to BP Chief Managing Director Bob Dudley. "I direct you to provide me a written procedure for opening the choke valve as quickly as possible without damaging the well should hydrocarbon seepage near the well head be confirmed."
BP spokesman Mark Salt said Sunday night that he had no information about the leak mentioned in Allen's letter. The letter does not provide further details about where the leak was spotted or how big it is.
It was unclear from Allen's letter, released Sunday evening, whether testing on the well had been extended. It was scheduled to last at least until 4 p.m. Sunday. Earlier in the day Allen said officials could decide to extend it in 24-hour increments.

it's stopping," Salt said.

In his letter Sunday, Allen asked BP to provide its "latest containment plan and schedule in the event that the Well Integrity Test is suspended" within 24 hours and said the company should be prepared to discuss its efforts to detect leaks during a regular conference call between BP and government scientists that was scheduled for 9 p.m. ET.
Earlier Sunday BP Chief Operating Officer Doug Suttles said a variety of tests showed oil and gas were not escaping from the well, noting that the recently recapped oil well in the Gulf of Mexico could remain closed until the relief well is drilled if tests remained favorable.
"No one associated with this whole activity wants to see any more oil flow into the Gulf of Mexico," Suttles told reporters Sunday morning. "We will continue integrity tests all the way until we get the well killed. There is no target to return the well to flow."
Allen said earlier Sunday that testing would determine whether keeping the well capped was the right solution. Pressure testing results in the well have been lower than expected, he said, which means oil could be leaking out from below.
"While we are pleased that no oil is currently being released into the Gulf of Mexico and want to take all appropriate action to keep it that way, it is important that all decisions are driven by the science," he said. "Ultimately, we must insure no irreversible damage is done which could cause uncontrolled leakage from numerous points on the sea floor." [more]
http://www.cnn.com/2010/US/07/18/gulf.oil.disaster/index.html?video=true?video=true&hpt=T1
 
Well testing continues; government gets BP answers on seep

By the CNN Wire Staff
July 19, 2010 7:28 a.m. EDT

Video:

(CNN) -- Testing on a capped oil well in the Gulf of Mexico will continue for another day, officials said Monday, as the federal government says it has received satisfactory answers from BP regarding a seep near the well.

Thad Allen, the federal government's oil spill response director, said Monday that a federal science team and BP representatives had discussed several issues during a Sunday night conference call, including the "possible observation of methane over the well."
"During the conversation, the federal science team got the answers they were seeking and the commitment from BP to meet their monitoring and notification obligations," Allen said in a statement.
On Sunday, Allen said that testing had revealed a "seep a distance from the well." He ordered the company to notify the government if other leaks were found.
"When seeps are detected, you are directed to marshal resources, quickly investigate, and report findings to the government in no more than four hours," Allen said in a letter to BP Chief Managing Director Bob Dudley released late Sunday.
On Monday, Allen noted that he had alerted BP on Sunday to "a number of unanswered questions about the monitoring systems they committed to as a condition of the U.S. government extending the well integrity test." After a Sunday night conference call, Allen said, he authorized BP to continue the integrity tests for another 24 hours.

"I restated our firm position that this test will only continue if they continue to meet their obligations to rigorously monitor for any signs that this test could worsen the overall situation," he said. "At any moment, we have the ability to return to the safe containment of the oil on the surface until the time the relief well is completed and the well is permanently killed."

In his letter Sunday, Allen gave BP 24 hours to provide the containment plan and schedule that the company would put in place if testing was suspended.
BP's statement Monday said the company was carrying out extensive monitoring activities around the well site. Allen did not provide further details about where the leak was spotted or how big it is.
Allen said Sunday that testing would determine whether keeping the well capped was the right solution. Pressure testing results in the well have been lower than expected, he said, which means oil could be leaking out from below.
"While we are pleased that no oil is currently being released into the Gulf of Mexico and want to take all appropriate action to keep it that way, it is important that all decisions are driven by the science," he said. "Ultimately, we must insure no irreversible damage is done which could cause uncontrolled leakage from numerous points on the sea floor."
Pressure inside the well "continues to rise slowly," BP said in a statement Monday. [more]
http://www.cnn.com/2010/US/07/19/gulf.oil.disaster/index.html?hpt=T1
 
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