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BP - off the hook ? ...and a BUY ?
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AssociatedPress
BP has placed a new cap atop the Gulf oil well that could allow it to capture all the crude that's leaking from the well. However, it still must run tests on whether the cap can withstand the pressure of oil pushing up from below the seafloor. (July 11)
http://www.youtube.com/watch?v=ETctfVmq_8sU.S. Senate To Call Mitsui Oil Executive - Report
TOKYO (Dow Jones)--A U.S. Senate subcommittee will ask the president of an oil exploration company under the umbrella of Mitsui & Co. (8031.TO) to attend a hearing on the ongoing oil spill in the Gulf of Mexico, the Yomiuri Shimbun reports.
The firm, MOEX Offshore 2007 LLC, has a stake in the oil fields in the area of the spill.
The subcommittee of the Senate Homeland Security and Governmental Affairs Committee said Friday it would ask the company's president, Naoki Ishii, to soon attend a hearing on the massive oil spill.
MOEX Offshore 2007 is a wholly owned subsidiary of Mitsui Oil Exploration Co., a subsidiary of Mitsui & Co.
The panel will also ask Jim Hackett, chief executive officer of the U.S. oil company Anadarko Petroleum Corp. to attend the hearing, subcommittee sources said.
BP PLC, a British-based multinational oil company, has a 65 percent stake in the oil fields stricken by the worst oil spill in U.S. history, while Mitsui Oil Exploration has a 10 percent interest and Anadarko holds the remaining 25 percent. BP has asked Mitsui Oil Exploration to pay 111 million dollars (about 9.8 billion yen) to cover part of expenses for preventing the oil slicks from spreading further and related purposes.
-Tokyo Bureau, Dow Jones Newswires; +81-3-6269-2770
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=SHUdAu82mLoDPUAinCJxMg%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
July 11, 2010 18:44 ET (22:44 GMT)PetroChina open to closer ties with BP
PetroChina, China’s largest listed oil and gas producer, says it would “welcome” closer co-operation with BP as the embattled UK group struggles to cover liabilities arising from the Gulf of Mexico oil spill disaster.
http://link.ft.com/r/IOCBMM/3OX6Z8/6Z6OY/HD1KDG/9ZXRWF/QR/h0 -
Just watched them put the cap on live, no oil leeking now!0
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http://us.cnn.com/video/#/video/us/2010/07/12/ricks.myers.oil.cap.animation.cnn?hpt=T1simulatorman wrote: »ROV on deck 8:
More interesting views from the feeds today:
simulatorman wrote: »
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It looks like it failed, just too much pressure.0
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It looks like it failed, just too much pressure.COAST GUARD- BP SHOULD BE ABLE TO CONTAIN FLOW FROM MACONDO WELL BY MID-JULY REGARDLESS OF WELL TESTS
http://uk.finance.yahoo.com/news/coast-guard-bp-bp-l-bp-n-should-be-able-to-contain-flow-fro-targetukfocus-ef4c3ec8ce30.html
If BP come up with a successful emergency solution in the end, it could benefit the other oil companies but BP would still have the baggage.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Apologies if its been posted before but here are Live feeds from the Gulf of Mexico ROVs (from BP website)
http://www.bp.com/sectionbodycopy.do?categoryId=9034366&contentId=7063636
You can click on each camera view to expand to full screen.Never let the perfume of the premium overpower the odour of the risk0 -
BP Plc said oil has stopped flowing into the Gulf of Mexico for the first time in about three months as the company pressure tests its damaged Macondo well. Senior Vice President Kent Wells commented today on a conference call.
http://www.bloomberg.com/news/2010-07-15/bp-says-oil-stopped-flowing-into-gulf-as-pressure-tests-conducted-on-well.html'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
You had more info
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Sell tomorrow? Obamalamadingdong is still going to grandstand about damages and fleecing BP to reward his Chicago cronies.0
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