A drilling moratorium seemed inevitable after the oil spill in the Gulf of Mexico 2010. The drilling ban has been loudly criticized by the oil industry. But four oil companies have joined forces to convince the government to cancel the drilling moratorium. A $1 billion fund has been set up by Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell to develop a rapid oil spill response system for the gulf. Elsewhere in the gulf, BP could make an effort to permanently seal the ruptured well this weekend with a tactic called a “static kill”. But the procedure may be postponed by an approaching tropical storm.
Oil spill response system technology catching up
The oil spill in the Gulf of Mexico 2010 and the drilling moratorium have been a wakeup call for the oil industry. Billions of dollars have been spent figuring out how to drill deeper and deeper wells, when cleanup of the oil spill technology has languished on the shelf. The New York Times reports the first $1 billion can be spent developing the equipment for underwater systems to contain deep water well accidents. The four oil companies putting up the money said the oil spill response system will be effective down to 10,000 feet and contain 100,000 barrels of oil daily.
Oil companies expect system will end drilling moratorium
Oil companies hope the oil spill response initiative will help persuade government regulators to lift the six-month ban on deep water drilling as soon as possible. The Wall Street Journal reports the system resembles the one developed by BP during three months of trial and error following the Deepwater Horizon exploded April 20 . A non-profit venture called the Marine Well Containment Company will develop the system within the next 18 months.
Approaching storms increase urgency of oil spill containment
The BP oil leak could possibly be sealed permanently this weekend with a tactic called a “static kill”. A static kill, as outlined by CNN, is a procedure where mud is pumped into the well to force oil back into the reservoir. Officials from BP have said the “static kill” option could succeed where comparable attempts have failed because pressure within the well is lower than expected. Even so, BP continues to drill the permanent relief well that might be ready at the end of the month. The timing of the static kill is crucial because operations could be disrupted for up to two weeks by a tropical storm headed for the gulf.
Discover more about this topic here
nytimes.com
wsj.com
cnn.com
1 comment:
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com
Post a Comment