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News by mid week would be nice so grabbed a few today. Looks like many are still sitting at the bid.
Let's see what this week brings.
Is more news expected here?
MOPN can always update financials to show revenue in the books or release a financial disclosure statement with more details.
And MOP could PR the specifics numbers, revenue and/or amount of product contained within orders they are currently processing, too, without releasing the name of the big oil company.
Thank you that is exactly what we've been trying to get across all day :)
The oil plume exists, we're waiting for more scientific details to confirm toxicity levels and duration of effects. Simple.
No doom, no gloom.
And depending on how the plume and the rest of the GOM oil travels, shifts and relocates MOP, Environmental Solutions is at the ready to provide their products and expertise.
Oh and don't forget this part of the article you posted:
Neither one of us is talking about any doomsday scenario or conspiracy theory. Just presenting the facts and can see how MOPN can make a difference in the GOM.
Although it seems to be convenient to try to imply otherwise today. And I agree, it suggests that common sense is involved here too.
No. I did not post this particular article before. Pays to read before speaking.
What's been established here is the presence of a large plume as a result of the GOM oil disaster.
Toxicity levels are being documented and assessed. To assume all data is in and confirmed is naive. This takes time and is a simple concept to grasp. Never said anything to the contrary.
Scientific data and samples are being analyzed by professionals and will provide the needed analysis instead of hearsay evidence.
I'll stick to my science reviews, too. :)
I like MOPN's involvement in the clean up for the GOM. Green is the only way to go here.
News Release : WHOI Scientists Map and Confirm Origin of Large, Underwater Hydrocarbon Plume in Gulf
http://www.whoi.edu/page.do?pid=7545&tid=282&cid=79926&ct=162
August 19, 2010
Media Relations Office
93 Water Street MS #16
Woods Hole Oceanographic Institution
FOR IMMEDIATE RELEASE
(508) 289-3340
media@whoi.edu
Chief Scientist, Rich Camilli, a WHOI environmental engineer, and co-principal investigator Chris Reddy, a WHOI marine chemist and oil spill expert, aboard the research vessel Endeavor in June 2010 in the Gulf of Mexico.
Enlarge Image
Chief Scientist, Rich Camilli, a WHOI environmental engineer, and co-principal investigator Chris Reddy, a WHOI marine chemist and oil spill expert, aboard the research vessel Endeavor in June 2010 in the Gulf of Mexico. (Photo by Cameron McIntyre, Woods Hole Oceanographic Institution)
Knowledge of the plume structure gained by the use of the AUV Sentry guided the team in collecting physical samples for further laboratory analyses using a cable-lowered water sampling system that measures conductivity, temperature, and depth (CTD). The CTD was instrumented with a TETHYS mass spectrometer.
Enlarge Image
Knowledge of the plume structure gained by the use of the AUV Sentry guided the team in collecting physical samples for further laboratory analyses using a cable-lowered water sampling system that measures conductivity, temperature, and depth (CTD). The CTD was instrumented with a TETHYS mass spectrometer. (Photo by Dan Torres, Woods Hole Oceanographic Institution)
Funded by NSF and developed and operated by WHOI, Sentry is capable of exploring the ocean down to 14,764 feet (4,500 meters) depth. Equipped with its advanced analytical systems, it was able to crisscross plume boundaries 19 times to help determine the trapped plume’s size, shape, and composition.
Enlarge Image
Funded by NSF and developed and operated by WHOI, Sentry is capable of exploring the ocean down to 14,764 feet (4,500 meters) depth. Equipped with its advanced analytical systems, it was able to crisscross plume boundaries 19 times to help determine the trapped plume’s size, shape, and composition. (Photo by Dan Torres, Woods Hole Oceanographic Institution)
This illustration shows a plume of hydrocarbons emanating from the Deepwater Horizon oil spill. The plume was identified using the autonomous underwater vehicle (AUV) Sentry, instrumented with a TETHYS mass spectrometer. The vehicle made numerous criss-cross penetrations to map the parameters of the 1,100-meter-deep plume. Woods Hole Oceanographic Institution (WHOI) scientists, who conducted the NSF-funded work in June 2010, report the plume they measured was 1.2 miles wide and 650 feet high. WHOI developed and operates Sentry.
Enlarge Image
This illustration shows a plume of hydrocarbons emanating from the Deepwater Horizon oil spill. The plume was identified using the autonomous underwater vehicle (AUV) Sentry, instrumented with a TETHYS mass spectrometer. The vehicle made numerous criss-cross penetrations to map the parameters of the 1,100-meter-deep plume. Woods Hole Oceanographic Institution (WHOI) scientists, who conducted the NSF-funded work in June 2010, report the plume they measured was 1.2 miles wide and 650 feet high. WHOI developed and operates Sentry.
Related Multimedia
Press conference - August 19, 2010
Chief scientist Rich Camilli presented the results of research conducted in the Gulf of Mexico aboard the research vessel Endeavor to assembled group of reporters at the National Press Club, Washington, D.C. . Also presenting were co-principal investigators Chris Reddy, Dana Yoerger, and Ben VanMooy, and associate scientist James Kinsey. WHOI VP for Marine Facilities and Operations Rob Munier, NSF Division of Ocean Sciences Director David Conover, and Science editor Nick Wigginton also made remarks.
» View Video (Quicktime)
Plume animation
This animation of a plume of hydrocarbons emanating from the Deepwater Horizon oil spill shows the autonomous underwater vehicle (AUV) Sentry making numerous criss-cross penetrations to map the parameters of the 1,100 meter-deep plume. Woods Hole Oceanographic Institution (WHOI) scientists, who conducted the NSF-funded work in June 2010, report the plume is 1.2 miles wide, 650 feet high, and at least 22 miles long. WHOI developed and operates Sentry.
Animation by Jack Cook, Woods Hole Oceanographic Institution
» View Video (Quicktime) DSL/Cable Modem
Sentry Deployment
This video is NOT from the Gulf of Mexico. It shows how the autonomous underwater vehicle Sentry is deployed from the R/V Oceanus in 2008.
Video by Chris German, Woods Hole Oceanographic Institution
» View Video (Quicktime)
August 19, 2010, 2 p.m.
Source: Media Relations
Scientists at the Woods Hole Oceanographic Institution (WHOI) have detected a plume of hydrocarbons that is at least 22 miles long and more than 3,000 feet below the surface of the Gulf of Mexico, a residue of the BP Deepwater Horizon oil spill.
The 1.2-mile-wide, 650-foot-high plume of trapped hydrocarbons provides at least a partial answer to recent questions asking where all the oil has gone as surface slicks shrink and disappear. “These results indicate that efforts to book keep where the oil went must now include this plume” in the Gulf, said Christopher Reddy, a WHOI marine geochemist and oil spill expert and one of the authors of the study, which appears in the Aug. 19 issue of the journal Science.
The researchers measured distinguishing petroleum hydrocarbons in the plume and, using them as an investigative tool, determined that the source of the plume could not have been natural oil seeps but had to have come from the blown out well.
Moreover, they reported that deep-sea microbes were degrading the plume relatively slowly, and that it was possible that the plume had and will persist for some time.
The WHOI team based its findings on some 57,000 discrete chemical analyses measured in real time during a June 19-28 scientific cruise aboard the R/V Endeavor, which is owned by the National Science Foundation (NSF) and operated by the University of Rhode Island. They accomplished their feat using two highly advanced technologies: the autonomous underwater vehicle (AUV) Sentry and a type of underwater mass spectrometer known as TETHYS (Tethered Yearlong Spectrometer).
“We’ve shown conclusively not only that a plume exists, but also defined its origin and near-field structure,” said Richard Camilli of WHOI’s Applied Ocean Physics and Engineering Department, chief scientist of the cruise and lead author of the paper. “Until now, these have been treated as a theoretical matter in the literature.
“In June, we observed the plume migrating slowly [at about 0.17 miles per hour] southwest of the source of the blowout,” said Camilli. The researchers began tracking it about three miles from the well head and out to about 22 miles (35 kilometers) until the approach of Hurricane Alex forced them away from the study area.
The study—which was enabled by three NSF RAPID grants to WHOI scientists with additional funding from the U.S. Coast Guard—confirms that a continuous plume exists “at petroleum hydrocarbon levels that are noteworthy and detectable,” Reddy said. The levels and distributions of the petroleum hydrocarbons show that “the plume is not caused by natural [oil] seeps” in the Gulf of Mexico, Camilli added.
WHOI President and Director Susan K. Avery praised the WHOI scientists for their “prudence and thoroughness, as they conducted an important, elegant study under difficult conditions in a timely manner.
Persistent plume
The plume has shown that the oil already “is persisting for longer periods than we would have expected,” Camilli said. “Many people speculated that subsurface oil droplets were being easily biodegraded.
“Well, we didn’t find that. We found it was still there.”
Whether the plume’s existence poses a significant threat to the Gulf is not yet clear, the researchers say. “We don’t know how toxic it is,” said Reddy, “and we don’t know how it formed, or why. But knowing the size, shape, depth, and heading of this plume will be vital for answering many of these questions.”
The key to the discovery and mapping of the plume was the use of the mass spectrometer TETHYS integrated into the Sentry AUV. Camilli developed the mass spectrometer in close industrial partnership with Monitor Instruments Co. in Cheswick, Pa., through a grant from the National Ocean Partnership Program. The TETHYS--which is small enough to fit within a shoebox--is capable of identifying minute quantities of petroleum and other chemical compounds in seawater instantly.
Sentry, funded by NSF and developed and operated by WHOI, is capable of exploring the ocean down to 14,764 feet (4,500 meters) depth. Equipped with its advanced analytical systems, it was able to crisscross plume boundaries continuously 19 times to help determine the trapped plume’s size, shape, and composition. This knowledge of the plume structure guided the team in collecting physical samples for further laboratory analyses using a traditional oceanographic tool, a cable-lowered water sampling system that measures conductivity, temperature, and depth (CTD). This CTD, however, was instrumented with a TETHYS. In each case, the mass spectrometers were used to positively identify areas containing petroleum hydrocarbons.
“We achieved our results because we had a unique combination of scientific and technological skills,” said Dana Yoerger, a co-principal investigator and WHOI senior scientist.
Until now, scientists had suspected the existence of a plume, but attempts to detect and measure it had been inconclusive, primarily because of inadequate sampling techniques, according to the WHOI scientists. In previous research, Yoerger said, “investigators relied mostly on a conventional technique: vertical profiling. We used Sentry and TETHYS to scan large areas horizontally, which enabled us to target our vertical profiles more effectively. Our methods provide much better information about the size and shape of the plume.”
The researchers detected a class of petroleum hydrocarbons at concentrations of more than 50 micrograms per liter. The water samples collected at these depths had no odor of oil and were clear. “The plume was not a river of Hershey’s Syrup,” said Reddy. “But that’s not to say it isn’t harmful to the environment.”
No Unusual Oxygen Signals
The scientists benefited not only from new technology but older methods as well. Contrary to previous predictions by other scientists, they found no “dead zones,” regions of significant oxygen depletion within the plume where almost no fish or other marine animals could survive. They attributed the discrepancy to a problem with the more modern measuring devices that can give artificially low oxygen readings when coated by oil. The team on Endeavor used an established chemical test developed in the 1880s to check the concentration of dissolved oxygen in water samples, called a Winkler titration. Of the dozens of samples analyzed for oxygen only a few from the plume layer were below expected levels, and even these samples were only slightly depleted.
WHOI geochemist Benjamin Van Mooy, also a principal investigator of the research team, said this finding could have significant implications. “If the oxygen data from the plume layer are telling us it isn’t being rapidly consumed by microbes near the well,” he said, “the hydrocarbons could persist for some time. So it is possible that oil could be transported considerable distances from the well before being degraded.”
A Rapid Response
The NSF RAPID program, which provides grants for projects having a severe urgency and require quick-response research on natural disasters or other unanticipated events, significantly speeded up the acceptance of the WHOI proposals. “In contrast to the usual six-to-eighteen-month lead time for standard scientific proposals, our plume study was funded two days after the concept was proposed to NSF and went from notification of the proposal’s acceptance to boarding the Endeavor in two-and-a-half weeks,” Reddy said.
Within days of being notified of the award, Reddy said the WHOI team reached out to NOAA, offering assistance in the laborious, but important, process of collecting and analyzing water samples for natural resource damage assessment (NRDA). In addition to conducting the work NSF funded, the WHOI team worked cooperatively with NOAA to collect data that will be used to determine damages and calculate a fair settlement for those affected by the massive spill.
“Doing a NRDA cruise is not a trivial effort. It requires a tremendous amount of coordination -- from accommodating additional on-board observers to ensure a chain of custody to arranging for samples to be ferried from the research vessels every few days,” said Avery. “I’m very proud of what this team has accomplished.
“Very good science was done that will make a big difference,” Avery added. “This cruise represents an excellent example of how non-federal research organizations can work with federal agencies and how federal agencies can work together to respond to national disasters.”
While at sea, these scientists, who are experienced in the study of oil spills and natural oil seeps, faced unusual challenges from the extreme heat, water rationing, exposure to crude oil and its vapors, and 24-hour-a-day operations enabled by the URI crew.
Along with their own scientific objectives, the team also bore in mind the advice of top science officials speaking at a June 3 Gulf Oil Spill Scientific Symposium at Louisiana State University, who cautioned researchers about the importance of verification and proceeding in a scientific manner:
“We are all served best by proceeding in a careful, thoughtful, and quantifiable manner, where we can actually document everything and share it publicly,” NOAA Administrator Jane Lubchenco told those assembled.
At that meeting, US Geological Survey Director Marcia McNutt underscored the need for peer review of interpretive results before they are released, saying "There's nothing that throws the community into dead ends faster” than to have [poor] data out there.
Assistant Director of NSF Tim Killeen also echoed the sentiment that “quality assurance and quality control are essential for thorough work.”
“WHOI scientists attending this meeting took this advice to heart and used it as a guiding light for proper dissemination of scientific information,” Reddy said.
Reddy said the results from this study and more samples yet to be analyzed eventually could refine recent estimates about the amount of the spilled oil that remains in the Gulf.
Camilli said he and his WHOI colleagues are considering a new research proposal to look for more plumes.
Reddy said the WHOI team members know the chemical makeup of some of the plume, but not all of it. Gas chromatographic analysis of plume samples confirm the existence of benzene, toluene, ethybenzene, and total xylenes—together, called BTEX at concentrations in excess of 50 micrograms per liter. “The plume is not pure oil,” Camilli said. “But there are oil compounds in there.”
It may be “a few months of laboratory analysis and validation,” Reddy said, before they know the entire inventory of chemicals in the plume.
Camilli attributed the project’s success to WHOI’s wide range of expertise and scientific capabilities. He contrasted that with “what the oil industry does best: They know where to drill holes and how to get the oil to come out. WHOI’s expertise in oil spill forensics, marine ecological assessment, and deep submergence technology development will be essential for our nation as it updates its energy policy and offshore oil production confronts the challenges of deepwater operations.”
Other WHOI members of study team included Assistant Scientist James C. Kinsey and Research Associates Cameron P. McIntyre and Sean P. Sylva. The research team also included Michael V. Jakuba of the University of Sydney, Australia, and a graduate of the MIT/WHOI joint program in Oceanographic Engineering, and James V. Maloney of Monitor Instruments Co.
The Woods Hole Oceanographic Institution is a private, independent organization in Falmouth, Mass., dedicated to marine research, engineering, and higher education. Established in 1930 on a recommendation from the National Academy of Sciences, its primary mission is to understand the ocean and its interaction with the Earth as a whole, and to communicate a basic understanding of the ocean's role in the changing global environment.
Last updated: August 20, 2010
Personally, I don't get my facts from CNN or whatever, either, although they can provide some valid information.
WHOI has done some excellent research regarding the GOM disaster and are being responsible with disclosing their facts and information. Their work is invaluable for understanding the possible problems in deep sea oil drilling and shouldn't simply be dismissed. Scientific data is needed here from multiple and reputable sources.
lol...ok whatever you say. Don't you think that it benefits BP to say there is no plume? WHOI has been working very closely with the government to provide information and facts.
Anyway, I'll stick to the science review. Point is they have documented a plume and are doing the right thing by getting samples and more data will be revealed as samples are processed. The plume was traveling at a rate of 6.5 Kilimetres per day.
Whole point is that to establish the facts of this GOM oil disaster it takes time and scientific analysis. Not all the facts are in and it's irresponsible to make assumptions at this time that the oil from the spill and plume is simply all gone.
Well, this information came from - WHOI Scientists Map and Confirm Origin of Large, Underwater Hydrocarbon Plume in Gulf.
Perhaps you should watch this video update from scientists.
http://www.whoi.edu/page.do?pid=7545&tid=1061&cid=67226&cl=45793&article=79926
Press conference - August 19, 2010
Chief scientist Rich Camilli presented the results of research conducted in the Gulf of Mexico aboard the research vessel Endeavor to assembled group of reporters at the National Press Club, Washington, D.C. . Also presenting were co-principal investigators Chris Reddy, Dana Yoerger, and Ben VanMooy, and associate scientist James Kinsey. WHOI VP for Marine Facilities and Operations Rob Munier, NSF Division of Ocean Sciences Director David Conover, and Science editor Nick Wigginton also made remarks.
About WHOI
WHOI is the world's largest private, nonprofit ocean research, engineering and education organization.
WHOI has approximately 750 full-time scientists, support staff and students.
Giant Underwater Plume Confirmed—Gulf Oil Not Degrading
Bacteria aren't gobbling up Deepwater Horizon oil, study says.
http://news.nationalgeographic.com/news/2010/08/100819-gulf-oil-spill-bp-underwater-plume-science-environment/
Christine Dell'Amore
National Geographic News
Published August 19, 2010
A giant plume from BP's Gulf of Mexico oil spill has been confirmed deep in the ocean—and there are signs that it may stick around, a new study says.
Many scientists had predicted that oil-eating bacteria—already common in the Gulf due to natural oil seeps—would process much of the crude leaked from BP's Deepwater Horizon wellhead, which was capped July 15. (Read more about how nature is fighting the oil spill.)
But new evidence shows that a 22-mile-long (35-kilometer-long), 650-foot-high (200-meter-high) pocket of oil has persisted for months at depths of 3,600 feet (1,100 meters), according to a team from Woods Hole Oceanographic Institution (WHOI) in Massachusetts.
(Related: "Much Gulf Oil Remains, Deeply Hidden and Under Beaches.")
The oil plume's stability is "a little unexpected," study leader Richard Camilli, of WHOI's Applied Ocean Physics and Engineering Department, said at a Thursday press briefing in Washington, D.C.
"We don't have any clear indication as to why it set up at that depth."
It's unclear why the Gulf's microbes aren't eating the oil plume, but the organisms are infamous for being unpredictable, said study co-author Christopher Reddy, a marine chemist at WHOI.
Counting on microbes to quickly clean up an oil spill is "like asking a teenager to do a chore. You tell them to do it on a Friday, to do it when it's most advantageous, and they do it on a Saturday," Reddy told National Geographic News earlier this month.
Further studies are needed to figure out why the plume isn't degrading, Reddy said during the press briefing: "We don't live in the world of the TV show CSI. ... Patience is a virtue."
Hard Evidence for Gulf Oil Plume
During a ten-day research cruise in June, the WHOI team used autonomous underwater vehicles (AUVs), free-swimming probes that are the "next generation" of remotely operated vehicles, Camilli said during the briefing.
The team's AUVs were equipped with mass spectrometers—devices that measure the masses of molecules. The spectrometers collected thousands of samples in various regions near the spill site.
Most of these samples detected hydrocarbons—ingredients of oil—at concentrations of 50 micrograms a liter.
Using this data, the scientists were able to piece together the shapes and sizes of two oil plumes: the large, deep plume and a more diffuse plume spread out between depths of 160 and 1,600 feet (50 and 500 meters).
University of South Florida (USF) chemical oceanographer David Hollander said the discovery of stubborn oil in the deep sea "falls right into line" with his recent findings.
"These hydrocarbons are plentiful, and will be around for a long time," Hollander said by email.
Hollander and a USF team announced this week that oil may have been found deep on the Gulf seafloor, and that it appears to be toxic to phytoplankton, small plants that live in the deep ocean and make up the base of the marine food chain.
It's too early to say whether the plume is harmful to marine life in the area studied by WHOI, expedition member Reddy said.
But the research does show that the oil plume hasn't yet spurred oxygen depletion in the Gulf, which can create a dead zone—a swath of ocean largely devoid of life-forms—according to Ruoying He, a physical oceanographer at North Carolina State University in Raleigh, who was not involved in the new research.
(Related: "Gulf Oil Spill a 'Dead Zone in the Making'?")
He added that the new study—published today in the journal Science—is "extremely important," in part because it offers hard evidence of the suspected oil plume in the Gulf.
"I'm happy to see some in situ observations published so quickly," he said.
How Far Will Gulf Oil Plume Go?
The study raises another fundamental question that North Carolina's He is currently modeling: How far will the Gulf oil spill travel?
The plume has already fanned out a considerable distance from the BP wellhead, He noted. At the time of the survey, the plume was migrating about 4 miles (6.5 kilometers) a day southwest from the spill site, according to the study.
And with oil-eating bacteria taking their time, it's possible that the oil could be transported even farther from the well before the crude gets degraded, WHOI's Camilli said.
(See "Gulf Oil Spill Could Reach East Coast Beaches.")
It's also possible the oil plume is already gone: "We don't know what the fate of this plume now is—this was a forensic snapshot in late June, and we have not been back there since," Camilli cautioned.
Deep-Ocean Focus Needed for Oil Cleanups
Since the toxic effects of oil and chemical dispersants are not fully known, "there is great room for debate and contrasting interpretation as to what the impacts will be," Robert Carney, a biological oceanographer at Louisiana State University (LSU) in Baton Rouge, said by email.
(Learn more about how dispersants may be harming wildlife.)
At this point, though, a "far more valuable undertaking" would be to start figuring out how to prevent doing further harm to the deep ocean, he said.
"Through this all we have witnessed an aged and untested bit of dogma dominate response decisions: Protect the beach," Carney said. (See: "Oil Found in Gulf Beach Sand, Even After Cleanups.")
"Quite obviously, it is the whole ocean that we must protect and effectively manage," he said. "We are badly in need of new ideas."
Exactly. Doesn't work for MOPN based on their PR.
Good Night. :) We'll talk tomorrow.
Just got here and doubt MOPN's PR is connected to Diamond Drilling, it doesn't make sense to me.
I'm on the West coast so it's not too late here.
MOPN PR clearly states "MOP Environmental Solutions, Inc. (PINKSHEETS: MOPN) is pleased to announce that on August 9, 2010, one of the world's largest oil companies, whose name we are unable to disclose without violation of their press release disclosure terms, has accepted MOP Environmental Solutions, as a vendor, with issuance of vendor number, internal contact hot line, and the confirmation of its vendor status."
whereas, Diamond Offshore Drilling, Inc. provides:
Diamond Offshore provides offshore contract drilling services to the energy industry around the globe and is a leader in deepwater drilling. Our customers are the world’s oil companies (“operators”), and our sole job is to drill and complete* wells at the direction of our customers (*completion in industry terms means preparing the well for production. This entails running production casing, stimulation work, and zonal isolation to allow the well to flow hydrocarbons). Because we work offshore, often in remote locations, each of our drilling rigs is largely self-sufficient. When contracted, they come with a full crew and the equipment and supplies needed to carry out the assigned task, be it one short well or multiple years of work. Our crews live on board our rigs and typically work 14 consecutive days on the rig before returning to shore by boat or helicopter for 14 days off.
http://www.diamondoffshore.com/ourCompany/ourcompany_offshorebasics.php
Thanks grtn....just trying to sort out what is and what isn't.
Glad you could confirm :)
Good Friday close today.
Hope you and sunbunz have an enjoyable weekend.
DFS, I was just looking at Mop's website under the about us section. Is this statement new or old? Anyone?
MOP Environmental Solutions Inc. (Pink Sheets: MOPN) is publicly-traded, and plans to begin oil recovery and reclamation operations in the Caspian Sea region while building a significant domestic market with sales throughout United States and Canada.
Most of the time, when people refer to the world's largest Oil Companies, they mean publicly traded Oil Companies but you are right, there are Nationally owned Oil Companies that are larger than BP and the rest.
Big Oil
The World's Biggest Oil Companies
Christopher Helman, 07.09.10, 05:28 PM EDT
Publicly traded giants like Royal Dutch Shell, Chevron, ConocoPhillips and Total may be Big Oil, but they are not Biggest Oil.
Houston -- What springs to mind when you think of the World's Biggest Oil Companies? BP probably, because these days you couldn't get BP out of your head if you tried. ExxonMobil, definitely, because for so many years before the Deepwater Horizon blowout Exxon was (rightly or wrongly) the embodiment of Big Oil.
Yet you might be surprised that in a list of the top 10 oil producers, none of the other usual suspects made the cut. Publicly traded giants like Royal Dutch Shell ( RDSA - news - people ), Chevron ( CVX - news - people ), ConocoPhillips ( COP - news - people ) and Total may be Big Oil, but they are not Biggest Oil.
That moniker goes to the state-owned national oil companies, NOCs for short, that sit on 77% of the world's oil--accumulations so big they make even Exxon's 12 billion barrels of proven oil reserves look meager.
Slide Show: The World's Biggest Oil Companies
The biggest by far is Saudi Aramco, with the ability to pump 12.5 million bpd and boasting more than 260 billion barrels of proven reserves, much of it easily recovered for less than $3 per barrel. Aramco doesn't venture outside its borders; it doesn't need to. But there are other breeds of NOCs, like China's trio of CNPC, Cnooc and Sinopec that actively reach out to buy assets around the globe, and have already been named as eager acquirers of BP ( BP - news - people ) assets.
In the wake of BP's oil spill, it's worth thinking about the differences between Big Oil and Biggest Oil. Ironically, in as much as the spill hurts the publicly traded international oil companies with deepwater prospects in the gulf, it helps many of the NOCs.
Read All Comments
How? First, every barrel of oil not pulled out of the U.S. deepwater is one more barrel of market share (and profits) for OPEC--which has dialed back its output since the boom times a couple years ago.
Second, drillers have already been scared out of the Gulf of Mexico, by the post-spill moratorium and the realization that drilling there will be more costly and complicated. Once these big deepwater rigs have left, it will be years before they return. That is good news for NOCs like Angola's Sonangol (1.8 million bpd gross), India's ONGC (550,000 bpd) and Brazil's Petrobras (1.9 million bpd), which have promising deepwater prospects they would like to see developed.
Third--and most interesting to us--with a wounded BP looking around for billions in assets it can sell to cover its spill bills, some NOCs are already circling the carcass looking for tasty morsels to acquire.
Continued...
http://www.forbes.com/2010/07/09/worlds-biggest-oil-companies-business-energy-big-oil.html
Thank you! em.
Yes, and you'd think the current float information would be in the ibox already?
#
Float(shares)
47,113,836 as of Aug 18, 2010
http://www.otcmarkets.com/stock/MOPN/company-info
I think this post from Narvo earlier might have had something to do with it :)
(wouldn't want this to get buried under a bunch of other posts :)
Posted by: narvo0 Member Level Date: Thursday, August 19, 2010 3:50:45 PM
In reply to: None Post # of 29464
MEDIA ADVISORY: Boom Decontamination, Recycling, and Staging for Redeployment at the Theodore Staging Facility
DATE: August 19, 2010 12:30:10 PM PDT
WHAT: Credentialed media are invited to tour the facility and view boom decontamination and recycling at the Theodore, Alabama facility. A pilot test of technology to support recycling of soft, sorbent boom will also be part of the tour. ( I wonder if it could be MOP?) Because virtually no visible oil has been spotted on the surface of the Gulf in these areas recently, and in order to protect shorelines from damage caused by boom in potential severe weather, the Incident Command Post at Mobile (ICP Mobile) announced that more than 1.2 million feet of hard boom has been recovered from those state waters.
WHERE: Theodore Decon Center, 2789 Claudia Lane, Theodore, AL 36582
WHEN: Friday, August 20, 2010 at 9 a.m. CDT (Tour will last 1 hour)
WHY: Decontamination of boom is a critical component of the oil spill response. Boom removed from water is cleaned, repaired, inspected and certified before being redeployed or stored. For boom that is damaged beyond repair, this facility separates the components of boom for recycling and reuse in other applications.
Boom removal is also an important step in protecting vital coastal areas, ensuring that during extreme weather boom is not dragged into sensitive wetlands or other fragile areas. Responders remain vigilant and ready to deploy boom should it be needed to protect the coast from any new threats from oil that may emerge in the coming days and weeks.
WHO: Walter Dorn, Director of Emergency Services, Patriot Environmental Services, U.S. Coast Guard Petty Officer 1st Class Judy Silverstein
CONTACT: Reservations are required. For reservations or questions, please contact the Joint Information Center at ICP Mobile: 251-445-8965
REQUIREMENTS: For safety reasons, participants in this event must wear long trousers, shirts with sleeves and closed-toed shoes.
For more on the response effort, visit: www.deepwaterhorizonresponse.com or www.restorethegulf.gov
Key contact numbers
* Report oiled shoreline or request volunteer information: (866) 448-5816
* Submit alternative response technology, services or products: (281) 366-5511
* Submit a claim for damages: (800) 440-0858
* Report oiled wildlife: (866) 557-1401
Deepwater Horizon Incident
Joint Information Center
Phone: (713) 323-1670
(713) 323-1671
lol...that's pretty common for pink sheets as everyone knows. Market Makers are usually only solicited for when a company first comes on to the market, most often by reverse merger.
And MOPN is updating they're info on Pink Sheets and just recently posted they're financials.
Nice try.
Here's an example of what ukiyo means regarding Market Makers for MOPN:
According to Investopedia Market Maker:
What Does It Mean?
What Does Market Maker Mean?
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
Investopedia Says
Investopedia explains Market Maker
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
IE:
Forex Market Makers
There are two types of forex broker, an ECN broker (which stands for ‘Electronic Communications Network') and a ‘market maker'.
http://www.theforexvillage.com/Forex-Brokers/forex-market-makers.html
Well Narvo had an interesting post earlier:
(wouldn't want this to get buried under a bunch of other posts :)
Posted by: narvo0 Member Level Date: Thursday, August 19, 2010 3:50:45 PM
In reply to: None Post # of 29464
MEDIA ADVISORY: Boom Decontamination, Recycling, and Staging for Redeployment at the Theodore Staging Facility
DATE: August 19, 2010 12:30:10 PM PDT
WHAT: Credentialed media are invited to tour the facility and view boom decontamination and recycling at the Theodore, Alabama facility. A pilot test of technology to support recycling of soft, sorbent boom will also be part of the tour. ( I wonder if it could be MOP?) Because virtually no visible oil has been spotted on the surface of the Gulf in these areas recently, and in order to protect shorelines from damage caused by boom in potential severe weather, the Incident Command Post at Mobile (ICP Mobile) announced that more than 1.2 million feet of hard boom has been recovered from those state waters.
WHERE: Theodore Decon Center, 2789 Claudia Lane, Theodore, AL 36582
WHEN: Friday, August 20, 2010 at 9 a.m. CDT (Tour will last 1 hour)
WHY: Decontamination of boom is a critical component of the oil spill response. Boom removed from water is cleaned, repaired, inspected and certified before being redeployed or stored. For boom that is damaged beyond repair, this facility separates the components of boom for recycling and reuse in other applications.
Boom removal is also an important step in protecting vital coastal areas, ensuring that during extreme weather boom is not dragged into sensitive wetlands or other fragile areas. Responders remain vigilant and ready to deploy boom should it be needed to protect the coast from any new threats from oil that may emerge in the coming days and weeks.
WHO: Walter Dorn, Director of Emergency Services, Patriot Environmental Services, U.S. Coast Guard Petty Officer 1st Class Judy Silverstein
CONTACT: Reservations are required. For reservations or questions, please contact the Joint Information Center at ICP Mobile: 251-445-8965
REQUIREMENTS: For safety reasons, participants in this event must wear long trousers, shirts with sleeves and closed-toed shoes.
For more on the response effort, visit: www.deepwaterhorizonresponse.com or www.restorethegulf.gov
Key contact numbers
* Report oiled shoreline or request volunteer information: (866) 448-5816
* Submit alternative response technology, services or products: (281) 366-5511
* Submit a claim for damages: (800) 440-0858
* Report oiled wildlife: (866) 557-1401
Deepwater Horizon Incident
Joint Information Center
Phone: (713) 323-1670
(713) 323-1671
MOP Environmental Solutions (MOPN) Stock Trad
Actually, it's called discussion which is what the MOPN board is all about. Folks here have done an excellent job of bringing in information so that the rest of here can weigh the pros and cons and engage in reasonable dialog.
It only gets old when no new MOPN information gets posted.
Here's an example of what ukiyo means:
Market Maker
What Does It Mean?
What Does Market Maker Mean?
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
Investopedia Says
Investopedia explains Market Maker
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
IE:
Forex Market Makers
There are two types of forex broker, an ECN broker (which stands for ‘Electronic Communications Network') and a ‘market maker'.
http://www.theforexvillage.com/Forex-Brokers/forex-market-makers.html
Gulf of Mexico Response:
Boom is a floating barrier made up of tubular links to contain, deflect or hold back oil floating on the water's surface.
Such barriers, depending on the challenge, can be deployed wherever needed-far offshore, near the shore or anywhere in between.
By containing, a boom corrals oil until it can be removed without substantial damage to the environment. In some cases, it may be advantageous to pull the encircled oil to a different location.
By deflecting, a boom redirects the path of floating oil toward a more desirable area for recovery or disposal. (Disposal can be accomplished by transporting the oil to shore, by controlled burns or by using dispersant to break up and sink the oil.)
By holding back, a boom intercepts the movement of floating oil to keep it away from environmentally sensitive areas such as coastal wetlands and beaches.
The boom system can work because most types of oil float on water, thanks to oil's lower specific gravity and tendency to stick together. A curtain is attached to the barrier’s underside to prevent the oil from sliding underneath and spreading further. Of course, rough waters can be an obstacle by washing oil over the top of the boom.
Hundreds of thousands of feet of boom are currently being used offshore in the Gulf.
Onshore activity is focused on six locations in the potentially affected states: Port Sulphur and Venice, La.; Pascagoula and Biloxi, Miss.; Mobile, Ala., and Pensacola, Fla. These staging posts are stocked with people and material, including boom, to protect the shoreline in each area. Each of the states has oil spill response plans in place with trained community groups and volunteers available to aid the response.
This page was last updated 2 May 2010
http://www.bp.com/genericarticle.do?categoryId=9034429&contentId=7061987
Not originally:
Posted by: me2 Member Level Date: Thursday, August 19, 2010 8:31:33 PM
In reply to: alliecorp who wrote msg# 29394 Post # of 29413
It's all soft and sorbent. Why would they use nonsorbent boom? Doesn't make much sense, now does it?
Oh ok... now there is more than one type of boom. I see.
To be clear, different types of boom are used for different reasons in the clean up effort. Simple?
Precisely, and BP needs desperately to improve their image to the public and their shareholders. A Green solution would make the press and make BP look good.
lol...ok, if you say so.
Booming Tactics
Containment Booming - Placing a boom in a body of contaminated water for the purpose of holding or slowing the movement of contamination.[5]
Diversion Booming - Placing a boom in a body of contaminated water for the purpose of diverting the contamination to a collection point.[6]
Deflection Booming - Placing a boom in a body of water for the sole purpose of changing the course of the contamination.
(Note: This method is used for contamination that is not intended to be recovered, and therefore not typically associated with oil spills)[7]
Exclusion Booming - Placing a boom in a body of water for the purpose of blocking off a sensitive area from contamination.[8]
Exclusion Boom is not recommended for fast water operating environments; consider Diversion Boom or Deflection Boom tactics instead is the advice from [8]. However, when Diversion Boom and Deflection Boom tactics are not suitable and resource protection is still needed, say, fast high tide in a sensitive estuary for instance, then an arrangement of booms with a decelerator is needed.[9] [10]
http://en.wikipedia.org/wiki/Boom_%28containment%29
lol well said. :)
I agree, this is significant because of the mention of a pilot test of soft, sorbent boom.
WHAT: Credentialed media are invited to tour the facility and view boom decontamination and recycling at the Theodore, Alabama facility. A pilot test of technology to support recycling of soft, sorbent boom will also be part of the tour. Because virtually no visible oil has been spotted on the surface of the Gulf in these areas recently, and in order to protect shorelines from damage caused by boom in potential severe weather, the Incident Command Post at Mobile (ICP Mobile) announced that more than 1.2 million feet of hard boom has been recovered from those state waters.
Excellent DFS...you don't waste any time tracking info down. Appreciate your efforts.
It does sound like this is what we've been waiting for. Is anyone we know from this board in that area???
Very nice Narvo...this will be MOP's shining moment in the spotlight if they are able to demonstrate to mass media around the world, how effective and green their solution is. Couldn't pay for this kind of media attention.
If this is the case, I can now see why BP would not want MOP to upstage them in a PR, prior to this event. BP wants full attention and coverage that they have found a green solution to clean up the GOM.
Well, my curiosity is peaked here and will be looking for any and all updates tomorrow.
Wow...this is potentially HUGE!
Most of the time, when people refer to the world's largest Oil Companies, they mean publicly traded Oil Companies but you are right, there are Nationally owned Oil Companies that are larger than BP and the rest.
Big Oil
The World's Biggest Oil Companies
Christopher Helman, 07.09.10, 05:28 PM EDT
Publicly traded giants like Royal Dutch Shell, Chevron, ConocoPhillips and Total may be Big Oil, but they are not Biggest Oil.
Houston -- What springs to mind when you think of the World's Biggest Oil Companies? BP probably, because these days you couldn't get BP out of your head if you tried. ExxonMobil, definitely, because for so many years before the Deepwater Horizon blowout Exxon was (rightly or wrongly) the embodiment of Big Oil.
Yet you might be surprised that in a list of the top 10 oil producers, none of the other usual suspects made the cut. Publicly traded giants like Royal Dutch Shell ( RDSA - news - people ), Chevron ( CVX - news - people ), ConocoPhillips ( COP - news - people ) and Total may be Big Oil, but they are not Biggest Oil.
That moniker goes to the state-owned national oil companies, NOCs for short, that sit on 77% of the world's oil--accumulations so big they make even Exxon's 12 billion barrels of proven oil reserves look meager.
Slide Show: The World's Biggest Oil Companies
The biggest by far is Saudi Aramco, with the ability to pump 12.5 million bpd and boasting more than 260 billion barrels of proven reserves, much of it easily recovered for less than $3 per barrel. Aramco doesn't venture outside its borders; it doesn't need to. But there are other breeds of NOCs, like China's trio of CNPC, Cnooc and Sinopec that actively reach out to buy assets around the globe, and have already been named as eager acquirers of BP ( BP - news - people ) assets.
In the wake of BP's oil spill, it's worth thinking about the differences between Big Oil and Biggest Oil. Ironically, in as much as the spill hurts the publicly traded international oil companies with deepwater prospects in the gulf, it helps many of the NOCs.
Read All Comments
How? First, every barrel of oil not pulled out of the U.S. deepwater is one more barrel of market share (and profits) for OPEC--which has dialed back its output since the boom times a couple years ago.
Second, drillers have already been scared out of the Gulf of Mexico, by the post-spill moratorium and the realization that drilling there will be more costly and complicated. Once these big deepwater rigs have left, it will be years before they return. That is good news for NOCs like Angola's Sonangol (1.8 million bpd gross), India's ONGC (550,000 bpd) and Brazil's Petrobras (1.9 million bpd), which have promising deepwater prospects they would like to see developed.
Third--and most interesting to us--with a wounded BP looking around for billions in assets it can sell to cover its spill bills, some NOCs are already circling the carcass looking for tasty morsels to acquire.
Continued...
http://www.forbes.com/2010/07/09/worlds-biggest-oil-companies-business-energy-big-oil.html
The oil companies need some positive press and putting out a PR or news story that they are using green products will help to put them in a better public light.
I still think we'll see or hear something soon enough.
We'll probably find out about their NEW GREEN rapid response system.
Oil Companies Plan $1 Billion Rapid Response System for Spills
"Immediately following the Deepwater Horizon incident, the oil and natural gas industry developed a number of task forces to focus on improvements to equipment, operations, subsea well control and spill containment," said American Petroleum Institute President and CEO Jack Gerard. "This effort complements the work already ongoing from the task forces, and we will continue to work together to regain the public's confidence in the industry."
http://www.kfty.com/news/environmental/story/Oil-Companies-Plan-1-Billion-Rapid-Response/SN7AkByHrkKKF4CZqt0-Pw.cspx
In think investors are interested right now since big news is still expected. Probably just trying to get in at the best pps possible. It takes very little pressure (minimal volume) to get some life into MOP's pps.
Gotta love that low float!!
Looks like many have lost their patience with FDMF. I'm still thinking this may be a sleeper that could wake up at anytime.
We shall see.
Very good find vader. Certainly highlights what's at stake in the GOM and what can be done. Still hard to look at all those pictures with dark oil. Has to be excruciating to live there under those circumstances too.
MOP help is on the way though!
For sure Narvo, the entire oil industry is in need of an overhaul and to start conducting business in as green a way as possible.
MOP couldn't be in a better position with BP and the oil industry in general.