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>Gulf of Mexico oil leak 'halted' amid fears BP could face hefty fines
BP has moved closer to plugging its leaking well in the Gulf of Mexico, but its shares still dropped 5pc on fears that alleged safety failings will leave it open to hefty liabilities.

By Rowena Mason
Published: 8:00PM BST 28 May 2010

http://www.telegraph.co.uk/finance/newsbysector/energy/7780006/Gulf-of-Mexico-oil-leak-halted-amid-fears-BP-could-face-hefty-fines.html



COMMENTS

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Tossers paid Millions to Distroy the Gulf for Years to come. USA needs to Wake up it wasnt BP it was your own Piper Alpha wake up Call. get real and get yourself a offshore Sheriff. most other countries NORWAY& UK ETC set laws and rules. Hurrecan whips this lot up we are in for the biggest BBQ that USA has ever seen.CATASTROPHIC is not even close.
gary
on May 29, 2010
at 09:52 AM
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My Past experience strict rules followed.Retrieve the BOP with Grappling hooks. cost are 15 Million + so Huge hooks are always avaialble to lift up from sea bed. the Drill Pipe is the only tool that can lift.
once clear of well head access real damage to open Hole. with camera re enter with New drill pipe sized to fit hole and commence KILL Mud and cement.
this Depth of 5000 feet is nothing to Transocean. They have Camera to fit inside the drill pipe so best form of defence is remove the object that is in Your Way the Damaged BOP.ASAP should have been done weeks ago.Idiots USA management.
gary
on May 29, 2010
at 09:47 AM
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Biggest disater and failure of so called professionals that the USA will ever see.
May god forgive you all.the 11 lost souls.did not die in vain.
My 30 years in the oil patch teach me to remove broken or unoperational equipment Priority.
Day one Remove the Broken wellhead BOP if the casing is retrieved with it then there would be good chance the well will self kill.
if not Day 3 after BOP removed re enter well with Dril pipe and seal. max 6.8 days.
Transocean have vast amount of Expeirence in my days at 3600 feet, and 4400 feet Grappling Hooks were used, and pulled out the non functioning BOP for repairs.we should have sent down Depth Explosive and blown this well closed.
makes no sense pussyfotting around like this nothing to gain. still a malfuctioned BOP.
and also people forget the Fuel and Chemicals on Board the Oil Rig What a fiasco !!! now get in Place a Non Profit Agency sea Sheriff. to put this corrupt Oil Business on Safe Tracks. its USA Piper Alpha. Learn and stop things like this killing inocent life.
gary
on May 29, 2010
at 09:47 AM
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It's clear the US is gunning for BP regardless of Transocean,Halliburtons' and the regulatory authority's culpability. Politics is the key player in this saga.Unreasonable fines will mean few operators will consider offshore production in US waters, possibly no bad thing but I'm sure the US won't be happy about the increase in oil prices.
malcolm lee
on May 29, 2010
at 09:47 AM
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all BOP are fitted with 2 retrieve slings that can be used to lift up in event of Emergency. this is the first thing that should have been done. get rid of what is obstructing the well. even if the casing is cemented firmly the stack(BOP) can still be pulled off the sea bed.
Big Grappling hooks are standard equipment and I have failed to see this Logical approach not Followed, I think Higher authority over rules Common Sense.
gary
on May 29, 2010
at 09:46 AM
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The reaction in the US show again the xenophobia endemic in that country, the US has never like BP since it was the first company to drill in Alaska, and they have never like the British since the war of independence.
When are we going to get past this so called special relationship rubbish and see the US for what it is an expansionist extreme right wing neo-fascist state who exports extreme right wing judao-christian intolerance around the world on the back of loans and pseudo-aid.
ITJ
on May 29, 2010
at 08:58 AM
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Terible tragedy.

I imagine though that if you are one of the Ogoni people in Nigeria or one of the many other "3rd world" countries where oil companies have caused major environmental issues with no recourse, you would be puzzled why BP seems so quick to accept liability and pay financial compensation ... especially when you look at the amount of lobbying $ that allow regulations to be relaxed in the first place. It's all politics.
Camus
on May 29, 2010
at 08:44 AM
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When you go out of your way to promote your company name and familiarise the public with your logo you become very vulnerable if you don't behave yourself.
If I were an American I wouldn't even think about buying petrol from a BP station.
We haven't yet been told about how the American motorist is reacting to this catastrophe.
I suspect BP is keeping this a dark secret.
We can expect a further slump in the BP share price when the UNDOUBTED forecourt boycott becomes public news.
Charles Lee
on May 29, 2010
at 08:09 AM
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Omama knows nothing about offshore deep water drilling. His inane mutterings are simply aimed at his popularity ratings. He'd best keep well away and leave it to the experts. The drilling rig was run by the yanks who caused the problem (BP in the States is essentially an American Company run by the yanks becasue of their foreign worker employment policies). It took the Brits to step in with their experience and expertise.
CDC Laremr
on May 29, 2010
at 06:36 AM
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What scares me the most is the looming hurricane season...
Can you imagine what a havoc having a "blender" in the Golf?
Jorge Brown
on May 29, 2010
at 06:27 AM
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If the top kill does not work I have seen it written that BP will attempt to cut off the marine riser connected to the top of the Blowout preventer and install a lower marine riser package which is currently deployed next to the failed Blowout preventer. If they are able to cut off the marine riser does anyone know why this was not done weeks ago and drill pipe run to the bottom of the well? The rapid pumping of heavy/kill mud pumped in from the bottom of the well would then stand a good chance of killing the well. The heavy mud then being displaced by cement to finish the job. This, after all, is what will be attempted by the relief wells.
Taff
on May 29, 2010
at 06:19 AM
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a fair penalty would be to force the BP directors to pitch a tent and live on the banks and shores near the oil leak for a year and make them help to clean up the mess and damage to the environment and wildlife too,etc.etc.etc.

fanta
fanta
on May 29, 2010
at 06:00 AM
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The courts will have to work out the blame among the various potential culprits, but without a shadow of a doubt, the costs of remediation will be stupefying. I live on the Gulf Coast. Tourism and fishing are the major industries in the northern part of the Gulf and the damage there is both catastrophic and plain to see. If the oil makes it into the Gulf Stream and that appears to be quite possible, the Florida Keys could suffer major damage too. I suspect that by the time this is over, fines will be the least of BP's problems.
Jungle Jim
on May 28, 2010
at 10:37 PM
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