Daily Archives: May 25, 2010

Sheila McNulty

The pictures of oil-soaked marshes, birds and turtles are starting to emerge from the Gulf of Mexico. But federal wildlife experts say it is what cannot be seen that is often the most worrying. Read more

Canaccord Genuity is providing some interesting commentary on BP and the Gulf of Mexico oil spill. And it goes some way to explaining why the share price of what was the biggest company in the FTSE 100 keeps heading south in spite of numerous “buy” recommendations from City analysts (and the fact that it now yields more than two times a 10-year gilt). Read more

Kate Mackenzie

After some moderate success with the riser insertion tube, BP is planning in the next few days to try its ‘top kill’ approach to stemming the flow of oil from the Macondo well. Once again, the complications of the ultra-deepwater environment continue to create massive uncertainty around all short-term remedies. Read more

Kate Mackenzie

The EPA’s latest comments highlight both the both the questions still surrounding the use of dispersants, and the difficulty in finding better options — in otherwords, it’s depressingly similar to problems facing efforts to the stop the well leak itself. Read more

Ed Crooks

BP has given its most detailed statement yet of the likely causes of the Deepwater Horizon rig explosion on April 20, which led to its huge oil spill in the Gulf of Mexico.
 Read more

Kate Mackenzie

Shale gas excitement seems to be spreading everywhere. Gideon Rachman, the FT’s foreign affairs commentator, describes how he has been cornered more than once at international conferences (not energy-focused conferences, we suspect) by someone declaring the importance of shale gas.

He likens it to the scene in The Graduate in which Dustin Hoffman’s character is given the prosaic advice: ‘plastics’. Read more

Kate Mackenzie

BP explains the ‘top kill’ plan and shows footage of some of the preparations preceding it:

Kate Mackenzie

After it last week made its riser-monitoring camera feed available Ed Markey, Massachusetts Democratic congressman, wants BP to make publicly available all video feeds it has — and has published this video grab of a dozen feeds from the site of the leak: Read more

Kate Mackenzie

- A 42,000 barrel-a-day oil spill, from 1910

- A ‘death penalty’ for offshore drilling negligence

- The poor stepchild of oil data

- Public blames administration, but blames BP more

- ‘Green bond’ proposed to address cap-and-trade problems [And more] Read more

Kate Mackenzie

- BP told to rein in use of chemicals – FT

- Engineers gamble on ‘top kill’ – FT

- BP CEO rates ‘top kill’ chances at 60 – 70% – Bloomberg

- Government has authority to leak spill response, but may lack know-how – CNN

- Administration conflicted over relying on BP to stop leak – Washington Post

- US declares fishery disaster in three Gulf states – Reuters

- India’s sibling saga may have more twists – FT
[And more] Read more