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Share Price Information for BP (BP.)

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Share Price: 491.30
Bid: 490.50
Ask: 490.60
Change: 2.00 (0.41%)
Spread: 0.10 (0.02%)
Open: 491.00
High: 493.10
Low: 490.30
Prev. Close: 489.30
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BP: Debris In Relief Well To Cause Slight Delay In 'Static Kill'

Fri, 30th Jul 2010 19:20

HOUSTON (Dow Jones)--BP PLC'S (BP, BP.LN) attempt to kill the well that spewed millions of gallons of oil in the Gulf of Mexico will be delayed until early next week, as the company cleans up rock debris found at the bottom of a relief well, a spokesman said Friday. The start of the so-called "static kill," previously scheduled for late Sunday or early Monday, is now estimated to start on Monday or Tuesday, BP spokesman Steve Rinehart said. The reason for the delay is that rocks fell into the depths of a relief well that's bound to intersect the damaged Macondo well, and "it's taking some time to clean that out" before casing is inserted, Rinehart said. U.S. authorities say that casing is necessary to reinforce the relief well before BP can flood the neighboring damaged well with drilling mud to permanently kill the spill. Both wells are separated by a 4.5-foot wall of rock. Once the Macondo well is flooded from the top with mud and cement, BP will attempt to flood it from the bottom via the relief well. In a teleconference call on Friday, the head of the federal oil spill response effort, retired Coast Guard Admiral Thad Allen, said that cleaning the sedimentary debris out of the relief well "is not a huge problem." The debris fell after a drilling rig had to quickly evacuate the well last week as tropical storm Bonnie approached the area without being able to complete the casing of the well. Casing prevents rocks and other sediments from falling into the well. BP said Friday that oil remained shut in at the damaged well, and pressure kept building slowly, an indication that the well is in good shape and hydrocarbons are not seeping out from the sides. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com (END) Dow Jones Newswires July 30, 2010 14:20 ET (18:20 GMT)
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7 May 2024 09:09

LONDON MARKET OPEN: Stocks track global equities rise while BP falls

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7 May 2024 08:51

TOP NEWS: BP keeps up pace of share buybacks despite profit decline

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7 May 2024 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Shell to exit South Africa's downstream businesses

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3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

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Sector movers: Oil, Autos drag on FTSE 350

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UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
Anexo Group PLCFull Year Results
Cambridge Cognition Holdings PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
no events scheduled 
Tuesday 7 May 
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BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 19:30

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24 Apr 2024 13:24

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24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

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18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

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