Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 514.30
Bid: 514.30
Ask: 514.50
Change: -6.10 (-1.17%)
Spread: 0.20 (0.039%)
Open: 520.00
High: 521.80
Low: 513.00
Prev. Close: 520.40
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BP: No Decision Has Been Made On Doing 'Static Kill'

Tue, 20th Jul 2010 22:43

By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) will continue to test the integrity of a cap that has temporarily sealed a runaway well in the Gulf of Mexico while a group of scientists debate a way to speed up the Deepwater Horizon gusher's ultimate demise, company executives and government officials said Tuesday. BP and the U.S. government plan to spend another day or two mulling a "static kill," which could plug the leak with heavy drilling mud. The procedure, somewhat similar to the so-called "top kill" attempt that failed last May, could increase the chances of success for a relief well that the company is currently drilling to stop the leak from the bottom of the well. "Working in tandem these (two) can have an ability to have the well completely killed in less time," Kent Wells, a BP senior vice president, said in a news conference. "It could also reduce the execution of risk," so it is "clearly worthy" of study, he said. The U.K. oil giant first floated the "static kill" idea to the public late Monday. Even though the previous attempt to kill the well from the top failed, this time around the well is shut in and the reservoir is somewhat depleted, Wells said, meaning the company can pump mud at a lower rate and keep it from gushing back out. The company continues to work on dual relief wells, the first of which is scheduled to kill the leaking well by mid-August, Wells said. On Tuesday, U.S. authorities approved another 24-hour testing period for a cap that is keeping up to 60,000 barrels of oil a day from spilling into the Gulf of Mexico, retired Coast Guard Adm. Thad Allen, who heads the federal oil spill response effort, said in a conference call. The well has been shut in since Thursday, when BP began testing the new containment cap. The cap was originally supposed to be tested for 48 hours, but Allen has granted four 24 hour extensions. Allen holds the power to call off the test of the cap at anytime. So far BP is pleased with the results of the testing. "At this point we do not have any anomalies or evidence that would say we don't have well integrity," Wells said Thursday. However, the tests are not conclusive, he added. "As each day goes along it gives us more confidence," he said. BP has been working for 13 weeks to contain the gusher, which erupted shortly after the explosion and sinking of a Transocean Ltd. (RIG) rig off the coast of Louisiana. -By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com (END) Dow Jones Newswires July 20, 2010 17:43 ET (21:43 GMT)
More News
29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

Read more
26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

Read more
26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

Read more
26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

Read more
26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

Read more
26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

Read more
26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

Read more
25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

Read more
23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Read more
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

Read more
22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Read more
22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

Read more
18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

Read more
18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

Read more
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.