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Share Price: 460.00
Bid: 459.60
Ask: 459.80
Change: 0.00 (0.00%)
Spread: 0.20 (0.044%)
Open: 460.30
High: 463.35
Low: 458.30
Prev. Close: 460.00
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Deep sea recovery from U.S. Gulf spill could take decades -study

Tue, 24th Sep 2013 21:09

WASHINGTON, Sept 24 (Reuters) - The muddy deep-sea ecosystemaround the massive 2010 Gulf of Mexico oil spill could takedecades to recover from the effects of the disaster, researchersreported on Tuesday.

The oil spill from BP Plc's Macondo well had its mostsevere impact on the ecosystem in an area about nine squaremiles (24 square km) around the wellhead, the report in theonline scientific journal PLoS One said.

Moderate effects were seen at 57 square miles (148 squarekm). The sea bottom's rich biodiversity was greatly reduced bythe oil plume, which was up to 200 yards (183 meters) thick and1.2 miles (1.9 km) wide, it said.

"Given deep-sea conditions, it is possible that recovery ofdeep-sea soft-bottom habitat and the associated communities inthe vicinity of the DWH blowout will take decades or longer,"the report concluded.

The April 20, 2010 disaster aboard the Deepwater Horizondrilling rig killed 11 workers and ruptured the Macondo well,triggering the worst offshore oil spill in U.S. history.

The research was carried out for the National Oceanic andAtmospheric Administration. Paul Montagna, an ecosystemsprofessor at Texas A&M University, said on NOAA's website thatnormally pollution was found within 300 to 600 yards (meters) ofan offshore well.

In the Macondo case, it was found nearly two miles (3.2 km)from the well, he said.

Jeff Baguley, an expert on tiny marine and freshwaterinvertebrates from the University of Nevada, said on the NOAAwebsite that the samples showed that the dominant group inaffected areas had become nematode worms.

The research team included members from University ofNevada-Reno, Texas A&M, NOAA's National Centers for CoastalOcean Science and representatives from BP.

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Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the abandoned ship is drifting in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday.

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13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbour Russia.

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11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

DAKAR, June 11 (Reuters) - Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, adding that the drilling campaign was ongoing.

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11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

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10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.

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10 Jun 2024 22:44

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 21:48

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 15:37

Supreme Court seeks US government views on Honolulu climate suit against oil companies

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change.

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4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag

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4 Jun 2024 17:03

Sector movers: Miners, Big Oil weigh on FTSE 350

(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.

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4 Jun 2024 17:01

London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9%

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4 Jun 2024 16:53

LONDON MARKET CLOSE: Cooling US job market boosts rate cut hopes

(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.

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4 Jun 2024 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

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30 May 2024 20:55

Trinidad court recognizes ConocoPhillips' $1.3 bln claim against Venezuela

May 30 (Reuters) - A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela.

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29 May 2024 21:16

BP, Trinidad's NGC receive US license for gas development with Venezuela

May 29 (Reuters) - British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.

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