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: 460.65
Bid: 459.05
Ask: 459.15
Change: 0.65 (0.14%)
Spread: 0.10 (0.022%)
Open: 459.95
High: 462.15
Low: 457.50
Prev. Close: 460.00
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Hurricane Would Be 'Major Challenge' To Gulf Of Mexico Efforts -NOAA

Mon, 28th Jun 2010 04:29

By Cassandra Sweet Of DOW JONES NEWSWIRES As BP PLC (BP) works to plug an oil leak in the Gulf of Mexico and scientists work to figure out how the oil is affecting underwater sea life, the active hurricane season forecast for this summer is a major concern. "A hurricane would present a major challenge to the Gulf" disaster recovery and management efforts, said Jane Lubchenco, head of the National Oceanic and Atmospheric Administration. "The earlier it is, the more challenging it would be." While tropical storm Alex moved toward the Gulf Sunday on a path likely to avoid the oil spill, it served as a reminder that the National Hurricane Center, run by the NOAA, has predicted a more active Atlantic hurricane season than normal, with a potential for up to 14 hurricanes, up to seven of which could be major. While BP works to collect several thousand barrels of oil a day, the company is at least a few weeks away from completing relief wells that it hopes will permanently stanch the flow of oil from the broken Macondo well nearly a mile below the surface. If Mother Nature can hold off on any hurricanes until after BP plugs the hole, it would do the Gulf a world of good, as a hurricane headed for the Gulf could disrupt current containment efforts and preparation of the relief wells. Scientists have estimated that as much as 60,000 barrels of oil are spewing from the broken well into the ocean each day. BP said Sunday it collected 22,750 barrels of oil on Saturday. Government scientists and scientists from research institutions studying the area around the spill have found that underwater oxygen levels--a key concern for marine life--are at safe levels, Lubchenco said in an interview late Friday. In a federal report released Wednesday, scientists concluded that droplets of oil are sitting deep underwater in the Gulf, but that the oil didn't appear to have cut the amount of underwater oxygen to levels that would hurt marine life. 'There's No Underwater Lake Of Black Stuff' Scientists are continuing to test water samples from various depths and areas in the Gulf to determine where the underwater oil is, and where it's going, Lubchenco said. Because the oil is leaking from so deep beneath the surface, much of it is staying underwater, she said. Methane gas beneath the seafloor is pushing the oil at high pressure out of the broken well, causing the spewing oil to scatter into droplets, rather than stay together in a stream, she said. As the oil mixes with water it breaks up into even smaller pieces. Small oil droplets tend to remain underwater and are difficult to find, Lubchenco said. The droplets also are a result of chemical dispersants that BP has been spraying on the oil to break it up and prevent it from washing ashore. While the dispersants themselves are toxic, they're less toxic than the oil, she said. "It's the lesser of two evils," said Lubchenco, a Ph.D. marine ecologist who taught at Harvard University and Oregon State University before being selected to head NOAA. The droplets are so small, they're not visible to the naked eye, Lubchenco said. Scientists have to collect samples from deep underwater and bring them to the surface to be analyzed. Lubchenco said the underwater oil plume is more of a "cloud" or a "mist." "There's no underwater lake of black stuff," she said. Lubchenco said scientists will have a better idea where the underwater oil is migrating and how it's affecting marine life "in another couple of weeks." -By Cassandra Sweet, Dow Jones Newswires; 415-269-4446; cassandra.sweet@dowjones.com (END) Dow Jones Newswires June 27, 2010 23:29 ET (03:29 GMT)
More News
4 Dec 2023 15:46

London close: Stocks finish weaker as commodities drag

(Sharecast News) - London's equity markets closed lower on Monday as investors kept a watchful eye on upcoming US jobs data, while gold prices surged to record highs.

Read more
4 Dec 2023 12:06

LONDON MARKET MIDDAY: Miners and oil majors keep lid on FTSE 100

(Alliance News) - London's FTSE 100 went into the afternoon on the back foot on Monday, with some of its heavyweights in the mining and oil sectors on the decline.

Read more
4 Dec 2023 07:38

LONDON BRIEFING: Wizz Air and Ryanair report November traffic growth

(Alliance News) - London's FTSE 100 is called to open lower on Monday, while Asian equities made an underwhelming start to the week, as investors eagerly anticipate Friday's US nonfarm payrolls data.

Read more
30 Nov 2023 17:06

LONDON MARKET CLOSE: Stocks react mixed to cooling euro, US inflation

(Alliance News) - The FTSE 100 in London closed up on Thursday, but share prices were firmly down in the FTSE 250, while European equities were buoyed by cooling inflation in the eurozone.

Read more
30 Nov 2023 15:16

London close: Stocks mixed after US, Europe inflation data

(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.

Read more
30 Nov 2023 12:06

LONDON MARKET MIDDAY: Cooler inflation readings support equities

(Alliance News) - Stocks prices in Europe were on the up on Thursday afternoon, tamer inflation data took some shine off the euro and Crude prices climbed ahead of a meeting of oil producers.

Read more
30 Nov 2023 08:55

LONDON MARKET OPEN: Cooler CPI data brings ECB cut closer into view

(Alliance News) - London's FTSE 100 made a tepid start to the day on Thursday, though large-cap peers in Paris and Frankfurt rose, as another inflation reading from the euro area took some sting out of European Central Bank interest rate expectations.

Read more
29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
27 Nov 2023 11:58

LONDON MARKET MIDDAY: Downbeat China headlines hurt FTSE 100

(Alliance News) - London's FTSE 100 made an uncertain start to the week, with share price falls for miners, oil majors and China-exposed stocks sending the large-cap benchmark into the red heading into Monday afternoon.

Read more
27 Nov 2023 09:20

LONDON BROKER RATINGS: Peel, Numis up Rightmove; Goldman cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
27 Nov 2023 08:49

LONDON MARKET OPEN: Rightmove shines despite UK housing market strife

(Alliance News) - Stock prices in London opened mixed on Monday, while the pound continued its ascent, as the expectation that US interest rates have peaked continues to put pressure on the dollar.

Read more
24 Nov 2023 16:56

LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

Read more
23 Nov 2023 16:09

London close: Stocks make small gains on quiet Thursday

(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.

Read more
23 Nov 2023 11:49

LONDON MIDDAY: FTSE 100 edges lower despite boost from oil stocks

(Alliance News) - The FTSE 100 in London was down at midday on Thursday, despite getting a boost from oil stocks.

Read more
22 Nov 2023 18:56

Sector movers: Oil stocks skid after OPEC+ surprise

(Sharecast News) - Weakness in the oil patch after OPEC+ delayed its next ministerial meeting amid a squabble over production quotas weighed on the FTSE 350.

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.