Roundtable Discussion; The Future of Mineral Sands. 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: 511.90
Bid: 511.90
Ask: 512.10
Change: 2.50 (0.49%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 512.60
Low: 503.60
Prev. Close: 509.40
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Read more
17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

Read more
15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

Read more
15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

Read more
13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

Read more
12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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.