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

UPDATE BP: Recovers 11,070 Bbl/Oil, 23.2 Mcf Nat Gas From Spill By Noon Sunday

Sun, 20th Jun 2010 00:31

(Updates with BP's rate of oil, gas recovery for first half of Sunday) By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said it recovered about 11,070 barrels of oil and flared 23.2 million cubic feet of natural gas from a mile-deep leak in the U.S. Gulf of Mexico in the first 12 hours of Sunday. About 6,790 barrels of oil were collected and 4,280 barrels were burned, the company said as its spill-capture efforts recovered from a technical upset Friday night. Themal function, combined with bad weather, led to the 10-hour shutdown of the larger of two oil-collecting vessels, the Discoverer Enterprise. BP restarted the collection aboard the ship effort early Saturday, after cleaning a blocked flame arrestor--a vent that prevents collected oil from catching fire. On Saturday, the company captured about 21,040 barrels of oil and flared 43.4 million cubic feet of natural gas, a rate lower than Thursday's record of more than 25,000 barrels a day. So far the containment effort has recovered more than a quarter of a million barrels of crude; that's approximately the amount of oil leaked by the Exxon Valdez in 1989. The spill BP is trying to contain is estimated to be leaking between 35,000 and 60,000 barrels of oil every day into the Gulf's waters. The closely-watched figures for oil recovery reflect the intense pressure BP is under to contain the spill. The leak, one of the worst environmental disasters ever to afflict the Gulf region, continues to grow nearly two months after a rig leased by BP, the Deepwater Horizon, exploded and sank some 50 miles from the Louisiana shore, killing 11. The company aims to increase its capture rate to more than 50,000 barrels a day by the end of June and to as much as 80,000 by mid-July by bringing in new equipment. BP executives and the U.S. Coast Guard admiral overseeing the response effort, Thad Allen, have warned that further disruptions are likely if storms pass through the area during this summer, as responders would need to evacuate. Even as collection efforts at the surface intensify, BP is moving forward with a parallel strategy to permanently shut down the leaking well by intersecting it with another well and flooding it with cement. A BP executive said Friday that it expected to do so by early August. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214; angel.gonzalez@dowjones.com (END) Dow Jones Newswires June 20, 2010 19:31 ET (23:31 GMT)

Related Shares

More News
29 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing t...

24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be ...

24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure ...

24 Apr 2024 09:58

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

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as co...

24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as ...

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.