Oil Spill Has Cost BP Over £1.5bn Since April

fireblade

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BP says the total clean-up cost of the Gulf of Mexico oil spill has come to more than £1.5bn so far

The company says the operation has involved 37,000 people and 4,500 boats.

It has received 74,000 compensation claims and 39,000 payments have been made, totalling over £84m.

In a statement BP said: "The cost of the response to date amounts to approximately $2.35bn (£1.57bn), including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs."

The company has agreed to a $20bn (£13.4bn) fund to pay claims after pressure from the White House.

BP added that it is "too early to quantify other potential costs and liabilities associated with the incident".

The oil giant's shares plunged to a 14-year low at one point, falling by almost 9% to just under 300p after the markets opened.

Oil continues to gush from the ruptured well following the explosion on the Deepwater Horizon rig two months ago.

The drifting slick has contaminated more than 125 miles of Louisiana coast, shutting down fishing operations and triggering long-term fears for the region's already endangered wildlife.

BP resumed siphoning oil on Thursday after the cap on the leaking pipe had to be removed due to a system malfunction.

While the cap was off, around 10,000 gallons of oil an hour began flowing uncontrolled into the sea.

But the company said it collected or burned off 23,725 barrels of oil on Thursday.

view the pictures at this link.
BP Says The Total Cost Of The Oil Spill Clean-Up Operation Is More Than £1.5bn So Far | Business | Sky News

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:Jester:
 

Bracket

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If you want live (???) feeds of what is happening then go here:

Reality Check - BP Video Portal (Basic)

There are rumours that some of these cameras are on a loop so never show the true problem but its probably the best way to see whats going on down there.

Looks like they still haven't got the cap on yet!

Its been noted though that they never show the seabed. If the seabed has got cracks in it then it may be very serious. There is speculation that there is a massive pocket of methane under there.
 
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charlie senator

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I watched a program on this the other night and they said it would need another 150 incidents like this before the oil industry would begin to get worried
 

hoppy

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If you want live (???) feeds of what is happening then go here:

Reality Check - BP Video Portal (Basic)

There are rumours that some of these cameras are on a loop so never show the true problem but its probably the best way to see whats going on down there.

Looks like they still haven't got the cap on yet!

Its been noted though that they never show the seabed. If the seabed has got cracks in it then it may be very serious. There is speculation that there is a massive pocket of methane under there.

Waw,,that is scary to watch.
What a fookin mess..
 

Bracket

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Its coming out at a pressure of 100,000 psi. Current engineering technology doesn’t exist to contain something at 100,000 psi, meaning efforts to cap this will be useless.
 

fireblade

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If you want live (???) feeds of what is happening then go here:

Reality Check - BP Video Portal (Basic)

There are rumours that some of these cameras are on a loop so never show the true problem but its probably the best way to see whats going on down there.

Looks like they still haven't got the cap on yet!

Its been noted though that they never show the seabed. If the seabed has got cracks in it then it may be very serious. There is speculation that there is a massive pocket of methane under there.


are these a live link?


BBC Focus Magazine | science, technology and the future

NASA - Home

:Jester:
 

Bracket

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They're meant to be but I'm not convinced BP would want everyone to see what is really happening.

It could be days old video or something on a time delay.

Just been looking at the Enterprise ROV 2 video from the above links and something looks wrong with that well head. Looks more 'violent' than previously...
 
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