BP Changes Caps

Update: The cap is ON.

BP is replacing the old cap on its gushing Gulf oil well. Removing the old cap has allowed crude oil to gush unrestrained into the Gulf of Mexico, some 60,000 barrels per day.

The new cap will have an improved, snug fit, and should capture more crude. It has been manufactured by Cameron, the company that also made the blowout prevention valves (BOPs) on the Deepwater Horizon.  The cause of the failure of the Deepwater’s BOPs has yet to be determined.

  

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Gulf Oil Spill: International Edition

The Korean-made Deepwater Horizon, owned by a Swiss corporation, was flying a Marshall Islands flag while drilling for oil in the Gulf of Mexico under contract to British-born BP. It was fitted with a Cameron International blow out preventer (BOP) and serviced by Halliburton, both Houston-based firms. Other partners in the BP oil lease: Japan’s Mitsui and Anadarko Petroleum of Texas.

There is plenty of globalized blame to go around.

See? We Told You So.

Congressional committee hearings Tuesday provided the first overt finger-pointing in the Deepwater oil-spill catastrophe. BP officials blamed their Transocean drilling contractors for the Gulf offshore oil spill; Transocean blamed both BP and service provider Halliburton. Guess what Halliburton did.

See? We told you so.

More:

“BP, Transocean and Halliburton blame each other for Deepwater Horizon spill,” Suzanne Goldenberg, The Gurdian.

“Oil companies trade blame over Gulf of Mexico spill,” Olivier Knox, AFP via Google.

“Oil executives shift blame at Senate hearing,” Steven Mufson and David A. Fahrenthold, Washington Post.

“Oil-Spill Hearing Leads to Finger-Pointing,” Sioban Hughes and Corey Boles, Wall Street Journal.

“Oil executives face Congress on spill, shift blame,” Timothy Gardner and Ayesha Rascoe, Reuters via CNN Money.

“Senators Hear a Cascade of Blame for Oil Rig Explosion,” Jim Efstathiou Jr., Businesweek.

This Oil Spill Brought To You By …

Hyundai Heavy Industries Co, Ltd — Builder of the Deepwater Horizon.
HHI Offshore and Engineering Division brochure here.

Cameron — Manufacturer of oil drilling valves. 
“Cameron CEO: ‘Too Early’ To Know Blowout Preventer Role In Rig Blast,”  Brian Baskin, Dow Jones Newswires via MorningStar.

Transocean — Owner and contract operator of the Deepwater Horizon.
“Transocean Ltd. Provides Deepwater Horizon Update” (press release).

BP Global — Transnational energy corporation.
“Update on Gulf of Mexico Oil Spill Response” (Press Release).

Halliburton — Oil platform services contractor.
“HALLIBURTON PROVIDES CEMENTING FACTS REGARDING RIG INCIDENT,” (press release).

More:

“Gulf Coast attorneys general call on BP, Transocean and other Deepwater firms to guarantee long-term impact of oil spill,” Matthew Boyle – The Daily Caller

“BP, Halliburton, Transocean Told to Keep Rig Evidence,” Justin Blum and Jim Polson, Bloomberg News.

“Cameron International Corp. (formerly Cooper Cameron),” Arnold & Itkin, LLP.

 “Oil Blowout Device Maker Has $500M For Liability,” AP via WKRG-TV.

“BP’s blame-game tightrope,” Rowena Mason, Daily Telegraph.

“GoM blowout: assigning blame and liability,” Oil & Gas Financial Journal.

NEW:  “Clarifying Questions of Liability, Cleanup and Consequences,” Matthew L. Wald, New York Times.

 

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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