{"id":11461,"date":"2010-07-15T23:44:08","date_gmt":"2010-07-15T21:44:08","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/11461\/bp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out\/"},"modified":"2010-07-15T23:44:08","modified_gmt":"2010-07-15T21:44:08","slug":"bp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/11461\/bp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out\/","title":{"rendered":"BP claims Gulf oil spill is contained, but will it hold out?"},"content":{"rendered":"<p><p>BP has confirmed that the Gulf oil spilll has now been temporarily contained and will stop crude oil leaking into the Gulf of Mexico from the Deepwater Horizon rig for the first time since April 20th 2010, but will it hold out?<\/p>\n<p>The Gulf disaster caused by BP has now been sealed with a cap, which engineers are now monitoring to see if it holds out.<\/p>\n<p>&#8220;The sealing cap system never before has been deployed at these depths or under these conditions, and its efficiency and ability to contain the oil and gas cannot be assured.&#8221; said a BP spokeswoman.<\/p>\n<p>\u201cI am very excited that there\u2019s no oil  in the Gulf of Mexico,\u201d Kent Wells, a senior vice president for BP, said about the flow during a teleconference on Thursday, \u201cbut we just started the test and I don\u2019t want to create a false sense of excitement.\u201d<\/p>\n<p>Oil stopped flowing at 2:25pm local time, Mr. Wells said, when engineers closed the choke line, the final seal of the well.<\/p>\n<p>Mr. Wells, of BP, cautioned that this cap may not be the ultimate solution to sealing the well, and may be only an interim solution. \u201cWhat we have to be careful about, depending on what this test tells us, we may need to open the well back up and go back to containment options.\u201d<\/p>\n<p>BP&#8217;s US shares jumped 10 percent after the company announced that its test had managed to shut off the flow of oil into the ocean.<\/p>\n<div>\n<div><a href=\"http:\/\/digg.com\/submit?url=http2F2Foil2F072Fbp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out.html&title=BP+claims+Gulf+oil+spill+is+contained3F\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div>\n<div><a href=\"http:\/\/www.reddit.com\/submit?url=http2F2Foil2F072Fbp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out.html&title=BP+claims+Gulf+oil+spill+is+contained3F\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/reddit.png\" alt=\"Reddit This\" title=\"Reddit This\" \/><\/a><\/div>\n<div><a href=\"http:\/\/www.stumbleupon.com\/submit?url=http2F2Foil2F072Fbp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out.html&title=BP+claims+Gulf+oil+spill+is+contained3F\"><img 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class=\"lightsocial_img\" src=\"http:\/\/www.liveoilprices.co.uk\/oil\/wp-content\/plugins\/light-social\/google_buzz.png\" alt=\"Google Buzz (aka. Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div>\n<\/div>\n<ul>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/will-bp-go-bankrupt-over-the-gulf-of-mexico-oil-spill.html\" title=\"Will BP go bankrupt over the Gulf of Mexico oil spill?\">Will BP go bankrupt over the Gulf of Mexico oil spill?<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-racks-up-64000-claims-over-gulf-of-mexico-oil-spill.html\" title=\"BP racks up 64,000 claims over Gulf of Mexico oil spill\">BP racks up 64,000 claims over Gulf of Mexico oil spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_prices\/06\/2010\/gulf-oil-spill-puts-upward-momentum-on-crude-oil-prices.html\" title=\"Gulf oil spill puts upward momentum on crude oil prices\">Gulf oil spill puts upward momentum on crude oil prices<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/gulf-of-mexico-oil-spill-may-take-until-christmas-to-cap.html\" title=\"Gulf of Mexico oil spill may take until Christmas to cap\">Gulf of Mexico oil spill may take until Christmas to cap<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/gulf-oil-spill-maybe-bigger-than-bp-wants-you-to-know.html\" title=\"Gulf oil spill maybe bigger than BP wants you to know\">Gulf oil spill maybe bigger than BP wants you to know<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/bp-aims-to-fit-new-oil-cap-at-gulf-spill-next-week.html\" title=\"BP aims to fit new oil cap at Gulf spill next week\">BP aims to fit new oil cap at Gulf spill next week<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/what-a-relief-bp-drill-closes-in-on-oil-well-has-just-1-shot.html\" title=\"What a relief? BP drill closes in on oil well, has just 1 shot\">What a relief? BP drill closes in on oil well, has just 1 shot<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/chances-are-that-bp-oil-spill-may-hit-miami-coast-by-august.html\" title=\"Chances are that BP oil spill may hit Miami coast by August\">Chances are that BP oil spill may hit Miami coast by August<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-fails-to-contain-oil-spill-as-latest-effort-gets-stuck.html\" title=\"BP fails to contain oil spill as latest effort gets stuck\">BP fails to contain oil spill as latest effort gets stuck<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-shares-in-freefall-down-14bn-as-gulf-oil-crisis-deepens.html\" title=\"BP shares in freefall down \u00a314bn as Gulf oil crisis deepens\">BP shares in freefall down \u00a314bn as Gulf oil crisis deepens<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/05\/2010\/bp-pasted-by-more-setbacks-over-us-gulf-crude-oil-spill.html\" title=\"BP pasted by more setbacks over US Gulf crude oil spill\">BP pasted by more setbacks over US Gulf crude oil spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/us-government-plans-to-take-bp-to-the-cleaners-over-spill.html\" title=\"US government plans to take BP to the cleaners over spill\">US government plans to take BP to the cleaners over spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/brent_oil_prices\/07\/2010\/brent-oil-price-near-77-as-bp-oil-cap-results-see-a-delay.html\" title=\"Brent oil price near $77 as BP oil cap results see a delay\">Brent oil price near $77 as BP oil cap results see a delay<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/bp-adds-new-cap-to-gulf-oil-well-but-will-it-kill-the-spill.html\" title=\"BP adds new cap to Gulf oil well but will it kill the spill?\">BP adds new cap to Gulf oil well but will it kill the spill?<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/brent_oil_prices\/07\/2010\/brent-oil-trading-higher-gulf-spill-not-affecting-price-yet.html\" title=\"Brent oil trading higher, Gulf spill not affecting price, yet..\">Brent oil trading higher, Gulf spill not affecting price, yet..<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/bp-oil-relief-well-maybe-last-chance-of-stopping-gulf-spill.html\" title=\"BP oil relief well maybe last chance of stopping Gulf spill\">BP oil relief well maybe last chance of stopping Gulf spill<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/uk-pm-and-us-president-split-over-bp-oil-spill-costs.html\" title=\"UK PM and US President split over BP oil spill costs\">UK PM and US President split over BP oil spill costs<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/gulf-oil-spill-guestimates-higher-now-1-68m-gallons-daily.html\" title=\"Gulf oil spill estimates higher, now 1.68M gallons daily\">Gulf oil spill estimates higher, now 1.68M gallons daily<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/us-bans-oil-companies-deep-water-drilling-for-6-months.html\" title=\"US bans oil companies deepwater drilling for 6 months\">US bans oil companies deepwater drilling for 6 months<\/a><\/li>\n<li><a href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/06\/2010\/bp-lowers-a-cap-onto-leaking-gulf-of-mexico-oil-well.html\" title=\"BP lowers a cap onto leaking Gulf of Mexico oil well\">BP lowers a cap onto leaking Gulf of Mexico oil well<\/a><\/li>\n<\/ul>\n<p>Read the rest here:\u00a0<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.liveoilprices.co.uk\/oil\/oil_companies\/07\/2010\/bp-claims-gulf-oil-spill-is-contained-but-will-it-hold-out.html\" title=\"BP claims Gulf oil spill is contained, but will it hold out?\">BP claims Gulf oil spill is contained, but will it hold out?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> BP has confirmed that the Gulf oil spilll has now been temporarily contained and will stop crude oil leaking into the Gulf of Mexico from the Deepwater Horizon rig for the first time since April 20th 2010, but will it hold out? The Gulf disaster caused by BP has now been sealed with a cap, which engineers are now monitoring to see if it holds out. &#8220;The sealing cap system never before has been deployed at these depths or under these conditions, and its efficiency and ability to contain the oil and gas cannot be assured.&#8221; said a BP spokeswoman. \u201cI am very excited that there\u2019s no oil in the Gulf of Mexico,\u201d Kent Wells, a senior vice president for BP, said about the flow during a teleconference on Thursday, \u201cbut we just started the test and I don\u2019t want to create a false sense of excitement.\u201d Oil stopped flowing at 2:25pm local time, Mr. Wells said, when engineers closed the choke line, the final seal of the well. Mr. Wells, of BP, cautioned that this cap may not be the ultimate solution to sealing the well, and may be only an interim solution. \u201cWhat we have to be careful about, depending on what this test tells us, we may need to open the well back up and go back to containment options.\u201d BP&#8217;s US shares jumped 10 percent after the company announced that its test had managed to shut off the flow of oil into the ocean. Will BP go bankrupt over the Gulf of Mexico oil spill? BP racks up 64,000 claims over Gulf of Mexico oil spill Gulf oil spill puts upward momentum on crude oil prices Gulf of Mexico oil spill may take until Christmas to cap Gulf oil spill maybe bigger than BP wants you to know BP aims to fit new oil cap at Gulf spill next week What a relief? BP drill closes in on oil well, has just 1 shot Chances are that BP oil spill may hit Miami coast by August BP fails to contain oil spill as latest effort gets stuck BP shares in freefall down \u00a314bn as Gulf oil crisis deepens BP pasted by more setbacks over US Gulf crude oil spill US government plans to take BP to the cleaners over spill Brent oil price near $77 as BP oil cap results see a delay BP adds new cap to Gulf oil well but will it kill the spill? Brent oil trading higher, Gulf spill not affecting price, yet.. BP oil relief well maybe last chance of stopping Gulf spill UK PM and US President split over BP oil spill costs Gulf oil spill estimates higher, now 1.68M gallons daily US bans oil companies deepwater drilling for 6 months BP lowers a cap onto leaking Gulf of Mexico oil well <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11461","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=11461"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/11461\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=11461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=11461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=11461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}