After days of progress, BP freezes work in Gulf – Yahoo! News

I coould see when the well pipe was a jagged mess, but now that it is supposedly neatly topped with the new cap, why can’t just start piping up the oil and at least begin to collect it. Or are they already doing so? Their press releases are about as murky as the oil spewing out of the pipe.

…………………………..

NEW ORLEANS – BP froze activity on two key projects Wednesday meant to choke off the flow of oil billowing from its broken well in the Gulf of Mexico after days of moving confidently toward controlling the crisis.

The development was a stunning setback after the oil giant finally seemed to be on track following nearly three months of failed attempts to stop the spill, which has sullied beaches from Florida to Texas and decimated the multibillion dollar fishing industry.

The oil giant and the government said more analysis was needed before testing could proceed on a new temporary well cap — the best hope since April of stopping the geyser. Work on a permanent fix, relief wells that will plug the spill from below with mud and cement, also was halted.

Oil continued to spew nearly unimpeded into the water, with no clear timeline on when it would stop. BP shares were down 2.5 percent in afternoon trading in London after recouping some of their oil spill losses earlier this week, when the cap project seemed to be moving ahead.

“We want to move forward with this as soon as we are ready to do it,” said Kent Wells, a BP senior vice president.

via After days of progress, BP freezes work in Gulf – Yahoo! News.

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Posted on July 14, 2010, in Bureau of Business, Energy. Bookmark the permalink. Leave a comment.

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