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LONDON (Reuters) – The entire invoice related to the oil spill drifting toward Louisiana from a properly operated by BP Plc in the Gulf of Mexico, may exceed $14 billion, analysts said.
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Welcome! Interviews with rig staff conducted as a part of BP’s inner investigation into the explosion indicate that a methane gas bubble escaped from the effectively and expanded quickly as it shot up the drill column, a collection of events that included the failure of the blowout preventer and explosion of the rig.
The Deepwater Horizon disaster is more likely to do the identical for the oil trade, curtailing any possible expansion of drilling in deep water, the place a lot of the remaining oil is to be found, and maybe even shutting down the tasks that have already started.
U.S. Coast Guard Led Large Oil Spill Train Previous to Rig Explosion (#breaking_news) … Read the rest