ibusinesslines.com
ibusinesslines.com August 17, 2017


Alaska Says BP Oil And Gas Leak Stopped

21 April 2017, 07:30 | Kelvin Horton

DEC is coordinating with BPXA and the Alaska Oil and Gas Conservation Commission to investigate the cause. This last March, daily output in the area hit 565,000 bpd - the highest in more than three years. Oil was spraying from a leak near the top of the well. But the continuing natural gas leak continues to be a problem. "The bottom leak has been reduced, but is now leaking gas as well as some minor amount of crude oil". The spill was discovered on Friday, and the oil leakage has since been contained but gas is still flowing from the well, according to the Alaskan Department of Environmental Conservation.

On Monday, almost three days after the leak was found, ADEC announced the unified command had to managed to "kill" the well overnight and end the gas leak.

"It's tough to determine collateral impacts at this point, but some incident-related slowdown at Prudhoe Bay seems at least a reasonable risk to consider", Tudor Pickering Holt & Co., a Houston-based energy investment bank, wrote in a Monday note.

The network said other quantities of natural gas were leaking from the site along with crude oil and investigations were underway to find out the causes of the accident. But its infamous 2010 Deepwater Horizon oil spill focused the world's attention on the environmental and economic importance of the Gulf of Mexico.


No injuries have been reported. By Sunday night, the well had settled about 11 in. So far, officials have triggered a safety valve to slow the release of natural gas from the well, but the well was still leaking as of Sunday afternoon.

On Friday, an oil spill occurred at a well on the frozen tundra of Alaska's North Slope near Prudhoe Bay, The Wall Street Journal.

The Alaskan North Slope crude was valued at a per barrel value of $1.9 over the U.S. benchmark West Texas Intermediate on 13th April.



Other News

Trending Now

Samsung's Galaxy S8 facial recognition feature can be fooled with a photo
Samsung has officially unveiled the latest addition to Galaxy premium range, the Galaxy S8 at its Unpacked 2017 event in NY . The new smartphones are powered by the new octa-core Exynos processors with 4GB RAM and 64GB internal storage.

LeBron James helps Cavs erase record playoff halftime deficit
Top seeds in the Eastern Conference , the Boston Celtics trail the Bulls 2-0 ahead of a trip to Chicago for game three on Friday. Now, they sit down 3-0 with little chance of making this thing a series . "It was a very poorly officiated basketball game".

North Korea Preparing for Major Military Parade Ahead of National Holiday
Vice Foreign Minister Ryol added that the Trump administration is "more vicious and more aggressive" than President Obama's. Beijing's decision earlier this year to cut off coal imports from North Korea also are being seen as a hopeful sign.

Here's your rodeo weather forecast for the north valley
Those showers will linger until midmorning Friday but scattered showers will remain throughout the day with highs near 67. Friday: showers are possible at nearly any time, but the greater chance of heavier storms comes from around 3pm to 11pm.

Trump congratulates Turkey's Erdogan on referendum win
Erdogan has lashed back at the OSCE global monitors' initial findings, telling them to "know their place", Reuters reports. Turkey voted on Sunday to switch to a presidential system, greatly increasing Erdogan's powers.

Iraq officials: 26 hostages, including Qatari royals, freed
The publication said Qatari officials had flown into Baghdad with large bags that they refused to allow to be searched. An airport official said the group departed Friday afternoon on a private Qatari jet from Baghdad airport.

Giants place Posey on disabled list after fastball to helmet
After losing back-to-back games against San Diego Padres , the Giants pulled off a 5-3 win in the third game Sunday night. Even if this is still less than ideal, it's a much better situation to be in than if this happened a year ago .