ibusinesslines.com March 21, 2018

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

Trump's Secret Weapon in North Korea Standoff: Unpredictability
A United States city is the epicenter of a nuclear bomb in a disturbing new propaganda video released by North Korea. Yet China still values the stability of the Korean Peninsula, upholding its stance against unilateral sanctions.

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".

Scrapping Nuclear Deal May Embolden Iran's Hardliners
Tillerson said the Trump administration is conducting a "comprehensive review" of the agreement. "It shouldn't have been signed". During his campaign, Trump repeatedly criticized the Iran nuclear deal, calling it "the worst deal ever negotiated".

Police officer killed, two wounded in shooting on Champs Elysees in Paris
President Donald Trump said the shooting in Paris "looks like another terrorist attack" and sent condolences to France. He was reportedly trying to flee on foot, police sources said. "Not everything has been done to protect our citizens".

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.

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.

Reid back but Carroll out as West Ham prepare for Everton visit
Personally, I would have like to have seen him given the opportunity to establish himself in the Hammers first team this season. In his rehabilitation he did some individual stuff and it's a big boost for us.