Why Bp Won't Measure The Oil Spill

In the latest sci-fi development from the Gulf oil spill, scientists have found enormous oil plumes beneath the ocean's surface. With this, and last week's underwater footage of oil and gas gushing out of the ruptured well, it's apparent that BP's estimate of the amount of oil entering the Gulf each day is at once laughably and horrifyingly low.

Topics:  bp   gulf   oil spill   
BING NEWS:
  • BP records weakest quarterly profit in nearly four years as oil prices fall
    reflecting weaker oil prices and refining margins. The energy giant made an underlying replacement cost profit - its preferred measure of earnings - of $2.3billion (£1.75billion) for the three ...
    10/29/2024 - 2:47 am | View Link
  • BP Stock Is Falling After Earnings Beat. Why It’s Trailing Exxon and Chevron.
    Oil is trading 17% below where it was a year ... Underlying replacement cost profit, the industry’s standard measure of profit, came in at $2.3 billion for the third quarter—better than ...
    10/28/2024 - 10:08 pm | View Link
  • BP profits dive 66% as coronavirus hits oil demand
    which largely reflected the dramatic fall in oil prices. The loss on the value of BP's inventories was $3.7bn (£3bn). That is a one-off factor and on the company's preferred "underlying" measure ...
    12/17/2023 - 5:42 am | View Link
  • BP to Reactivate Prudhoe Wells
    Prudhoe, the largest North American oil field, has about 1,600 wells in ... Pressure must be bled off wells before start-up as an extra safety measure. Historically, that was not done, Blankenship ...
    07/16/2018 - 4:30 pm | View Link
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