BP

[Bostech]

This just shows how evil this company is and not only one since BP is part of "western democracy" which makes lot of other companies with same tactics.
After runing Iran for 70 years which caused islamic revolution,then all sort of small wars around globe to oil spill in Mexico Gulf now BP has gone even further with setting up deal with Lybia to allow them to drill offshore while GB releases lybian bomber.

http://www.msnbc.msn.com/id/38256677/ns/world_news-africa

[Lunican]

BP keeps releasing doctored images on its website and keeps getting caught.

http://www.bp.com/genericarticle.do?categoryId=9033571&contentId=7061902



http://gizmodo.com/5592836/bp-photoshops-another-official-image-again-terribly

[finehoe]

"We now have killed the Gulf of Mexico"

Matt Simmons shares some startling revelations in his latest Bloomberg TV interview, in which he says none of the propaganda matters on TV 24/7 (photoshopped or not) as the ultimate clean up cost will likely be well over $1 trillion, and a result he is unconcerned about his BP short. He ultimately see the stock going down to $1. What Simmons alleges however is far more startling and audacious: that this is a joint cover up effort between the administration and BP, in which both entities keep throwing sand in the eyes of observers while distracting everyone from the matter at hand: "What we don’t know anything about is the open hole which is caused by the drill bit when it tossed the blow-out preventer way out of the hole…and 120,000/day minimum of toxic poison has now covered the floor of the Gulf of Mexico. So what they’re talking about is the biggest environmental cover-up ever. And they knew that that well, that riser, would finally deplete. And then they could say it’s over." On blaming the catastrophe on Transocean: "For two days they kept saying it’s a rig fire. When the rig sank they could no longer call it a rig fire. It’s a riser leak…Because if they said the truth they would all go to jail." The conclusion: "Unfortunately, we now have killed the Gulf of Mexico."

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On whether the well pressure should be a concern:

“No, it’s a total diversion - that’s the gas condensation that was trapped in the drilling riser which blew off the wellhead at 10:01 PM CT on April 20th, it's a mile-long compressed natural gas."

"What we don’t know anything about is the open hole which is caused by the drill bit when it tossed the blow-out preventer way out of the hole…and 120,000 minimum of toxic poison has now covered the floor of the Gulf of Mexico. So what they’re talking about is the biggest environmental cover-up ever. And they knew that that well, that riser, would finally deplete. And then they could say it’s over. And unfortunately, we now have killed the Gulf of Mexico.”

“Some 5-10 miles away is what the NOIA research vessels have now proved is a deep oil lake that is growing by the day and it’s very toxic oil and its gases are very lethal. Basically if we have a hurricane now, we would have to evacuate the Gulf Coast.”

On the financial implications for BP:

“When people find out the magnitude of the story, I don’t know if we can technically clean up the Gulf but it would cost at least a trillion dollars.”

Simmons on his reaction to the rig explosion:  

“First of all when I woke up, when my wife turned on the television at 7:00 AM on the 21st and I saw this shocking news, that one of the greatest deepwater rigs ever built by one of the great companies in the industry, Transocean, was in the middle of this terrible fire, and then they said this was a rig fire, this is fuel on the rig, I know that there was 700 gallons of diesel on the rig, I said ‘This is a lie, the Gulf of Mexico is on fire. Why are they saying this?’  For two days they kept saying it’s a rig fire. When the rig sank they could no longer call it a rig fire. It’s a riser leak…Because if they said the truth they would all go to jail.”

On whether the blame lies squarely with BP:

"I think Transocean need Congressional Medals of Hero for this…I am really disgusted. Other than John Hofmeister, the retired president of Shell America, he's the only other person in the industry who I've seen to speak out."

On whether there is hope for a permanent solution now that the oil has stopped leaking:

“No, because that’s not the gusher. That was a little bit of condensation that would have ended anyways. There’s no way to fix the gusher because there’s no casing left in the hole other than doing a small diameter nuclear bomb…It's the only way. With no casing left in the hole, the odds of the relief well working are zero. What the relief wells do-- if they can find the casing, they then cut a 4 inch hole--and then they have something to capture the mud with. With no casing there, it's like pouring oatmeal down a fire hydrant…The casing is not there. It's scattered over the ocean floor. The government now has gamma ray images of the actual blow-out preventer, which is five stories high, weighs 325 tons and it has two sections of casing that pierced through five stories of metal."

[Timkin]

I personally believe that this comes closer to the actual truth of the matter... and Horrifying is an understatement.

[RiversideLoki]

I dunno.. Simmons is a bit of a nutcase. Some of his previous things on Peak Oil were pretty reasoned and well informed. But his new commentary is out there in tin foil hat territory. I believe he had stated at some point that the MC252 well was actually a relief well for a well that had already blown. And then I heard something about the well casing and BOP being blown 6 miles away (which there isn't enough force to do.)

Lots of loony conspiracies out there dealing with all of this. I do believe the technical information we're getting now is good, because Thad Allen finally put his foot on BP's throat. Kent Wells (the guy in charge of the major engineering on the "kill") is actually a pretty intelligent guy for being an oil-puke.

After watching hours and hours of ROV video, looking at various reports and information from actual geologists and engineers, and coming to my own scientifically based conclusions. It *WAS* bad.. it's currently *NOT AS BAD* but if they don't kill this well within the next week it will get *A WHOLE LOT WORSE*.

And here's why... You have a well that's been verified structurally intact and holding pressure at 6800 psi (and rising at 2 PSI per day) but you also have a leak on a metal on metal seal below the new 3 ram "cap" that they put on top of the damaged BOP. Now you wouldn't think that a tiny little pinhole leak is a big problem for equipment that has been pressure tested to 15,000 psi. But it's a "Pretty big deal" because that's not just oil and gas that's been coming up from 17k feet below the earth. That's also a ton of sand. Anyone who's done sand blasting can tell you it really doesn't take a lot of pressure gradient to do any damage.

Once you achieve a psi differential of 2,800 psi or so, that sand will begin to erode everything in its path. Right now the size of the leak is pretty non-story. But since this one (and another one BELOW the damaged BOP btw) have been discovered, they've gotten a lot more steady, and that's in just two days. That's scary, because if you look at the tropical forecast, they may well have to clear out here in the next week for a tropical storm. And if they can't stop the leak faster, they're just going to be left with a ticking time bomb while they move out rigs, ships, etc..

[Timkin]

How would you propose to quick fix this? I am just curious.

[RiversideLoki]

I don't think they can, per se. I'm just making some observations. I don't know squat about oil drilling. But I do know more than to get scared out of rational territory over some guy's theory. I do think they've been sitting in a "Well, we got it closed for now, lets see if that buys us some time" kinda mode.

From what I'm understanding, it would still take two days to bleed off the excess pressure to get the well to a point that they can do a static kill with 19 ppg mud.

So I guess we're just gonna have to wait and see what happens. I hope BP goes down in flames over this whole thing so we can actually see what "too big to fail" looks like.

[Timkin]

Nor do I have knowledge of Oil Wells but this does not seem to have a permanent solution.. short of piping this well to the surface and having one tanker after another there permanently , which cannot happen when there is a storm in the Gulf.

I still am of the opinion that this could have been prevented..  That said it does not rectify what presently is having to be dealt with.  I hope we do see an "END" to this blown out well sometime soon, rather than a gaping hole in the Ocean floor that there is no solution to repair.

[RiversideLoki]

The relief well (first one) is actually only about 4 feet away from the well casing. So they're pretty close to sealing it up. I just don't like the potential right now for mother nature to go and delay everything and no one be manning the barn when it blows out again from erosion in the current pinhole leaks.

[Timkin]

Absolutely agree.. I DO HOPE they can stop this thing entirely for good.  As it stands now if they fixed by this Friday, we will deal with the effects of this for decades (conservatively) if not longer.

[finehoe]

Regardless of the well technicalities, I think the key point is that we may have killed the Gulf of Mexico.  What's next?

[BridgeTroll]

Very premature on the "gulf is dead" talk.  Why not wait for the well to be plugged... cleanup of visible oil...  let the oceanographers do some research to discover the unseen damage.

Declaring it dead will only open up the gulf to more drilling...

[Cricket]

I agree. Plus Mother Nature has a way of fixing her things. Except she is never in a hurry. We just have to take care of those people affected in the meantime.

[Lunican]

With Sale of Assets, BP Bets on More Deep Wells

Despite the April 20 Deepwater Horizon disaster, BP has no plans to leave the Gulf of Mexico or stop drilling for oil in other deep ocean waters.

Just the opposite: with its runaway well apparently under control, the troubled oil giant is now staking its future more than ever on deepwater wells. Although such wells are far riskier than land-based or shallow-water ones, oil fields that are located under a mile or more of water can be extremely lucrative, and BP continues to see them as worth the risks.

http://www.nytimes.com/2010/07/21/business/21bp.html

[RiversideLoki]

The approaching tropic system that has been mentioned in earlier posts has now not only caught the attention of the folks at the Deepwater well, but has moved them to action. Because of the length of time that it takes to disconnect the systems and then move the vessels out of harms way, BP decided to insert a storm packer, or plug, into the relief well and has gone ahead and put it into place. (From Kent Wells briefing on Wednesday afternoon.)

This will allow them to disconnect the drilling platform from the well and to move it out from the site if necessary. Before the rig could set the packer it had to withdraw all the drill pipe from the well, though it would use some of it to set the packer, which was put into the well 300 ft below the seabed.

The sequence of events that Mr Wells had defined, and which appears to have won the approval of the review panel and Admiral Allen, was that the relief well would have to be cased before the static kill of the well was attempted. There is a concern that, with the relief well only about 4 ft from the original well, in a condition where the relief well has only rock walls without a liner, the risk of possible wall failure in the relief well was too great.

http://www.theoildrum.com/node/6766

BTW.. this place is amazing for real information.