Chinese pipeline bursts in Yellow Sea
Submitted by admin on July 31, 2010 – 6:45 PMNo Comment
- BP has approached several sovereign wealth funds for cash to fend off takeover bids while it deals with the Gulf Spill.
- Chevron’s second-quarter earnings tripled due to higher oil and natural gas prices and better refining margins.
- Sierra Club and Hoosier Environmental Council oppose Purdue University’s plans for a new coal-fired power unit.
- John Wright, 56 years old, BP’s lead engineer behind the relief well in the Gulf has a 3-1/2 inch margin of error to stop the torrent of oil.
- ExxonMobil, Chevron, Shell and ConocoPhillips pledged $1B to deploy a rapid response system to capture and contain oil during a future underwater well blowout.
- Due to a government moratorium, oil producers are implementing new drilling standards and resuming operations in the Gulf.
- Increased oil prices and predicted higher prices may push up inflation in the six-nation Gulf Cooperation Council including Kuwait, Bahrain, Saudi Arabia, Qatar, United Arab Emirates and Oman.
- New Mexico Gas retrofitting natural-gas meters to read them remotely with laptop computers in vehicles that read and record gas usage.
- Tropical storm leaves debris in relief well that will be used to plug the Gulf Spill leak for good; work set back 1-day.
- BP will attempt a “static kill” operation, pump mud and cement into the well, next Tuesday to plug the blown-out Gulf deep-sea well; the relief well is set to pump from underneath the well to seal it permanently.
- Two pipelines exploded into the Yellow Sea of China on July 16th, Chinese authorities have declared the oil spill contained.
- BP’s oil spill spurs controversy over BP’s $500M funding of the University of California, Berkeley’s Energy Biosciences Institute.
- Farmington, NM business leaders review issues with proposed emissions caps for power plants and oil and natural gas operations.
