You are in the current Gulf Watchers BP Catastrophe - AUV #477. ROV #476 is here.
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|Since the Deepwater Horizon accident, BP has sought to divest itself of U.S. holdings and geographically move to the East.
BP pays out 7.2 billion for a 30 percent share of Reliance Industries. In a press release, BP announced it will pay $7.2 billion for a 30% stake in 23 oil and gas properties in India operated by Reliance Industries, the firm controlled by India’s richest man Mukesh Ambani. The deal also includes plans for a 50/50 joint venture to source and market gas across India.
Developing economies,aka countries with fewer regulations and less concern for safety and the environment.
In recent years, India, which imports most of its oil, has opened vast swathes of its territory to oil and natural gas development. Reliance, which is led by India’s richest man, Mukesh Ambani, has become India’s largest producer of natural gas because of a rich offshore field in the Bay of Bengal near the state of Andhra Pradesh.
BP has already partnered with Reliance, India's largest privately owned company, on one offshore well. The deal has to be approved by Indian regulators but India imports most of its oil and has increased energy needs as it's economy grew 9 percent last year. Dudley visited India and spent time with India's Prime Minister and other government officials last October. Just saying.
Who would have guessed. Dudley must have seen The Graduate in 1967
BP's investments in China will make it the world's largest producer of PTA, the raw material for making plastic.
BP said it would invest in "debottlenecking" one of two plants producing purified terephthalic acid (PTA), the raw material used to make products such as plastic bottles and synthetic fleece, at the BP Zhuhai Chemical Company site in China's Guangdong province.
Libyan unrest forces BP to suspend operations there. There is actually some kind of poetic justice to this, considering the scandal caused by the release of the Libyan bomber from a Scottish jail in order for BP to make a lucrative deal with Qaddafi. Already delayed in beginning the exploration process, BP has now suspended operations and evacuated all non-Libyan employees.
The British company said 40 expat staff and their families, mostly based in the capital, Tripoli, are being evacuated as it temporarily shuts down work on preparations to drill in the Libyan desert.
But don't cry for BP; they will do just fine.
Oil prices also rocketed to two-year highs today due to the ongoing turmoil in Libya – a key global oil producing region.
|You would think, with all those billions they are throwing around all over the world, that BP could afford to be just a little generous to the people whose lives they have ruined. But no...
Three workers who helped BP in its oil spill cleanup efforts after last year's disaster accuse the oil giant in a federal lawsuit of denying them overtime pay and other benefits.
Transocean is seeking to limit its liability in the Deepwater Horizon accident through a 160 year old law. Lawyers for the victims, however, argue that they must share the blame.
Transocean, which owned the rig that exploded and sank off Louisiana in April, is seeking to limit its liability exposure to $27 million under a 160-year-old law that restricts maritime damages unless the vessel owner is found partially responsible for the disaster. The explosion killed 11 workers and set off the largest offshore oil spill in U.S. history.
Stephen Herman and James Roy, spokespersons for the consolidated lawsuits, claim Transocean "acquiesced to a host of reckless decisions"and “BP and Transocean focused primarily on profit while disregarding public and environmental health and safety” in how they chose to drill the well. Transocean was also responsible for the failed blow out preventer.
Transocean ordered an independent engineering assessment of the Deepwater Horizon’s blowout preventer in 2005, after maintenance logs showed the mechanism gave “unusual pressure readings and flashed inexplicable alarm signals” while leaking fluid, the complaint said.
Halliburton's incompetency was well known to BP before the Macando blowout, and yet they failed to adequately supervise the Halliburton engineer in charge of cementing on the Deepwater Horizon. This from the final report of the National Oil Spill Commission.
In a summary of the final report by its chief counsel, the panel commissioned by President Barack Obama said "BP was aware of problems with Halliburton personnel and work product" as far back as 2007. Halliburton was the cement contractor on the well, which exploded on April 20, killing 11 workers and causing the worst spill in U.S. history.
The Gulf Restoration Network is asking for our help. The current spending (not) bill in Congress would cut EPA funds and greatly effect how the Gulf recovers from this disaster.
We urgently need your help to stop Congress from slashing environmental protection programs. This week, the House of Representatives will be voting on a bill that would drastically cut funding for clean water and clean air programs, national parks and clean energy programs. This budget bill--known as the "continuing resolution"—will jeopardize wetlands, wildlife, and the health of Gulf residents.
If you missed Yasuragi's Sunday AUV here , it is a MUST READ! She has included links to primary sources and covers their content splendidly: Coast Guard logs that describe the events on April 20th and more accurately estimate the amount of spewing oil and the full Oil Spill Commission Report, including links to great video explaining all that technical language so important to the understanding what happened in the Macando blowout.
PLEASE visit Pam LaPier's diary to find out how you can help the Gulf now and in the future. We don't have to be idle! And thanks to Crashing Vor and Pam LaPier for working on this!
Previous Gulf Watcher diaries:
|2-20-11 12:00 PM||Gulf Watchers Sunday - Feinberg Can't Catch a Break - BP Catastrophe AUV #476||Yasuragi|
|2-18-11 06:36 PM||Gulf Watchers Block Party - Our First on DK4: Whine and Roses||ursoklevar|
|2-18-11 08:18 AM||Gulf Watchers Friday - Still Waiting to Get Paid - BP Catastrophe AUV #475||Lorinda Pike|
|2-16-11 06:01 AM||Gulf Watchers Wed. - BP Exec Resigned Over Safety Months Before Blowout - BP Catastrophe AUV #474||peraspera|
Previous motherships and ROV's from this extensive live blog effort may be found here.
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