While it won't be the final word on the matter, the internal report from BP (NYSE:BP) which investigated the causes which led up to the explosion on the Deepwater Horizon oil rig, will be released Wednesday morning, and should give a preliminary look at what went wrong.
One major piece of the puzzle missing from the report is the blowout preventer, which is considered the key piece of evidence in what went wrong that day.
The failed blowout preventer was raised from the Gulf bottom during the weekend and FBI agents were on board the BP vessel 'Helix Q4000' to take charge of it.
There has been some concern from other companies with potential liability in the oil well, like Anadarko (NYSE:APC) and Cameron International (NYSE:CAM) on how the blowout preventer will be examined.
The Department of Justice, which now has control of the preventer, hasn't communicated how it's going to proceed with the investigation at this time.
Showing posts with label Helix Q4000. Show all posts
Showing posts with label Helix Q4000. Show all posts
Tuesday, September 7, 2010
Monday, June 28, 2010
How BP (NYSE:BP) Would Respond to Storm
The first named tropical storm, Tropical Storm Alex, could disrupt the cleanup efforts of BP (NYSE:BP) in the Gulf of Mexico if it starts to move in that direction.
It isn't clear that the storm will hit the spill area, but if it did, it could arrive in the Gulf of Mexico in the early part of the week. Preparations are being made for that scenario if it happens.
For the Discoverer Enterprise, the first system put in place to capture oil, they would have to be disconnected about 114 hours before the heavy winds hit, while the smaller Helix Q4000 vessel would be removed 56 hours before the storm came.
The most negative aspect of the storm if it does gravitate towards the spill would be the delaying of the arrival of Helix Producer, a vessel which would be able to withstand much harsher weather conditions.
Once the additional vessel is in place and a third system operating, an estimated 53,000 barrels of oil could be captured on a daily basis, which, depending on the actual amount of oil flowing into the Gulf, could capture the bulk of it.
It isn't clear that the storm will hit the spill area, but if it did, it could arrive in the Gulf of Mexico in the early part of the week. Preparations are being made for that scenario if it happens.
For the Discoverer Enterprise, the first system put in place to capture oil, they would have to be disconnected about 114 hours before the heavy winds hit, while the smaller Helix Q4000 vessel would be removed 56 hours before the storm came.
The most negative aspect of the storm if it does gravitate towards the spill would be the delaying of the arrival of Helix Producer, a vessel which would be able to withstand much harsher weather conditions.
Once the additional vessel is in place and a third system operating, an estimated 53,000 barrels of oil could be captured on a daily basis, which, depending on the actual amount of oil flowing into the Gulf, could capture the bulk of it.
Tuesday, June 22, 2010
BP (NYSE:BP) Captures Record 25,830 Barrels of Oil
The combination of two oil-capture systems resulted in a record capture of oil for BP (NYSE:BP), either collecting or burning 25,830 barrels of oil on Monday.
One system brings the oil to a vessel which resells the oil, the other ends on a ship which flares or burns the oil off.
Total estimated daily capacity for the two systems is 28,000 barrels a day, which they're close to reaching, as revealed by the numbers.
Helix Q4000, the second system to be installed, has no capability to process or store oil, the reason it burn the oil and gas it collects. This system is already running on full capacity, while the first system, which collected 15,560 barrels on Monday, is approaching capacity.
Estimates of up to 60,000 barrels a oil day may be entering the Gulf of Mexico.
One system brings the oil to a vessel which resells the oil, the other ends on a ship which flares or burns the oil off.
Total estimated daily capacity for the two systems is 28,000 barrels a day, which they're close to reaching, as revealed by the numbers.
Helix Q4000, the second system to be installed, has no capability to process or store oil, the reason it burn the oil and gas it collects. This system is already running on full capacity, while the first system, which collected 15,560 barrels on Monday, is approaching capacity.
Estimates of up to 60,000 barrels a oil day may be entering the Gulf of Mexico.
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