A big 'what if': damage to the well below the mud line

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Many more months of oil spilling in the Gulf of Mexico might seem like a worst-case scenario, but it’s not. Months more of the well spilling at an even higher rate – say 100,000 barrels per day, and from a place that can’t be sealed – that’s more like a worst-case scenario. And it might […]
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Chron Energy Newslinks | 06.21.10 | Drilling ban bites deep, casting an eye toward better spill response.

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• Houston-based Helix wants to lead the charge on oil clean-up consortium. • Fears of the deepwater ban spread. • Drilling moratorium could hurt Texas real estate recovery. • Judge to hear arguments today to lift drilling ban. • BP spill boss Dudley no stranger to challenges. • Texans tried to pretend 1979 blowout and […]
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This week’s energy industry events

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Monday, June 21 American Association of Petroleum Geologists Field Seminar in Appalachia: Through June 25. “Fractures and Tectonics of the Northern Appalachian Basin.”  Course begins and ends in Watkins Glen, N.Y. The class combines lecture sessions with field trips to demonstrate faults and fractures in carbonates, black shale, and coarser clastics. Cost: $1,850. Details online. […]
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Gulf paymaster: People are in 'desperate' shape

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AP Kenneth Feinberg WASHINGTON — The man President Barack Obama picked to run the $20 billion Gulf oil spill damage fund said Monday many people are in “desperate financial straits” and need immediate relief. “Do not underestimate the emotionalism and the frustration and the anger of people in the Gulf uncertain of their financial future,” […]
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GDF Suez takes stake in Baltic pipeline

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June 21,2010 –GDF Suez has become the fifth participant in the Nord Stream consortium constructing the 1,224-km (760-mi) subsea pipeline taking gas from Russia through the Baltic Sea to western Europe…..
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Map of spill, June 21

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Spill, June 21
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Map of spill, June 20

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Spill, June 20
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Map of spill, June 19

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Spill, June 19
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Anadarko blames disaster on `BP’s recklessness’

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With the creation of the $20 billion liability fund this week, Anadarko Petroleum of The Woodlands had a couple of ways it could play things. As a 25 percent interest holder in the Macondo well, it could pitch in its share.

Or it could decide to fight and accuse BP of gross negligence, which is never an easy thing to prove. It appears, though, that it may be favoring the latter tactic.

In a statement issued this afternoon, Anadarko CEO Jim Hackett said:

The mounting evidence clearly demonstrates that this tragedy was preventable and the direct result of BP’s reckless decisions and actions. Frankly, we are shocked by the publicly available information that has been disclosed in recent investigations and during this week’s testimony that, among other things, indicates BP operated unsafely and failed to monitor and react to several critical warning signs during the drilling of the Macondo well. BP’s behavior and actions likely represent gross negligence or willful misconduct and thus affect the obligations of the parties under the operating agreement.

BP’s Tony Hayward may be unable to draw conclusions of what went wrong, but apparently Hackett, like other oil industry CEOs, can. 

Hackett also drew a line between BP’s decision making and others in the industry that are committed to safe operations. Anadarko, he said, will donate any revenue it receives from oil recovered in the clean up to charities on the Gulf Coast.

Anadarko’s shares have been battered since the accident on April 20 and Moody’s today cut its debt rating to junk status.

Keep an eye on the courthouse, folks. This could get real interesting.

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Senators introduce bill to allow foreign ships in Gulf for spill cleanup

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Senators from states along the Gulf of Mexico introduced legislation today that would temporarily allow foreign ships to enter the Gulf to aid in the oil spill cleanup effort. Sen. Kay Bailey Hutchison, R-Texas, Sen. John Cornyn, R-Texas, and Sen. George LeMieux, R-Fla., are sponsoring the WAIVER (Water Assistance from International Vessels for Emergency Response) […]
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