Sept. 20 (Bloomberg) -- U.S. officials said BP Plc killed its Macondo well in the Gulf of Mexico after creating another cement seal, plugging the source of the largest offshore oil spill in U.S. history. "The Macondo 252 well is effectively dead," said National Incident Commander Thad Allen in a statement yesterday. BP completed its last pressure test on the plugs at 5:54 a.m. local time before declaring the well sealed, according to the statement. Susan Li reports on Bloomberg Television's "First Up."
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Monday, September 20, 2010
Wednesday, September 15, 2010
BP CEO Hayward Faces Spill Questions
BP's Hayward Faces Spill Questions
Departing BP CEO Tony Hayward prepared to face UK MPs Wednesday to answer question on the Mexico oil spill. Rupert Nathan from Fat Prophets told CNBC that it will be a fact-finding exercise.
Departing BP CEO Tony Hayward prepared to face UK MPs Wednesday to answer question on the Mexico oil spill. Rupert Nathan from Fat Prophets told CNBC that it will be a fact-finding exercise.
Tuesday, September 14, 2010
Take Profit on Oil
The $5 dollar move up in oil prices presents a good opportunity to make some profits, says John Licata, chief commodity strategist at Blue Phoenix. He talks commodities, with CNBC's Martin Soong & Sri Jegarajah.
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