Domestic oil and natural gas producers are behind the best annual start in at least a decade for Canadian energy deals as companies such as Canadian Natural Resources Ltd. fill a void left by state-owned firms.
BP Plc expects tonight to sink the edges of a 40-foot-tall steel chamber into the mud 5,000 feet (1,524 meters) under the surface of the Gulf of Mexico to capture most of the oil that’s leaking from its Macondo well.
BP Plc hopes today to stop one of three leaks from its Gulf of Mexico well that has been spurting oil since an offshore rig burned and sank April 22, Doug Suttles, chief operating officer of exploration and production, said.
BP Plc said it may attempt to plug an oil leak 5,000 feet (1,524 meters) below the surface of the Gulf of Mexico next week by stuffing it with drilling mud, a procedure that has never been tried that deep.
BP Plc is lowering and placing on the seafloor a 40-foot-tall steel chamber that represents its best hope of stopping its Macondo well from spewing oil into the Gulf of Mexico until the flow can be fully stanched.