This week’s grounding of a rig off the coast of Alaska adds to a series of mishaps in Royal Dutch Shell Plc’s seven-year quest to tap the vast oil reserves of the Arctic and emboldened critics who say it can’t be done safely.
Royal Dutch Shell Plc has spent seven years and $4.5 billion, and fought off at least 50 lawsuits, for a chance to tap what is thought to be the biggest source of oil in the U.S. outside of the Gulf of Mexico.
BP Plc added golf balls and rubber scraps to the mud it was pumping into its leaking Gulf of Mexico oil well in an effort to stop the spill that Chief Executive Officer Tony Hayward called an “environmental catastrophe.”
BP Plc ’s use of a tight-fitting cap to shut off oil flowing from its Gulf of Mexico Macondo well may be the solution the company has sought since the undersea gusher was triggered by an explosion three months ago.
BP Plc will use undersea robots to begin cutting damaged pipe from its leaking oil well off Louisiana within the next several days, risking temporarily increasing the flow as it seeks to end the largest oil spill in U.S. history.
BP Plc added rubber golf balls and scraps to the mud it was pumping into its leaking Gulf of Mexico oil well in an effort to stop the spill, which Chief Executive Officer Tony Hayward called an “environmental catastrophe.”