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BP claims it has capped its 3 month old leaking well! Should we belive it?

Created by : Padmaja Baskar, Product Development Manager, ONGC  | 07 16 2010 13:30:18 +0000
Industry : Radio, TV & FilmsFunctional Area : Europe(Markets)
Keywords : usa oil spill bp
Activity:  280 views;  last activity : 08 10 2010 20:56:42 +0000

BP Plc said on Thursday it stopped the flow of oil into the Gulf of Mexico from its deep-sea well for the first time since it ruptured in April, prompting hope that the leak can be plugged for good. BP conducted a test in which it closed valves and vents on a tight-sealing containment cap installed atop its well earlier this week. BP said results early in the test showed the cap had completely contained the flow of oil.

President Barack Obama, who has seen his US public approval ratings drop as the crisis dragged on, called it a "positive sign" but noted that the latest effort was still in the testing phase. BP's huge oil spill has caused an economic and environmental disaster along the US Gulf Coast. The British energy giant's US shares initially jumped 10% on the news and posted strong gains for the day.

so users, do you think we should belive it?

  
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I think we can believe it. It gave $ 12 billion compensation and an adverse publicity in business environment is what Obama ensured ....making BP work ! Their shares are steady the market looks good so they must have done the job.
By Padmaja Baskar, Product Development Manager, ONGC  07 16 2010 13:30:18 +0000
 
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The live video feed seems to confirm that their efforts have been successful.  Lets hope that stays the case till the relief well reaches the location and provides a permanent solution.
By Rajan Kapoor, Corporate Planning/Strategy Manager, Hindustan Petroleum Corporation Limited  | 07 19 2010 08:01:38 +0000
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yes we must believe it. But how safe it is, nobody knows. how they did it and how far effect are the control measures they took. they must record all these and review to prevent reoccurrence
By VINODH VIJAYAMANI, HSE ADVISOR, SAMA CONTRACTING  | 07 17 2010 17:26:37 +0000
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Yes it can be believed, and there is no second thought.

Thanks Ms.Padmaja
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 07 17 2010 16:48:59 +0000
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The ill-fate of Gulf spill puts the technologically developed nations' operation under question mark?.Whatsoever, the money & energy lose due to this spill, the environmental damage it made is quiet a bit irrecoverable. Particularly, when the whole world is concerned with environment & global warming. It is a fool-hardy system, both the giants failed to maintain an emergency plan, particularly, when operating off-shore.Just imagine, what will be the scenario when this kind of catastrophy occurs in underdeveloped nations / developing off-shore projects. We can say that it's share is up or the market is steady but one can not loose sight of reality.
By KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed  | 08 10 2010 20:56:42 +0000
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I dont like the way the BP is doing.The US govt shld take enough action againt violation.
By Soma Gupta, Product Development Manager, Reliance Petroleum  | 07 16 2010 13:37:32 +0000
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