httpv://www.youtube.com/watch?v=a7cGg6Hfj8w
May 30th, 2010:
BP’s Top Kill Effort Fails to Plug Leak
BP Prepares to Take New Tack on Leak After Top Kill Fails
THE NEW YORK TIMES
Win Mcnamee/Getty Images: Crews worked Saturday on the failed top kill effort to stanch the leaking oil well in the Gulf of Mexico. BP will try another strategy.By LESLIE KAUFMAN and CLIFFORD KRAUSS
A version of this article appeared in print on Sunday May 30, 2010, on page A1 of the New York edition.
NEW ORLEANS In another serious setback in the effort to stem the flow of oil gushing from a well a mile beneath the Gulf of Mexico, BP engineers said Saturday that the top kill technique had failed and, after consultation with government officials, they had decided to move on to another strategy.
Doug Suttles, BPs chief operating officer for exploration and production, said at a news conference that the engineers would try once again to solve the problem with a containment cap and that it could take four to seven days for the device to be in place.
BP share price fear over latest setback
The Sunday Telegraph
BP’s share price is likely to take another battering this week as the company last night admitted it was failing in its latest attempts to stop the Gulf of Mexico oil leak.
By Angela Monaghan Sunday 30 MAY 2010
Since the explosion of the Deepwater Horizon oil rig on April 20, BP shares have lost a quarter of their value, however with the latest failure of efforts to stem the flow of oil the stock is likely to continue its fall when the London market opens on Tuesday.
Speaking last night at a news conference in Louisiana, Doug Suttles, BP’s chief operating officer, said a “top kill” operation to stop the leak was having no effect. “I don’t think the amount of oil coming out has changed,” said Mr Suttles.