BP pledges money to fund study, cuts oil capture estimates

BP has pledged $500 million to study the impact that its massive oil spill is having on the Gulf of Mexico. The oil company says the money will go toward funding a 10-year research effort aimed at looking into the long-term effects the spill is having on the Gulf.

A BP spokesman said Monday that the amount of oil it is diverting from the Gulf of Mexico floor has declined to 1,120 barrels a day.

Top U.S. officials are assessing the company's response to the spill. BP is under fire for not being able to stop the spill and its inability to estimate how much oil it is siphoning from its ruptured well.

From Reuters:

BP said on Monday the oil collected by the mile-long siphon tube was at times as low as 1,360 barrels of oil per day in the six days to May 23 with the tube capturing an average 2,010 barrels per day in the time period. The average figure is less than half the 5,000 barrels per day the company estimates is leaking into the sea and comes after it said it was managing to siphon off around 5,000 barrels per day a few days ago. Some experts have given significantly higher estimates for the size of the leak. BP said the spill which has seen oil flowing into the sea for more than a month after a rig explosion in April had cost it $760 million so far, up from the $625 million estimate it reported on May 18.

The U.S. government has repeatedly threatened to take over clean-up and response efforts.

Follow our coverage of the spill here.

About the author

Daryl Paranada is the associate web producer for Marketplace overseeing all daily website content and production, as well as producing multimedia features -- including the popular economic explainer series Whiteboard -- and special projects. Follow him on Twitter @darylparanada.
Log in to post1 Comment

<html><br><head><br><meta http-equiv="Content-Type" content="text/html; charset=gb2312"><br><title>Powerful integrated amp </title><br></head><br><br><body><br><p><br>Potent integrated av receiver <br></p><br><br> <p> BRITAINS' many conventional regarding highend sound recording company Naim lately proclaimed its most up-to-date inclusion - a Supernait incorporated guitar amp -- Naim's strongest as well as improved incorporated av receiver.</p> <!-- google_ad_section_end (name=s1) --> <!-- // no sitetune --> <!-- google_ad_section_start (name=s2 weight=.3) --> <p> Your Supernait is designed with a front-panel earphone plug for those who treasure the casual holiday into a whole world of individual mp3 nirvana by way of a pair of high quality headset. Additionally there is a sub productivity.</p> <p> The particular Supernait has up to Eleven advices, of which half a dozen tend to be intended for analogue methods and also all 5 to get electronic packages such as Laptop or computer,<a href="http://www.louisen.com/">louis vuitton replica handbags exact handbags</a>, some sort of tunes hosting server plus Mp3 format. This fundamentally means that a Supernait is equipped with a new builtin DAC (electric to help analogue ripper tools).</p> <p> This selection of high-performance digital camera advices (optical, coaxial and also mini-optical) will permit indication on the 100 % pure electric sound recording river for any very much increased digital camera mp3 overall performance. Sampling rates of your DAC is actually changing involving Thirty-two kilohertz to help 96khz.</p> <p> Being an firm, a Supernait which consists of 400A torroidal transformer will be positioned to supply any conventional yet highly effective 80-watt- per-channel information a new reasonable 8 ohms insert. Electricity transport performance is actually upgradeable having a Naim Flatcap, Hi-Cap or even Supercap considering that the electrical power guitar amp portion of the Supernait is basically similar to the one in this NAP200 power firm.</p> <p> This Supernait also provides a new separable pre/power sections, and will work often as being a different pre-amp or perhaps power amp.</p> <p> Your Supernait methods a considerable 431 millimetres by means of 311mm through 86mm and is also stylishly concluded in Naim's normal dark colored using environmentally friendly legends.</p> <p> A Supernait as well as other Naim products could be auditioned at KLIAV Indicate '07.</p> <p> Pertaining to points,<a href="http://www.louisen.com/louis-vuitton-monogram-canvas-totally-mm-m56689-p... vuitton mm totally</a>, speak to CMY Sound recording along with Image Sdn Bhd in Tel: 03- 21439406.</p> <br><br><br><br></body><br></html><br><br><br>Related Article:

<li><a href="http://boligven.dk/blog.php?user=2530&blogentry_id=28408" target="_blank">louis vuitton backpack Chinese consumers altering</a></li>

<li><a href="http://www.ciksturk.com/pg/blog/read/88224/giving-importance-to-resume-w... target="_blank">Giving importance to resume writing_3388-spun4</a></li>


With Generous Support From...