October 18, 2012
Air bubbles released from a pipe on the seabed will be used to form a buffer curtain to protect the marine park from noise pollution during the salvage.
A giant yellow drill shatters into the rocky seabed next to the rusting Costa Concordia wreck as workers battle to pull off the biggest salvage operation of its kind in history.
Cranes tower over the luxury liner, which lies covered in seaweed where it capsized on Giglio island in January. A gaping hole where the swimming pool used to be reveals the ghostly depths of the ship's nine-story central atrium.
The disaster, which killed 32 people, left salvage teams facing the unprecedented challenge of removing a ship with a gross tonnage of 114,500 GT without spilling its rotting contents into the sea.
October 14, 2012
(Reuters) - Iran's Revolutionary Guards chief has drafted a plan to cause an environmental disaster in the Strait of Hormuz to block seaborne oil exports with the goal of removing economic sanctions imposed on Tehran, the weekly Der Spiegel said in an unsourced report.
There was no independent confirmation of the report.
The German newsmagazine reported that Mohammad Ali Jafari's plan, codenamed "Muddy Water", envisages the Iranians steering a tanker onto the rocks in the Strait, the world's most important oil shipping waterway.
October 11, 2012
The oil in a slick detected in the Gulf of Mexico last month matched oil from the Deepwater Horizon spill two years ago, the Coast Guard said Wednesday night, ending one mystery and creating another.
“The exact source of the oil is unclear at this time but could be residual oil associated with the wreckage or debris left on the seabed from the Deepwater Horizon incident,” the Coast Guard said.
October 15, 2012
The U.S. Coast Guard announced Friday night that it approved a joint plan from BP and Transocean to identify the source of a sheen in the Gulf of Mexico that testing has indicated was from oil that originated from BP's failed Macondo 252 well. The plan includes satellite observations and mobilizing remotely operated vehicles to examine the original Macondo well area, including the wreckage, debris and the riser piping that now lies on the sea floor, the Coast Guard news release said.
October 11, 2012
Shares of Marathon Petroleum (MPC) climbed more than 7% to an all-time high of $59.74 on Monday after the petroleum refiner said it inked a deal to buy BP’s (BP) 451,000 barrel per day Texas City refinery.
The purchase will run Marathon up to $2.5 billion, including a base price of $598 million plus inventories estimated at $1.2 billion. The company may also be responsible for another $700 million over six years, subject to certain conditions.
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