BP says oil spill cost up to $8bn

One day after removing the cap from the ruptured oil well in the Gulf of Mexico, BP announced on Friday that the cost of the environmental disaster had topped the $8 billion mark.The disaster, which dates back to the sinking of the Deepwater Horizon oil rig in late April, resulted in nearly five million barrels of crude leaking into the water until it was successfully capped on July 15. Furthermore, despite halting the flow of petroleum, the British-based company estimates it is currently spending approximately $90 billion per day, and that the cost of the catastrophe will ultimately top the $32 billion mark.The current response cost includes "the cost of the spill response, containment, relief well drilling, static kill and cementing, grants to the Gulf states, claims paid and federal costs," BP said in a statement on Friday, while reiterating that they had committed a $20 billion compensation fund for those affected by what experts have called the worst environmental disaster in U.S. history.On Th

BP says oil spill cost up to $8bn

BP says the cost of its Gulf of Mexico oil spill has risen to $8bn - a rise of more than $2bn in the last month alone.

Fri 3 Sep 10 from BBC News

BP removes cap from plugged well in Gulf of Mexico

BP on Thursday removed a massive cap which had stemmed the flow of oil from its ruptured well deep in the Gulf of Mexico in a key step toward killing the well once and for all, officials said.

Thu 2 Sep 10 from PhysOrg

Oil Well Cap Removed; BP Confirms $8 Billion Clean-Up

One day after removing the cap from the ruptured oil well in the Gulf of Mexico, BP announced on Friday that the cost of the environmental disaster had topped the $8 billion mark.The disaster, ...

Fri 3 Sep 10 from RedOrbit

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