Space Industry and Business News  
ENERGY TECH
Bacteria ate Gulf oil spill methane in 4 months

Bolivia offers perks to oil prospectors
La Paz, Bolivia (UPI) Jan 6, 2011 - Bolivia is offering new perks to oil prospecting firms to speed the momentum of operations aimed at finding substantial hydrocarbon reserves. Companies that invest and succeed in finding commercially viable oil or natural gas deposits will have their cash reimbursed. Companies that fail to find oil won't enjoy the same privilege, however. Bolivian President Evo Morales offered the incentive amid growing interest in Bolivian energy prospects, not least because of the oil barrel price nudging close to $100 in the international market.

Despite speculative "talked-up" oil quests continuing elsewhere, including the Falkland Islands in the South Atlantic, Bolivia has drawn major players to its oil sector -- but not as much investment as the government hoped. The latest offer contrasted with an earlier, somewhat intemperate threat to take over the foreign oil companies' assets, which did little to reinforce investor confidence in Bolivia. The incentive offer represented a step back by Morales, although the government presented it as a brand-new idea that no self-respecting oil investor could afford to ignore.

Analysts say Bolivia is awash in oil and gas and has a major export potential. Estimated oil reserves topped 441 million barrels by the latest estimates and are rated the fifth largest in South America. The natural gas reserves total 27.6 trillion cubic feet, ranking Bolivia behind Venezuela in terms of proven natural gas reserves in South America. The government argues better exploitation of hydrocarbon resources would help propel impoverished Bolivia into the 21st century but it faces criticism on issues of good governance and transparency that critics say undermine progress. State-owned energy company Yacimientos Petroliferos Fiscales Bolivianos said its offer had received positive response from companies operating in the country, including Spain's Repsol-YPF, a partner with YPFB in a state-controlled joint venture; Argentina's Pluspetrol; Brazil's Petrobras; French oil major Total; and British Gas.

YPFB President Carlos Villegas said that under the proposal: "The private company will cover the cost of exploration if the results are negative, all the losses will be assumed by the company and YPFB will have no obligations. "If the results are positive, YPFB pledges through a mixed corporation to return 100 percent of the investment made in the exploration phase." YPFB is also considering increasing the amount that companies receive per barrel, currently $10 even as international oil prices fetch more than nine times that much. Renewed moves to attract private investment followed violent protests in December after the government withdrew fuel subsidies. The government restored the subsidies after the riots.
by Staff Writers
Washington (AFP) Jan 6, 2011
The huge quantity of methane released in the Gulf of Mexico last year during the worst oil spill in US history was ingested by bacteria in four months, according to a scientific study published Thursday.

Methane made up 20 percent of the huge plume of crude oil that escaped from a broken pipeline nearly one mile (1,600 meters) below the Gulf surface, after the BP-operated Deepwater Horizon platform exploded on April 20, killing 11 workers.

The leak, the worst oil spill in US history, was finally plugged on July 15, after spewing millions of gallons of crude into the Gulf.

"The methane was completely consumed by early September... it happened very quickly and it was a surprise to us," University of California Santa Barbara geochemistry professor David Valentine told AFP.

Valentine, one of the lead authors of the study in Thursday's edition of the journal Science, said the rapid "digestion" of the methane by bacteria showed the vital role microorganisms likely play in preventing greenhouse gases at the bottom of the ocean from entering the earth's atmosphere and contributing to global warming.

"They do serve an important function, and as we see here under certain conditions these bacteria can be very effective at preventing the methane from reaching the atmosphere," he added.

Valentine said research he published in September-October showed that other species of bacteria also consumed the ethane and propane released by the blast.

Bacteria also consumed some of the crude oil that was spilled in the Gulf, but researchers have yet to determine the quantities, he said, adding that chemical dispersants facilitated its absorption by the microorganisms.

In contrast to crude oil, methane and other gases naturally dissolve in ocean water before they are ingested by bacteria.

earlier related report
US oil spill probe blames bad management
Washington (AFP) Jan 6, 2011 - A US panel skewered British giant BP as well as Halliburton and Transocean, saying management failures were to blame for the Gulf oil spill, and warned without reform such a disaster could happen again.

Releasing a key chapter of its final report, the panel Wednesday also took aim at US government officials, sharply criticizing them for lax oversight of both the operation in the Gulf of Mexico and the industry.

The root causes of the blowout were "systemic and, absent significant reform in both industry practices and government policies, might well recur," the report said.

Despite the "inherent risks" of deepwater drilling, "the accident of April 20 was avoidable," it said, listing nine key decisions which were made to save time or money even though a safer alternative was available.

The explosion on the Deepwater Horizon rig off the Louisiana coast "resulted from clear mistakes made in the first instance by BP, Halliburton, and Transocean, and by government officials who, relying too much on industry's assertions of the safety of their operations, failed to create and apply a program of regulatory oversight that would have properly minimized the risks of deepwater drilling."

BP welcomed the assessment, which analysts said would likely see the British company paying less compensation costs than expected -- it is selling 30 billion dollars worth of assets to cover its part of the bill.

The company's shares rallied on Thursday after the panel said the British energy company was not solely to blame for the fatal Gulf of Mexico spill.

"Sharing the blame is helping BP shares to recover. When the disaster struck the only company blamed was BP, now it appears that others are responsible too," said Tamas Varga, an analyst at brokers PVM Oil Associates.

The presidential commission's assessment was part of its final report, to be released next week, on the deadly April blowout of BP's Macondo well.

Eleven workers were killed on the exploratory platform, which then sank, leaving the damaged drill to spew some 4.9 million barrels of oil into the Gulf over three months.

The blowout "was the product of several individual missteps and oversights by BP, Halliburton and Transocean, which government regulators lacked the authority, the necessary resources and the technical expertise to prevent," the report said.

Transocean owned the BP-leased Deepwater Horizon platform. And in October, Halliburton admitted skipping a key cement test before the blowout, but blamed BP for not testing the integrity of the job.

"Whether purposeful or not, many of the decisions that BP, Halliburton and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time (and money)."

Saying it supported the presidential commission's probe into the incident, BP stressed that preliminary findings concluded that "the accident was the result of multiple causes, involving multiple companies."

The beleaguered firm said it was working with regulators and the industry "to ensure that the lessons learned from Macondo lead to improvements in operations and contractor services in deepwater drilling."

The findings "only compound our sense of tragedy because we know now that the blowout of the Macondo well was avoidable," said former Florida senator Bob Graham, the commission's co-chair.

"This disaster likely would not have happened had the companies involved been guided by an unrelenting commitment to safety first. And it likely would not have happened if the responsible governmental regulators had the capacity and will to demand world class safety standards."

According to the report, the Macondo well blew out when a series of "separate risk factors, oversights and outright mistakes combined to overwhelm the safeguards" designed to prevent such an event.

"But most of the mistakes and oversights at Macondo can be traced back to a single overarching failure -- a failure of management," it added.

"Better management by BP, Halliburton and Transocean would almost certainly have prevented the blowout."

The seven-member panel was set up by US President Barack Obama and tasked with finding out what caused the accident, which sullied miles (kilometers) of coastline along the five Gulf states stretching from Texas to Florida.

The Gulf region's key fishing and tourism industries took a severe hit, and rare wildlife and plants were damaged and destroyed.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Powering The World in the 21st Century at Energy-Daily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY TECH
US oil spill probe blames bad management
Washington (AFP) Jan 6, 2011
A US panel skewered British giant BP as well as Halliburton and Transocean, saying management failures were to blame for the Gulf oil spill, and warned without reform such a disaster could happen again. Releasing a key chapter of its final report, the panel Wednesday also took aim at US government officials, sharply criticizing them for lax oversight of both the operation in the Gulf of Mexi ... read more







ENERGY TECH
Microsoft sold 8 mln Kinects in first two months

Yahoo! adding interaction to Connected TV

Motorola unveils tablet computer, the Xoom

Team Develops Functionally Graded Shape Memory Polymers

ENERGY TECH
IBCS Completes Warfighter-Centered Design Exercises

Arianespace Will Orbit Sicral 2 Milcomms Satellites

Codan Receives JITC Certification For 2110 HF Manpack

Northrop Grumman Bids for Marine Corps Common Aviation CnC

ENERGY TECH
Arianespace says it plans 12 launches in 2011

ILS and Satmex Announce The ILS Proton Launch Of Satmex 8

Ariane 5's Sixth Launch Of 2010

Europe launcher puts Spanish, S.Korean satellites into orbit

ENERGY TECH
Privacy Push Will Impact Geolocation Sector

President Medvedev Sacks Space Officials Over Satellite Loss

Galileo Pathfinder GIOVE-A Achieves Five Years In Orbit

Launch Of New Russian Navigation Satellite Postponed To Next Year

ENERGY TECH
China completes prototype of stealth fighter: reports

France 'confident' of winning Brazil plane contract

Clariant resumes aircraft de-icer output after winter halt

Cathay makes pay offer to pilots: report

ENERGY TECH
Greenpeace ranks 'greenest' electronics

Better Control Of Building Blocks For Quantum Computer

S.Korea's Hynix says chip price slump will hit Q4 profit

Iridium Memories

ENERGY TECH
Sat-nav turtles go on trans-ocean trek

Cyclone Tasha Adds To Severe Flooding Over Eastern Australia

Tidal Flats And Channels, Long Island, Bahamas

GOES Look Back At 2010

ENERGY TECH
British local authorities rubbished over trash backlog

Britain's rubbish: cold and holidays pile up trash

Ombudsman probes 'outdated' Hong Kong air pollution rules

'250 billion' plastic fragments in Mediterranean


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement