Jul 16 BP Continues to Monitor Cap; Encouraged by Early Results By Tom LeGro Updated 5:33 p.m. ET The results of pressure tests on the shut-in oil well have not been ideal over the past 24 hours, Coast Guard Admiral Thad Allen said Friday afternoon -- but the well will remain closed… Continue reading
Jul 15 BP Holding Back Oil, for Now; Ticker Stands Still By Chris Amico News agencies report: Kent Wells, a BP PLC vice president, said at a news briefing that oil stopped flowing into the water at 2:25 p.m. CDT after engineers gradually dialed down the amount of crude escaping through the last… Continue reading
Jul 15 BP Set to Begin Test on New Well Cap Capping stack departs June 29 from its construction site in Berwick, La. (Photo by BP) BP again plans to ramp up testing of its newest well cap system Thursday. The multi-stage test, which will take 48 hours, will… Continue reading
Jul 15 Thursday: Vote on Financial Reform Nears; BP Set to Proceed on Cap Test The U.S. Senate is planning a final vote Thursday on a sweeping overhaul of financial regulations. At least three Republicans, 55 Democrats and two independents are expected to support the bill, providing the 60 votes needed to overcome… Continue reading
Jul 15 Watch Gulf Wildlife Protection, Rehabilitation Efforts Face Ongoing Challenges As news broke that the oil leak had been halted at least for now, work continued to help rescue the diverse wildlife in the Gulf of Mexico. Tom Bearden reports from the Louisiana coast. Continue watching
Jul 14 Cousteau Returns to Gulf to Survey Oil Damage By Hari Sreenivasan Oceanographer and documentary filmmaker Jean-Michel Cousteau recently checked in with the Rundown to update us on his team's explorations since returning to the Gulf Coast. Since his last visit, Cousteau has been both on the water with… Continue reading
Jul 14 Fed to Gulf Coast Banks: Help Those Hurt by the Spill By Chris Amico The Federal Reserve urged Gulf Coast banks Wednesday to help customers get through what is sure to be a tough road ahead economically due to the ongoing oil disaster. In response to this disaster, financial institutions can… Continue reading
Jul 14 Wednesday: BP Delays Test on New Cap; Eight Americans Killed in Afghanistan By Tom LeGro Oil continued to flow into the Gulf of Mexico on Wednesday as the plan to start slowly shutting off valves on the new cap over the well was suddenly halted. Government officials and BP said further analysis must… Continue reading
Jul 14 Watch News Wrap: Federal Reserve Lowers Economic Growth Forecast In other news Wednesday, the Federal Reserve said that its latest estimate for economic growth will not be as high as it predicted in April. Continue watching