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    Fears of new Gulf of Mexico oil spill sends Shell & BP shares falling

    mudra
    mudra


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    Fears of new Gulf of Mexico oil spill sends Shell & BP shares falling Empty Fears of new Gulf of Mexico oil spill sends Shell & BP shares falling

    Post  mudra Fri Apr 13, 2012 10:41 am

    Fears of new Gulf of Mexico oil spill sends Shell & BP shares falling

    Shares in Shell (LON:RDSB) and BP (LON:BP.) were falling this morning over fears of a possible oil spill in the Gulf of Mexico.

    An oil sheen, spanning 1 mile by 10 mile area, has been spotted on the water surface near two Shell operated oil platforms, called Mars and Ursa.

    BP is still reeling from the Gulf of Mexico’s worst ever oil spill last year and it has a 28.5 and 22.7 per cent stake in the respective assets.

    "Shell has no current indication that the sheen originates from wells in either the Mars or Ursa projects," the company said in a stock exchange statement.

    "At this time, the source of this sheen is unknown, and Shell's priority is to respond proactively, safely, and in close coordination with regulatory agencies."

    read on: http://www.proactiveinvestors.co.uk/companies/news/41394/fears-of-new-gulf-of-mexico-oil-spill-sends-shell-bp-shares-falling-41394.html

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    mudra

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