Oil Spills

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  • Jan.26.2018: How Sanchi's spill could spread. An Iranian oil tanker carrying more than 100,000 tonnes of toxic oil collided with a freighter and exploded. The ship burned, spewing its cargo, for more than a week before sinking in the waters between China, Japan and South Korea. According to the International Tanker Owners Pollution Federation, the collision led to the worst tanker spill in 35 years. Reuters.
  • Jan.16.2018: A capsized oil tanker is releasing invisible toxins into the sea. On Jan.06, the oil tanker Sanchi collided with the CF Crystal, a Chinese freighter whose crew were all rescued. Ablaze since the collision and rocked by several massive explosions, the Sanchi finally capsized on Sunday with the loss of its 32-strong crew. The Sanchi was carrying 136,000 tonnes of oil condensate, a fuel much more volatile and flammable than crude oil. The spill is the biggest since the Deepwater Horizon oil platform disaster in 2010. Much has already burned off, but the rest of the transparent fluid could leak out and float upwards, forming an invisible toxic plume just below the sea surface. New Scientist.
  • Jan.16.2018: BP's Deepwater Horizon bill tops $65bn. Firm’s financial pain offset by rising oil prices as it winds down payouts from 2010 disaster. BP is nearing the end of the $65bn (£47bn) Deepwater Horizon compensation process, it said as it announced an unexpectedly high payout of $1.7bn among the final few hundred outstanding claims. Adam Vaughan, The Guardian.
  • Jan.05.2018: The Energy 202: Oil and gas companies get a New Year's Day gift. Republicans in Congress passed the tax code overhaul just before Christmas, and the oil and gas industry praised the legislation that slashed the corporate tax rate for all US companies while preserving tax breaks specific to them and opening up the Arctic National Wildlife Refuge to drilling. To much less fanfare, oil and gas companies got a New Year's Day gift, too. Congressional Republicans allowed a tax on oil companies that generated hundreds of millions of dollars annually for federal oil-spill response efforts to expire this week — a move that amounts to another corporate break for the industry. Dino Grandoni, The Washington Post.