Shell shares slide after fears of oil spill in the Gulf of Mexico
Thursday 12 April 2012
Fears of an oil spill in the Gulf of Mexico triggered a slide in the shares of energy giant Royal Dutch Shell today.
The alert came after the Anglo-Dutch company notified the authorities of a light sheen on waters near to its production facilities.
It is "confident" that the oil sheen has not originated from the wells in its Mars or Ursa projects, but out of "prudent caution" has sent a response vessel to investigate further.
With BP's Deepwater Horizon disaster of 2010 fresh in the minds of investors, shares in the company dropped as much as 5% today before recovering after Shell said all its operations in the area appeared to be operating normally.
As well as sending the vessel, Shell requested flights to monitor the sheen, which measures one mile by 10 miles.
Shell said: "A thorough inspection to date of Shell assets reveals operations in the area are normal with no sign of leaks. We have also confirmed there are no well control issues associated with our drilling operations in the area."
The Deepwater Horizon rig explosion killed 11 workers and affected hundreds of miles of coastline after an estimated 4.9 million barrels of oil poured into the sea.
filmFilm producers sue Warner Bros for $75m over Hobbit films
Swedish stars ask fans for £195 pledges on crowd-funding website
musicThe 21-year-old beat Ella Eyre and Chlöe Howl to win the honour
lifeFull of the joys and want to help your fellow man? December isn't the time to do it
Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
David Cameron explains selfie with Obama and Helle Thorning-Schmidt at Mandela Memorial
French café starts charging extra to rude customers
Krokodil in Mexico? Teenager hospitalised after 'injecting drug into her genitals'
Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
- 1 Nelson Mandela memorial: ‘Bogus’ interpreter made mockery of Barack Obama’s tribute in Soweto
- 2 French café starts charging extra to rude customers
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 Is Facebook making us forget? Study shows that taking pictures ruin memories
- < Previous
- Next >
iJobs Money & Business
£44999 - £60001 per annum + Benefits: Pro-Recruitment Group: A Top Tier firm i...
£77099.84 - £96375.26 per annum + Bonus + Benefits : Harrington Starr: My clie...
£45000 - £60000 per annum + Bonus and Package: Harrington Starr: Trading appli...
£50000 - £60000 per annum + BONUS + BENEFITS: Harrington Starr: A leading prov...