The majors remain afraid of the pressures and the embarrassment of a Macondo type situation.
Crude oil spilling out of its Macondo well is tormenting the already-bruised shores of Louisiana.
There are indications that BP's approach to the drilling of the Macondo well was similarly slapdash.
He was afraid that a monumental blow out like Macondo could bankrupt his company.
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Halliburton is still trying to put the Macondo accident in the Gulf of Mexico in 2010 behind it.
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If this equipment had all been available in April, its proponents say it might have capped Macondo in weeks.
Then after the catastrophe at Macondo, the U.S. Govt declared a drilling moratorium.
If all goes according to plan, 85% of the oil leaking from the Macondo prospect could be captured by Sunday.
Anadarko has a 25% stake in the failed Macondo well that led to the Gulf oil spill during April 2010.
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Another former exec David Rainey has been charged with concealing from Congress the amount of oil flowing from the Macondo well.
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"Halliburton (and perhaps BP) should have considered redesigning the foam slurry before pumping it at the Macondo well, " the letter continued.
The Macondo explosion killed 11 men and released an estimated four million barrels of oil into the Gulf over 84 days.
Cementing is the way you finish this up, or save it for later drilling as was the case for the Macondo.
Halliburton also faces legal challenges, particularly related to the explosion of the Macondo deepwater well that exploded in the Gulf of Mexico.
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Many would have guessed that BP would be willing to pay just about any sum to put the Macondo spill behind it.
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Williams explained that the rig had already been working the Macondo prospect longer than anticipated because of delays caused by drilling problems.
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That explosion claimed the lives of 11 workers and caused the Macondo well to leak crude into the Gulf of Mexico until July.
They start with some embarrassing emails between John Guide, the BP engineer responsible for the ill-fated Macondo well, and David Sims, his boss.
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Deepwater Horizon was drilling for BP on part of the Mississippi Canyon Block 252 known as the Macondo prospect, in 1, 500m (5, 000ft) of water.
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In fact it is generally accepted wisdom among oil and gas insiders that of course BP cut corners to finish Macondo as quickly as possible.
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Outside of the economic focus, Monday included some good news from the Gulf of Mexico, where BP permanently sealed its Macondo well over the weekend.
While BP was extracting the oil from underneath the Gulf of Mexico when the Macondo well exploded, the Deepwater Horizon rig itself was owned by Transocean.
It is exploring at the edges of drilling technology with the skills and knowledge that BP wished it had when it lost control of Macondo.
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By comparison, the BP Macondo deep water spill in the Gulf of Mexico last year saw 30, 000 barrels of oil a day leaking into the gulf.
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"The commission's findings only compound our sense of tragedy because we know now that the blowout of the Macondo well was avoidable, " said commission co-chairman Bob Graham.
While Gulf Coast residents are applying for payments onshore, offshore BP has renewed "fishing operations" on the sunken, crippled Macondo oil well, BP spokeswoman Catherine Hill said Monday.
Mix and other engineers had worked tirelessly to calculate the flow rate of oil from the Macondo Well in order to develop a means of stopping the spill.
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Chevron's admission that a spill from a high-pressure Shetland oil well could leak at a higher rate than BP's Macondo well (1, 500 metres below the surface) didn't help.
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