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BP modifies plan to capture oil from leaking well

Thu, 06/03/2010 - 5:26am
Reuters

VENICE Louisiana (Reuters) - The latest plan to capture oil belching from a BP well into the Gulf of Mexico will work less well than originally hoped, the U.S. Coast Guard said on Thursday.

Shares in the energy giant rose in London trading on market hopes that the plan to use robot submarines to cut a riser pipe on the sea floor would succeed in capturing at least a good part of the gushing oil already causing an ecological and economic disaster for U.S. Gulf states.

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