Live Breaking News & Updates on Mitigation Process
Stay updated with breaking news from Mitigation process. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
UAE Oil Storage Terminal Market to Exhibit 2.6% CAGR by 2027 Backed by Growing Chemical Industry, says Fortune Business Insights™ List of the Companies Profiled in the Global Market for UAE Oil Storage Terminal: VTTI, GPS Chemoil, Brooge Energy Limited, Royal Vopak, GP Global, Horizon Terminals January 27, 2021 11:32 ET | Source: Fortune Business Insights Fortune Business Insights Pune INDIA Pune, Jan. 27, 2021 (GLOBE NEWSWIRE) The UAE oil storage terminal market size is expected to reach USD 541.97 million by 2027 while exhibiting a CAGR of 2.6% between 2020 and 2027. This is attributable to the increasing oil trade activities and the growing chemical sector that is likely to propel the demand for the UAE oil storage terminal. This information is published by Fortune Business Insights in its latest report, titled, “ ....
Experts and scientists involved in this in a unified way, not just a bp estimate, the coast guard and government agencies as well. it s somewhat inexact. there is no question about it. but 70,000 feels like a little exaggeration, a little scare-mongering. admiral thad allen who is overseeing the federal response for this said he is now also not too concerned about the estimates or what s happening. he says the amount of resources that the federal government is throwing at this and also bp is throwing at this doesn t really they re not too concerned about what the estimates are. he s throwing it as a type of catastrophic event they re looking at. later today bp is hoping to lower the top hat dome and that s supposed to contain the spill but thad allen really made a point today that he wanted to say that this is really a mitigation process. this isn t going to cut it up. the long-term deal is going to be drilling a relief well that s going to hopefully seal this well at the bottom of ....
And sucking the oil back up to that point as well. he said really you have to understand this is a mitigation process. this is only going to just stop it. it s not going to be completely plugged. but there will still be oil spilling out there even with these mitigation attempts. the thing that s super disturbing today, reports that the spill could be ten times worse than originally thought. what are you hearing on that front? reporter: well, originally we d been working for the past couple weeks here, 5,000 barrels a day, 210,000 gallons of oil being pushed into the gulf of mexico. that s the assumption they ve had, the senate they ve stood by and said that is an estimate from bp s standpoint. but there have been independent experts, many of them coming from the academic world taking a look at the under water video they recently released and they have deducted through formulas and their calculations that it s about 70,000 barrels of oil a day. so you can see the discrepancy but no ....
Run a pipe up there. we should know later today whether that s going to work. this after last week s failed dam experiment. that failed because of the ice crystals that were forming on top of that dam. admiral allen said he did fly over the spill zone yesterday and noticed that it looked like it was shrinking. he says that is still offshore and says if this starts coming onshore with more frequency, it looks like it s going to come in smaller batches rather than a big wave of a mess at this point. there s a lot of anxiety because the entire region is keeping its eye on bp and hoping it s going to make good on its promise to keep this under control. but he did emphasize this is only going to be a mitigation process and the long-term solution is going to be to drill a relief well. so far, it s gone unabaded, so ....