Total Now Progressing With Actions To Stop Gas Leak Incident At Elgin Platform

Total Q1 Profit Falls - Quick Facts

Total To Sell 49% Stake In Voyageur Upgrader Project To Suncor Energy

Trade TOT now with

4/2/2012 2:09 AM ET

Total SA (TOT: Quote, TTFNF.PK, TTA.L) said it is now progressing with actions to stop a gas leak incident on the plugged G4 production well on Elgin platform. Further to the gas leak, the situation has been stable on site over the last five days, the company noted.

Total specified that two main solutions are being progressed. The first is to pump heavy mud directly into the well and the second is to drill relief wells to intervene at the source of the gas flow. The company is mobilizing all means to allow these options to be implemented.

The precise cause of the gas leak is still being investigated and efforts continue to bring it under control.

Total continues to actively monitor the situation by using satellites and surveillance spotter planes.

Click here to receive FREE breaking news email alerts for Total SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 64 Articles

Editors Pick

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.

Negative Reaction To Fed Leads To Sell-Off On Wall Street - U.S. Commentary

After moving mostly higher over the course of the two previous sessions, stocks pulled back sharply during trading on Wednesday. A negative reaction to the Federal Reserve's monetary policy announcement weighed on the markets in afternoon trading. The major averages saw some volatility following the announcement from the Fed, closing firmly in the red.