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BP plc Develops New Spill Control


BP plc (NYSE:BP) has unveiled a new capping system designed to be flown to future oil spills.

BP plc Develops New Spill Control

The UK based oil giant BP plc (NYSE:BP) has introduced a new capping system, designed to halt gushing crude from damaged deep-water wells.

It joins other subsea containment systems designed for the Gulf of Mexico and other parts of the world, including Angola and the North Sea.

BP plc (NYSE:BP) plans to put the well cap through emergency tests next year.

The energy giant recently announced its plans to begin restoring the shoreline which was devastated by the Gulf of Mexico oil spill.

BP plc (NYSE:BP) shares were at 42.02 at the end of the last day’s trading. There’s been a -7.7% movement in the stock price over the past 3 months.

BP plc Develops New Spill Control
BP plc (NYSE:BP) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 3 out of 19 in the industry


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