Page 15 - Capping Stack News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Than the deep water horizon rig. the question is what kind of environmental damage will this fire and explosion do to the gulf that has already been through so much? it's just one more reminder, nora, of just how risky drilling for oil truly is. >> as you point out just how risky drilling for oil is, what's the news, certainly, with bp and the final kill on that? >> reporter: well, what they're trying to do today is to lift up the capping stack from the sea floor, the capping stack is what closed in the well. and once they do that, they will go down and latch on the blowout preventer. the blow...

Suppression of the pressure inside the capping stack and basically have reached a static condition in the well that allows us to have high confidence that there will be no oil leaking into the environment and we have significantly improved our chances to finally kill the well with the relief wells when that does occur. >> today's success a sharp contrast to the long list of failed attempts to stop the well forethe first 87 days. you remember that list well. it's like a list of greatest hits. the blowout preventer, insertion tube, containment dome, top kill, junk shot, lmrp cap. it goes on and ...

Latest updates on this topic from reliable sources.

That will controlled by a remotely operated vehicle which will slowly close it incrementally. this is very, very important because we want to measure the amount of closure radially by turns of that choke line valve by an rov simultaneously taking pressure reading. the goal is to slowly dlees down and understand the changes in pressure as we are closing it until that choke line is closed. at that point, there will be no hydrocarbons exiting from the capping stack and we'll go into a period where we will start taking pressure readings. it will go in basically 6, 24 and 48 hour increments dependi...

Former oil industry executive bob cavnar who now writes about the industry for the huffington post and his own site, the daily hurricane. bob, thanks for your time. >> happy to be here, keith. >> how possible is it that we're about to see the last drop of oil leaking into the gulf, from this spill, anyway? >> well, i think we're a couple of days from the possibility of that. about an hour ago, they landed what they're calling the capping stack, which is basically a mini blowout preventer, on top of the old blowout preventer, and it looks like by the rov feeds that we're looking at that they're...