Page 5 - Drill Pipe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Disaster. that new equipment has been developed, new technologies have been implemented, not just by the this oil giant but across the entire industry. you're looking at what is called a capping stack, a giant containment type vessel stories tall, that could now be deployed on top of a well head to stop a gusher like we saw here five years ago. also, enhancements were made to another vital piece of equipment. listen. >> one of the changes we made was to require all of our blowout preventers offshore to have two sets of what is called blind sheer ram. so that if there were a well control incide...

Level playing field in korea. >> the critics say it will be lopsided in favor of south korea. your reply? >> i couldn't disagree more. >> the south korean trade deal has had a big impact on the steel industry. the tube industry especially. what has unfolded since that deal has come down? >> oil country tubular goods are the most high value added segment of the steel industry. they are useded for drill pipe. you can drill down three-quarters of a mile, turn the pipe and go to where the oil or dwas is. we were flooded by cheating from chinese oil country tubular goods so we filed a trade case. t...

Scanning the wrong medicine would have been immediately detected. for this technology, most hospitals won't be able to make use of it until the prices come down. and once that happens, the future of medicine looks to be safer. dan simon, cnn, san francisco. >> 21 minutes past the hour. a look at stories making headlines. you remember that picture don't you? one year after the deep horizon rig explosion bp is suing the manufacturer of the rig's blowout preventer because it didn't prevent a blowout. the report released last month determined the oil spill was caused by a piece of drill pipe trapp...

To drill and there have been no changes to the blow out preventer and what we learned is, the employee out preventer did not work. so, why are we granting new licenses in the gulf of mexico when the president said they had to get to the bottom of this purse? is it politics? >>reporter: politics. money. who has influence. we're an energy hungry nation. that is where the oil is. the industry wants it on go back and drill in the deep water. the obama administration has given ten new permits pore deep water projects that were already underway but the real question people should ask, has the indust...

Shepard? >> shepard: wendell goler at the white house tonight. as you know energy prices have been rising in recent weeks while traders worry how the violence middle east and others have. today americans have not cut back on the use of gasoline even though some areas have surged above $4 a gallon. that news sent prices even higher today 78 cents in trading to settle above $105 a barrel. that is a high since 2008. new clues tonight about what caused last year's oil spill in the gulf. and there is no concern that it might happen again. according to a government report, a piece of drill pipe kept...