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BP has lowered a cap over a damaged Gulf of Mexico oil well, the U.S. Coast Guard said, in the latest attempt to control the worst oil spill in the country’s history.
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BP will know in 12 to 24 hours whether the plan has succeeded in stanching the gushing crude, Chief Executive Officer Tony Hayward said earlier. “There’s always a risk as to whether it will be a success,” he told reporters in Houston. The cap will be used to divert oil to ships on the surface.
source:bloomberg
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