BP Announces Failure of "Top Kill"
BP has announced "Top Kill" has failed to stop the oil leak:
BP is expected to announce that it will move on to its next option, known as LMRP. The procedure involves cutting off the failed, leaking riser at the top of the Lower Marine Riser Package on the blowout preventer to get a clean-cut surface on the pipe.
Then the company will install a cap with a sealing grommet that would be connected to a new riser from the Discoverer Enterprise drillship, with the hopes of capturing most of the oil and gas flowing from the well.
More here.
Update 4:00 pm MT : News conference is minutes away.
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