Fears that a new cap fitted over the leaking oil well in the Gulf of Mexico could lead to a blow-out beneath the seabed have led US authorities to delay BP’s tests on the procedure and to suspend the drilling of a relief well, the FT reported. The decision follows a meeting between Stephen Chu, US energy secretary, and his scientific team. BP must now move more slowly with a process that industry analysts say risks causing a bigger problem in the gulf.
ft.com/alphaville All times are London time