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Royal Dutch Shell plc (ADR) Oil Spill: 88,000 Gallons Leaked into Gulf of Mexico

Royal Dutch Shell plc (ADR) (RDS.A,RDS.B) is dealing with a large oil spill in the Gulf of Mexico.

Shell Oil Spill, RDS.A, RDS.BThe Shell oil spill has resulted in 88,200 gallons of oil leaking into the ocean from its Brutus platform roughly 90 miles off the coast of Louisiana. There are no drilling activities at the platform and it’s believed the spill came from a line that connects four wells.

The Shell oil spill was spotted by a helicopter at around 8:00 a.m. on Thursday. The company has already announced that a cleanup crew is being dispatched to handle the incident. Wells connected to the line with the leak have been shut off, reports Kansas City Star.

The U.S. Coast Guard said that the Shell oil spill has already been contained. The leak caused a section of ocean that was 13 miles across and 2 miles wide to be covered in oil. No injuries were reported in connection to the spill.

RDS.A and RDS.B shares were down 1% as of Friday morning.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/05/shell-oil-spill-rds-a-rds-b/.

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