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The Deepwater Horizon, a semi-submersible rig owned and operated by Transocean and leased by BP, sank mid Thursday morning following a new explosion. For much of the day, the massive steel structure remained submerged below the waterline.

Coast Guard officials said the flow of oil from the undersea well had, at least for the time being, stopped on its own, since remote controlled submarines had been unable to shut equipment safety valves at the wellhead.

Source: Houston Chronicle

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