In a move aimed at boosting economic activity, the Obama administration has reopened the Gulf of Mexico to oil and gas drilling about six weeks ahead of schedule. The Gulf had been closed to drilling after the three-month BP oi…
The White House blocked government scientists’ efforts to disclose the worst-case environmental scenario related to the April 20 explosion of BP’s Deepwater Horizon rig, the Associated Press reported Wednesday, citing a panel a…
Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety.
Andy Inglis, the head of the company’s upstream business, will leave the company at the end of the year, BP said in a statement.
The company also set up a safety and operational risk unit to monitor and enforce safety standards across BP. Mark Bly…
Continue reading BP Creates Safety Unit, Fires Executive
BP Creates Safety Unit, Fires Executive originally appeared on DailyFinance on Wed, 29 Sep 2010 07:15:00.
Filed Under: Energy, Company News, Technology, Green, BP
BP (BP) will join an oil spill response group formed by fellow oil giants Exxon Mobil (XOM), ConocoPhillips (COP), Chevron (CVX) and Royal Dutch Shell (RDS.A).
BP will make its underwater well containment equipment and personnel available to the group, called the Marine Well Containment Co., The Washington Post said.
The other four oil companies said they would spend $1 billion on…
Continue reading BP Will Join Other Oil Giants in Spill Response Group
BP Will Join Other Oil Giants in Spill Response Group originally appeared on DailyFinance on Tue, 21 Sep 2010 06:49:00.
Filed Under: Energy, Company News, Technology, Exxon Mobil, Green, BP, Chevron
Oil giant BP (BP) believes that compensation claims related to the Gulf of Mexico oil disaster will be less than the $20 billion the company set aside to meet the claims, CEO Bob Dudley told analysts.
Dudley said “that given the current estimates of …