BP is a large company, nevertheless its shares have nearly halved in price because the explosion that set off the spill within the Gulf of Mexico on 20 April. Its stock market value has fallen from about £125bn to about £70bn, which can make different oil companies take into consideration making a takeover bid, although shareholders may very well be unlikely to simply settle for a suggestion at present ranges. There’s moreover a chance that BP will find yourself not paying dividends this 12 months and it’s nearly sure that the quantity BP is having to pay out for the clear-up within the US will finally have an effect on the dividend.
TONY HAYWARD: I’ve, all through my tenure, been very specific regarding the precedence of security in BP. It’s the first phrase I utter every time I focus on to any group of people in BP, the truth that … Read More
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Vidrine told investigators three days after the explosion that at one level earlier than the blast he had a name from the rig flooring and that there was an issue “getting mud once more” from the properly. Some time later, there was an explosion, he acknowledged.
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And within the Gulf, unfortunately, eleven
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Indeed, more farcical than the executives’ recriminations in opposition to one another was the spectacle of senators making an attempt to pose as robust critics of the oil business. The US Senate, similar to the Home of Representatives, the Division of the Inside, and the White House, is for all intents and functions on the payroll of BP and the power commerce as a complete. Among the many many senators sitting on the 2 committees who’ve acquired tens of 1000’s in marketing campaign cash from BP and the oil trade are Richard Shelby (Republican, Alabama), Mary Landrieu (Democrat, Louisiana), John McCain (Republican, Arizona) and Lisa Murkowski (Republican, Alaska).
All they are going to do now, the GOP is try to re-focus the individuals’s curiosity onto the present administration, onto jobs lost briefly from a time-out on drilling in deepwater of 24 oil rigs to permit them to be checked for … Read More
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It is increasingly more becoming apparent that the BP ‘spill’ is greater than an accident. Feinberg’s job will seemingly be to see that there are not any compensation circumstances dropped at court docket which may expose any of the deep secrets and … Read More
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Now BP is attempting to deflect … Read More