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London (AFP) Sept 7, 2010 BP has announced it will publish an eagerly awaited report on the causes of the Gulf of Mexico oil spill on Wednesday. The probe by the oil giant's head of safety and operations, Mark Bly, is viewed as key to how BP defends itself against legal proceedings involving the spill, which followed an explosion at the Deepwater Horizon oil rig in April. "The Deepwater Horizon accident investigation report prepared by BP's internal investigation team on the causes of the Gulf of Mexico tragedy is expected to be published" at noon (1100 GMT), BP said Tuesday. A White House spokesman said he was not aware of anyone in the administration having seen an advance copy of the report. "We'll certainly look through the report... and may have some comment on it," said spokesman Robert Gibbs. The explosion on April 20 killed 11 workers and caused the worst spill in US history, with an estimated 4.9 million barrels of oil pumped into the Gulf. The Macondo well has now been secured but the US government is conducting what could be a criminal investigation into the incident. As well as BP's actions, it is also looking into contractors including Transocean, which leased the Deepwater Horizon rig off the Louisiana coast, and Halliburton, which cemented the well. BP has already spent eight billion dollars (6.3 billion euros) trying to contain the disaster, and has forecast that it will eventually cost the group more than 32.2 billion dollars, after clean-up costs and compensation are taken into account. US lawmakers have accused the oil giant of sacrificing safety to improve its profit margin, but chief executive Tony Hayward denied this during a hostile grilling in Congress in June. "There is nothing I have seen so far that suggests that anyone put costs ahead of safety. If there are, then we'll take action," he said. Hayward subsequently announced he was quitting the top job.
earlier related report Chevron, the second largest US oil company, said in a statement it had acquired operating interests in two exploration blocks and 59 percent in a third, all in the South China Sea's Pearl River mouth basin. Chevron said that British oil company BP will acquire the remaining interest in the third block. The exploration blocks, located in "highly prospective" region, cover an exploratory acreage of approximately 8,100 square miles (21,000 square km). "Participating in the exploration of this prospective deepwater basin furthers our strategy to grow our business in China and the Asia Pacific region," said Chevron Vice Chairman George Kirkland. In accordance with Chinese regulations, the explorations will be done in partnership with China National Offshore Oil Corporation (CNOOC), it said.
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Oil well capped, 'shrimp and petroleum' festival goes aheadMorgan City, Louisiana (AFP) Sept 6, 2010 Eager to move past the devastating Gulf of Mexico oil spill and celebrate a local tradition, thousands of people flocked this weekend to Louisiana's annual Shrimp and Petroleum Festival. The festival's unusual title reflects two of the region's main industries, both affected by the disastrous spill from BP's busted Macondo well. But with US officials saying the capped and sealed well no ... read more |
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