“What the hell did we do to deserve this?” is the question, baby-faced BP CEO Tony Hayward apparently asked his stunned fellow BP executives as they saw billions wiped off the company’s share price due to the Gulf of Mexico oil spill. The reason for the shareholder panic is that much more oil is escaping … Read More
The latest estimates from BP’s oil spill in the Gulf of Mexico are that the amount of oil escaping from the sunken rig is much worse than previously thought. Yesterday the estimates were 1,000 barrels a day. Today that has been revised to 5,000 after a new leak was discovered.
In BP’s magazine last year a senior company executive bragged that the company was focussed on “operational excellence” and “silent running”. “Silent Running” was a new concept within the global oil giant. The final years of Lord Browne’s reign were plagued by the Texas fire in 2005 when 15 people died and by a notorious … Read More
At least 18 Mexican oil workers have been killed after a drilling rig hit an oil platform in stormy weather, spilling gas and oil into the Gulf of Mexico. Seven workers are still missing. Rescuers have pulled 61 oil workers to safety from storm-tossed waters but have yet to control the oil leak, according to … Read More
A new US government report has concluded that climate change may produce stronger hurricanes that could disrupt U.S. oil production in the Gulf of Mexico and damage ports and pipelines along the coast that move fuel supplies. The report from a team of climate change experts and scientists at seven Energy Department laboratories is the … Read More
Although Hurricane Dean may be weakened, it is still battering evacuated oil rigs in the Bay of Campeche in the heart of Mexico’s energy industry. Although weakened from its overland journey, Dean has moved over the Bay of Campeche, home to more than 100 oil platforms, three major oil exporting ports and the Cantarell oil … Read More
Apparently there are no lengths to which Bush Administration officials will not go in defense of Big Oil. According to Congressional Quarterly, the Interior Department’s Inspector General will shortly issue a report revealing that Department officials, after learning in 2000 of mistakes in leases that could cost the American people $10 billion, proceeded to cover … Read More
The Republican Congress may be on its last legs but it is still kicking. A plan to open more than 8 million acres in the Gulf of Mexico to oil and gas drilling was included in a tax package that the House approved late last week. It means Big Oil’s proponents are one step away … Read More
