One of the final puzzles of the Deepwater Horizon disaster has been solved. It is a mystery no more. A question that continues to haunt many in BP and in the oil industry is why did the supposed fail-safe mechanism to prevent a blowout, called the blowout preventer (BOP), actually fail. And fail so spectacularly. … Read More
Safety
Over 20% of Nuke Reactors on Fault Lines
For the last two decades the nuclear industry has undertaken one of the most sophisticated public relations exercises in order to try and show the world that the technology is safe, secure, clean and green. They have very nearly succeeded. We are on the cusp of a nuclear revival, driven largely because of climate change. … Read More
Investors Warn Over Deepwater Risks
The oil industry may be arguing that its back to business as usual after the Deepwater Horizon blowout, but the disaster is still causing major ripples within the investment community. And now the shareholders – who together represent investments of $2.5 trillion – are coming together to force through further changes. They are arguing that … Read More
“Compromised” API Set for Key Safety Role
So its back to business as usual. Bob Dudley, BP’s chief executive, is set to announce a resumption of dividend payments tomorrow as a signal to investors that the oil giant is back on track, after last year’s Deepwater disaster. The reinstatement is key for Dudley to show investor confidence before his inaugural presentation to … Read More
API is “Compromised” Says Deepwater Report
We know that BP was to blame for the Deepwater Horizon. So too was Transocean and Halliburton. So too was the failed regulatory regime, which was tasked with maximising revenues for drilling at the same time as being responsible for oversight of the operations. You can’t do both, and that is the reason that former … Read More
Preventing Another “National Scandal”
We already know that the official Commission into the Deepwater disaster criticised BP for systematic management failures. But the Commission is set to criticise the Obama administration later today when the full and final report is launched at the National Press Club. It will argue that the Administration has not gone far enough to reform … Read More
Safety Versus the Bottom Line
Slowly but surely BP is trying to rebuild its battered image and rebuild the way it does business. Part of that process is rebuilding its internal processes and values and the way it rewards success. In an innovative move, the company has announced that performance to be judged solely on improving safety in the fourth … Read More
Offshore Safety Inspections Were Compromised
Ask anyone who works say as a teacher about being inspected by government officials and they say that it is the surprise inspections that matter. If you have weeks of notice about an inspection you by its very nature have to make sure everything is in order. The kids are all behaving themselves at the … Read More
Chevron Safety Inspections Could be Compromised
Late last week, the British government gave the goahead for the American oil company, Chevron to start drilling a deepwater exploratory well as part of its Lagavulin project in the waters north of the Shetland Islands. In a highly controversial move, it is the first time the new British Coalition government has granted permission for … Read More
Obama’s Foolish Move
Less than a month ago, Barack Obama told us he wants to open 167 million acres of America’s continental shelf to oil drilling. At the time, he promised the nation that we have the technology to do this in a safe, clean and environmentally sound manner. Now, before the “April Fool” window has closed, we … Read More