Getty Images: ExxonMobil CEO Rex Tillerson, Chevron CEO John Watson, ConocoPhillips CEO James Mulva, Shell President Marvin Odum, and Lamar McKay, president of BP America, at a House hearing. THE WALL STREET JOURNAL By STEPHEN POWER JUNE 15, 2010 WASHINGTONSenior House Democrats accused all five oil companies attending a congressional hearing Tuesday of relying on [...]
Posts on ‘June 15th, 2010’
BBC NEWS The chief executives of five major US oil firms are giving evidence The major oil companies drilling off the US coastline are as unprepared as BP for a major spill, the chairman of a Congressional panel has said. Exxon-Mobil, Chevron, ConocoPhillips and Shell all have identical response plans to BP, Henry Waxman told [...]
June 15 (Bloomberg) — Exxon Mobil Corp., ConocoPhillips, Chevron Corp. and Royal Dutch Shell Plc executives told Congress deepwater oil wells can be drilled safely after a BP Plc well blew out, as lawmakers criticized their disaster plans as inadequate carbon copies.
BBC NEWS By Caroline Duffield BBC News, Niger Delta Olusegun Aganga talks to Steve Evans about ‘the curse of oil’ Visitors to the Nigerian village of Kpor, deep in the Niger Delta, are greeted by strange sights: silver frogs blink from gleaming puddles, sunlight bounces from an eerie black lake, and dragonflies hover over cauldrons [...]
By Brian Swint and John Glover June 15 (Bloomberg) — BP Plcs credit rating was cut to two levels above junk by Fitch Ratings on concern over the potential cost of cleaning up the Gulf of Mexico oil spill and meeting future liabilities. BPs long-term issuer default and senior unsecured ratings were lowered six levels [...]
June 15 (Bloomberg) — Federal investigators must determine if BP Plc took risks beyond industry norms with the Gulf of Mexico well that exploded and caused the worst U.S. oil spill, Exxon Mobil Corp. Chief Executive Officer Rex Tillerson said.
THE NEW YORK TIMES: From the beginning, the effort has been bedeviled by a lack of preparation, organization, urgency and clear lines of authority among federal, state and local officials, as well as BP. As a result, officials and experts say, the damage to the coastline and wildlife has been worse than it might have been if the response had been faster and orchestrated more effectively.