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Posts from ‘July, 2010’

Swedish BP chairman ‘whisked married lover on luxury cruise as oil spill chaos erupted’

By Daniel Bates Last updated at 11:59 PM on 1st July 2010 He was brought in as a steady hand to make BP’s troubles go away. But chairman Carl-Henric Svanberg has put the company back into the spotlight, this time with embarrassing revelations about his personal life. The gaffe-prone Swede is said to have begun [...]

BP could be ripe for takeover

By Aaron Smith, CNNMoney.com staff writerJuly 1, 2010: 12:20 PM ET NEW YORK (CNNMoney.com) — BP’s stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts. BP’s (BP) stock finished at $28.88 Wednesday, a plunge of more than 50% from its [...]

Shell worse North Sea safety record than BP

From a Shell North Sea insider: Despite all the safety assurances from Shell management it would appear, based on HSE recorded violations, Shell still have made little progress. Since 2006, Maersk FPSO and Maersk Oil have breached safety regulations 35 and 34 times respectively. BP Exploration has broken 28 rules and Shell UK 38. HSE [...]