The president of British Petroleum (BP), Carl-Henric Svanberg, announced yesterday that the company will suspend payment of quarterly dividends this year to meet expenses incurred by the oil spill in the Gulf of Mexico. “The BP board of directors decided not to pay more dividends this year,” Svanberg said after meeting, along with other senior [...]
Barack Obama‘s leadership in the case of the oil spill in the Gulf of Mexico faces key tests this week, in which the U.S. President will give his first speech to the nation about the disaster and shall meet first time with BP executives. With the greatest environmental disaster in American history, Obama will put [...]
British Prime Minister, David Cameron, announced on Thursday that this weekend will talk about the ‘BP oil spill’ in the Gulf of Mexico with U.S. President Barack Obama, whose criticism of the oil group BP began to cause concern in Britain. “I understand the frustration of the U.S. government because it is a disaster for [...]
On Tuesday, United States President Barack Obama felt the need to criticize BP CEO Tony Hayward for not recognizing the actual impact of the oil spill in the Gulf of Mexico. “He wouldn’t be working for me after any of those statements,” President Obama stated in an interview during the Today Show by NBC. As [...]
Many are curious what has actually occurred with the BP oil spill. Well, here is a breakdown of some of the exact implications of this disaster. Contrary to much popular debate, this has been the WORST oil spill in history. Many believe that the Exxon Valdez spill in 1989 rivals the BP disaster, but that [...]
As fixing the catastrophe seemed to be very foggy, a handful of people step out of the crowd to clean the mess. Oil continues to pour into the Gulf of Mexico, spreading in an enormously large rate and its effect in the environment is very much alarming. Cleaning things up would take time, but Victoria [...]
The CEO of BP admitted that oil company was not fully prepared to deal with the disastrous oil spill in the Gulf of Mexico, according to a newspaper report on Thursday. The Financial Times published comments by Tony Hayward saying it was “entirely fair criticism” to say that the company was not fully prepared for [...]
The nation’s worst oil spill increases its work on detroying the environment, as now the oil that is spewing in the Gulf of Mexico reached an estimate of 800,000 gallons per day. The rate is 20 percent faster than before, the BP could still need several more days before they would be able to cap [...]
British Petroleum (BP) acknowledged on Saturday that the operation to clog with mud and cement the leakage of oil that pollutes the waters of the Gulf of Mexico, called “Top Kill“, has failed, after trying to a seal the dome. “We could not stop the flow,” said chief operating officer of the company, Doug Suttles. [...]
Not long After British Oil Company BP started an internal investigation to determine who or what was responsible for the Deepwater Horizon spill that is estimated to be the biggest oil spill in U.S. history, it would seem that someone you might not expect has stepped forward to shoulder the blame: President Barack Obama. In [...]