Former BP chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill and the media frenzy it spawned, and said the firm came close to financial disaster as its credit sources evaporated. Get the full story »
Inside these posts: Deepwater oil and gas drilling
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Shell CEO criticizes Gulf spill
The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP’s devastating Gulf of Mexico oil spill. Get the full story »
Hayward: Oil spill a failure of drilling industry
Outgoing BP Chief Executive Tony Hayward declared in a web cast Tuesday that the Gulf of Mexico oil well disaster represents a failure for the deepwater oil and gas drilling industry, not just for BP.
“The industry needs to re-evaluate safety,” he said. “Everyone will re-evaluate the business model to reduce risk associated with deepwater drilling.” Get the full story »
