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BP replaces CEO Hayward, reports $17 billion loss

BP to replace CEO Hayward with American Robert Dudley, posts $17 billion quarterly loss. BP’s much-criticized CEO Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the…

Bill Clinton: ‘We may have to blow up the well’

Little noticed comments from former President Bill Clinton over the weekend which he made in South Africa are perhaps — well — a bit explosive. “Unless we send the Navy down deep to blow up the well and cover the leak with piles and piles and piles of rock and…

Document reveals BP chose riskier, cheaper option to seal oil well before blast

WASHINGTON – BRITISH energy giant BP chose a casing for its ruptured well in the Gulf of Mexico that was the riskier of two options, partly for economic reasons, the New York Times reported on Thursday. Citing a BP document, the Times said the concern with the method BP chose…

Top BP official on oil rig takes the fifth; another says too sick to testify

After reports that a BP “company man” overruled workers for the oil rig company Transocean on a key safety procedure prior to an explosion which set the rig aflame and sinking into the Gulf of Mexico, a senior BP official that was on the rig when it exploded has told…

Gulf oil gusher ‘ten times worse’ than previously estimated, experts say

Obama wants higher oil company taxes, pledges $58 million for cleanup efforts Update (below): Democrats align to ban offshore drilling along west coast So this is why BP’s release of video showing the Gulf oil gusher was mysteriously delayed. According to a scientific analysis of footage from the bottom of…

BP finally releases oil spill video, but lies about delay

Experts say criminal charges ‘just a matter of time.’ BP officials finally made an underwater video of its broken well gushing oil into the Gulf of Mexico, after being pressured to do so by media outlets and the White House, and then claiming they hadn’t received requests for the footage.…

US officials create offshore drilling safety review board

US officials Monday unveiled the creation of a board to review offshore drilling safety and tighten oversight of oil equipment testing as a giant slick spread over the Gulf of Mexico. “We must continue to do everything we can to oversee and support BP’s efforts to stop and clean up…

Blazing oil rig sinks into Gulf of Mexico on Earth Day

NEW ORLEANS, Louisiana (AFP) – A blazing oil rig sank Thursday into the Gulf of Mexico sparking fears of an environmental disaster almost two days after a massive blast that left 11 workers missing. Oil fires had been raging on the Deepwater Horizon rig for more than 36 hours since…

Mine disaster site had 57 safety violations in March

An explosion ripped through a coal mine in West Virginia, killing 25 workers and leaving four unaccounted for in one of the worst US mining disasters in recent years, officials said. And the disaster site was cited for “57 infractions just last month for violations that included repeatedly failing to…

Massive early morning explosion rocks Afghan capital

A huge explosion shook Kabul early Friday and scattered gunfire broke out as ambulances rushed to the scene and loudspeaker announcements told bleary-eyed residents to stay indoors. There was no confirmation of the cause of the blast, which comes after gunmen on January 18 stormed the commercial heart of the…

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