Daily Oil Market News
 
Daily Oil Prices & Futures News on the Blackstuff
Thursday 30th of October 2014
9/6/2010

Obama verbally attacks BP chief executive

Story link: Obama verbally attacks BP chief executive by Kay Murchie
Obama verbally attacks BP chief executive

US President Barack Obama has launched a verbal attack on oil giant BP as it continues to battle to contain the major oil leak.

Shares in the oil company fell a further 5% to 409p yesterday after Mr Obama’s comments.

Shares in the company have already lost around 40% since oil began to leak into the Gulf of Mexico from a damaged well on 22 April.

Tony Hayward, BP chief executive, made an insensitive comment last month after saying “I want my life back”.

His comments came after the explosion on the BP oil rig on 20 April took the lives of 11 people. The explosion led to thousands of barrels of oil leaking from the well.

In an interview with NBC, Mr Obama said: “He wouldn’t be working for me after any of those statements.”

BP was also criticised in the US for not fully disclosing the scale of the crisis and stating that the “Gulf of Mexico is a very big ocean”.

Meanwhile, the oil giant’s attempts to contain the leak appear to be making progress.

A containment cap was lowered over the well last week to siphon off the oil to a containment ship.

Yesterday, BP said it had contained almost 15,000 barrels of oil from the leaking wellhead in the previous 24 hours.

The oil leak has devastated the environment with almost 500 birds being found dead, as well as 227 turtles and 27 mammals, including dolphins

BP has said the money it makes from selling the recovered oil will be donated to wildlife protection in the region.

 

Related news to Obama verbally attacks BP chief executive








Previous: «
Next: »

Visited 3034 times, 1 so far today