Think the BP oil rig disaster affected business very much in the Gulf of Mexico?
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Okay, folks, the topic for today is the BP oil rig catastrophe in the Gulf of Mexico that occurred on April 20.
In the weeks after the BP-chartered oil rig exploded shares of St.
Then after the accident the confusion of responsibility between BP, the oil rig operator, and federal and local government slowed down the response and created disjointed and unclear communications.
Tony Hayward went to a yacht race as BP's rig was spewing oil into the Gulf of Mexico.
Judge Barbier will then determine whether BP's actions on the oil rig were simply negligent or grossly negligent, which would impose significantly bigger fines on the company.
The rig workers have filed a negligence suit against BP, Transocean, oil field services contractor Halliburton and other companies involved with the deepwater rig.
Looking at crucial steps BP has taken in crisis management since the oil rig explosion and fire, you see a more mixed story.
The Deepwater Horizon rig was leased to oil giant BP to drill an exploratory well.
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Mr Hayward, who resigned from BP in the wake of the 2010 Deepwater Horizon oil rig disaster, became a senior independent director of Glencore after the commodities group listed on the stock market in 2011.
British oil company BP, one of the firms operating the rig, has not been able to activate a device known as a blow-out preventer, designed to stop oil flow in an emergency.
The explosion of the Deepwater Horizon oil rig, owned by Transocean and operated by BP, cost the lives of 11 men and caused the leaking of about 4.9 million barrels of oil into the waters of the Gulf.
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Petroleum engineers don't have the best reputation at the moment, thanks to all that oil gushing into the Gulf of Mexico from BP's April 20 rig explosion.
But the project has caused anxiety in the US, particularly following the 2010 leak at BP's Deepwater Horizon rig, which dumped millions of barrels of oil into the Gulf of Mexico.
The rig was owned by Transocean ( RIG), but it was BP ( BP) who owned the doomed oil well.
While BP was extracting the oil from underneath the Gulf of Mexico when the Macondo well exploded, the Deepwater Horizon rig itself was owned by Transocean.
BP, which had been leasing the rig from Transocean, says the safety device that was supposed to cut oil flow on the ocean floor in the event of a well blowout did not perform its function.
The Obama administration is looking for ways to improve the regulation of offshore drilling in the wake of the Gulf of Mexico oil spill, which stemmed from an explosion in April on the Deepwater Horizon rig, operated by BP.
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Washington (CNN) -- Oil giant BP and contractor Halliburton knew of potential flaws in the cement slurry used to reinforce the oil well below the Deepwater Horizon rig before it exploded in April, according to a letter Thursday from the lead investigator for a federal probe of the Gulf oil disaster.
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