TV News LIES

Monday, Jul 28th

Last update12:22:36 AM GMT

You are here News Energy Final U.S. report lays Gulf spill blame on BP, contractors

Final U.S. report lays Gulf spill blame on BP, contractors

E-mail Print PDF

Gulf spillPoor management and critical mistakes by BP and its contractors led to the largest offshore oil spill in U.S. history, according to the final report of the largest U.S. government probe into last year's massive Gulf oil spill.

Investigators from the U.S. Coast Guard and Bureau of Ocean Energy Management scattered blame for the accident on the companies involved while also saying stronger regulations could have helped prevent the catastrophe.

This final report has been heavily anticipated by investors eager for clues on possible legal ramifications BP and its partners may face from the drilling disaster.

BP stock was up $1.04 to $37.94 in New York shortly after release of the report.

In the days leading up to the accident, BP made a series of decisions that complicated cementing operations and may have contributed to the ultimate failure of the cement on the well, the investigators found.

BP failed to communicate these decisions and the "increasing operational risks" to Transocean, the contractor that owned and operated the Deepwater Horizon rig, according to the report.

"As a result, BP and Transocean personnel onboard the Deepwater Horizon ... did not fully identify and evaluate the risks inherent in the operations that were being conducted at Macondo," the report said.

More...


Most Recent Related Stories...


Iran vows to defend Iraq Shi'ite sites; insurgents battle for refinery

Iran to protect sitesSunni rebels battled their way into the biggest oil refinery in Iraq on Wednesday, and the...

Florida to host 'paradigm-shifting' ocean energy project

off shore energy experimentThe U.S. government announced plans to work with Florida Atlantic University to test a system to...

BP allowed commercial drones by US regulators in unprecedented decision

FAA allows BP use of drones over landThe Federal Aviation Administration said Tuesday it has granted the first permission for commercial drone flights...

PlayStation 4 And Xbox One Are Energy Hogs

playstation and XboxFor all their graphical improvements and multimedia functionality, there's one place where Microsoft's Xbox One and...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!