Tag Archives : BP

When the Gulf Oil Spill happened, a lot of brouhaha was created and rightly so. The BP executives faced the ire of the media and the environmentalists. But recently the scrutiny of the public has gone down a bit after reports from the media that much of the work that has been done by now to remove the oil from the Ocean is successful to a large extent. [...]

The chief executive of BP, Tony Hayward, is negotiating the terms of his resignation, whose formal announcement will be made within 24 hours, according to information obtained by the BBC. Hayward was highly criticized by the oil spill in the Gulf of Mexico after the outbreak of Deepwater Horizon platform in April. The BBC’s business editor, Robert [...]

Angola is poised to become the darling of the global oil industry. Although the country is a ‘corrupt, underdeveloped and war-scarred country’ and ‘one of the poorest lands on earth,’ it is a place of vast natural resources and immense potential wealth. Oil and diamonds comprise 99 percent of Angola’s exports. It has also been inviting foreign [...]

Contrary to what PM Gordon Brown said, Justice Secretary Jack Straw admitted that the release to Libya of Abdelbaset al-Megrahi, otherwise known as the Lockerbie bomber, was ‘to facilitate a multi-million-dollar oil deal.’ There is an agreement between Libya and BP that had to be signed. According to Straw, “I’m unapologetic about that, Libya [...]