The Financial Times looks back at the key events in BP’s struggle to contain an oil spill following an explosion on the Deepwater Horizon oil rig, off the coast of Louisiana.
This interactive timeline charts the discovery of the oil leak, to the subsequent environmental and economic damage. The graphic also looks at the cost to BP and the estimated number of barrels leaking as the disaster progressed. Read more
Royal Dutch Shell recognizes that the industry has ground lost in public perception of safe drilling by the oil spill in the Gulf.
Marvin Odum, head of Shell’s business in the Americas, said in an interview that the past few years of educational outreach by the industry – and its own safety record – had started to pay dividends. Read more
When BP finally resummes dividend payments after the 2010 moratorium how much can cash are shareholders expect to receive?
The answer, via the dividend swaps market, is a lot less than the 56 cents (or 14 cents a quarter) BP has paid for the past couple of years. Read more
With BP planning $10bn of “non core” asset sales many of its rivals are likely to be licking their lips.
The question is, what counts as “non core”?
For BP, as for many of the majors, a logical first step would be to put its low growth European and US downstream operations on the block.
The problem is that there are very few buyers, meaning the company would struggle to derive value from a sale, let alone be able to find a willing buyer. Read more
Shareholders are beginning to believe BP and Anadarko may have different fates. Will Anadarko, a partner in the Macondo well, pay up? Read more