Daily Archives: September 8, 2010

Masa Serdarevic

The BP report spreads blame for the explosion and the spill far and wide. The four-month investigation has found that the accident was caused by “a complex and interlinked series of mechanical failures, human judgments, engineering design, operational implementation and team interfaces”. Read more

Fitch had a present for BP ahead of the oil giant’s publication of its internal inquiry into the Macondo explosion – raising its rating back to A from BBB, having downgraded at the height of the oil spill crisis. Read more

Masa Serdarevic

The eagerly-awaited report from BP has just been released on the company’s website. As was widely expected, BP has concluded that: “The investigation found that no single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year.” Read more

Masa Serdarevic

The Deepwater Horizon accident investigation report prepared by BP’s internal investigation team on the causes of the Gulf of Mexico tragedy, is expected to be published on Wednesday at 1200 BST / 0700 EDT. FT Energy Source will have regular updates on the report during the day. Stay tuned. Read more

Masa Serdarevic

Elsewhere this Wednesday:
- Rewarding results: how should we support the development of renewables?
- Iran and the Philippines: Mixing oil with bananas
- Fresh capital in the uranium fuel race
- Mafia cash in on EU wind farm handouts Read more

Masa Serdarevic

- BP takes some blame in Gulf disaster – WSJ
- Australian government prepared to adjust mining tax – Reuters
- Dana pitch for higher KNOC offer falters – FT
- MPs warned on deep sea drilling ban – FT
- UK wind power hits record generation output – Reuters
- Crude oil caught in a ‘stalemate’ between $70 and $75 – Bloomberg Read more