Bud's Offshore Energy (BOE)

1. BP CEO Bob Dudley pokes media, politicians and oil industry:

A great rush to judgment by a fair number of observers before the full facts could possibly be known, even from some in our industry.

Comment: Bob Dudley is correct, but the attacks and distortions were entirely predictable.  Human responses to high-profile disasters will always be excessive, and you won’t have a lot of friends when you are a public target. Add this negative outcome to the list of more important reasons for avoiding offshore disasters – protecting workers, preventing pollution, and preserving assets.

2. PTT and Indonesia continue to battle over Montara damages.

Comment: This will be a long and interesting international battle.  I wonder if PTT has any assets in Indonesia?  I can’t really tell from their website.