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Posts Tagged ‘Tony Hayward’

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Tony Hayward, the former BP chief executive who stepped down in the wake of the Deepwater Horizon explosion, is in talks to launch a new global oil company, according to press reports.

Mr Hayward was approached by representatives from Abu Dhabi’s sovereign wealth fund who offered to bankroll him to the tune of several billion dollars to enable him to build a global oil and gas group, according to the Sunday Times.

BTW, are journalists required to use the phrase “in the wake of” in every article about the blowout? It sure seems that way. This short article uses the phrase twice (bonus points?).


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If you haven’t heard BP executives answer the same questions  (long string, centralizers, cement bond log, BOP failure, etc, etc) often enough during appearances before Congress, you can watch a UK House of Commons committee ask them to Tony Hayward and Mark Bly on cspan’s recording of yesterday’s hearing.  This excellent legislative teamwork is further evidence of that special relationship between the US and UK.

I do wish that both government’s would show more interest in some of the lower profile incidents that also have major international significance. Perhaps they can coax Venezuela to release information about the Aban Pearl sinking. Even though I follow Hugo Chavez’s tweets :), I’ve learned nothing of significance about that accident.

In light of yesterday’s post about negative pressure testing, I was interested in this comment by Tony Hayward at the Common’s hearing:

We clearly have taken a lot of action to clarify and provided much greater rigor around the assessment of the negative pressure test.

Can BP tell us more?

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A. The environmental effects will be modest  (initial Hayward assessment made shortly after oil started gushing into the Gulf)

or

B. Environmental catastrophe (revised Hayward assessment while on the political hot-seat)

It’s much too soon to make a call, but the early data seem to favor A.  The Telegraph and Time have posted interesting articles on this topic.

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