Tuesday, July 27, 2010

Robert Dudley Oil Spill Case


BP announced the resignation of director general Tony Hayward on Tuesday, as it reported huge quarterly loss and $ 32.2 billion charge to cover the oil spill associated costs.

The company said Robert Dudley, the U.S., will be his first non-British general director on Oct. 1, when he replaces Hayward, widely criticized for its treatment of the worst oil spill in U.S. history.


BP reported a second quarter loss of $ 17 billion, mainly due to huge amount of money is the abolition of paying to clean up the bay and damage claims. The company claims that its $ 32.2 before tax includes a charge of $ 20 billion transaction compensation fund that Obama insisted in June.

CEO Tony Hayward, BP listens to President Carl-Henric Svanberg, speaking after a meeting at the White House with President Obama in the June 16, 2010
The energy giant said that the decision to replace Hayward, 53, who will receive a salary of at least a year 1.6 million dollars, was made by "mutual agreement". Her ad said BP would recommend it to non-executive board positions on the Russian joint venture.


"BP is a strong business with a fine asset, great people and play a vital role in meeting the energy needs of the world, BP's chairman, Carl-Henric Svanberg said in a statement. "But it will be another company to go forward, demanding fresh leadership supports reliable control and is engaged in a board.

Svanberg called the April 20 explosion Macondo well oil rig Deepwater Horizon, which killed 11 workers, a "watershed incident" for the company. Also spewed oil for 87 days, until it was capped on 15 July.

Dudley, who grew up partly in the states of Mississippi and joined the company in 1999, takes over as BP starts to constantly connect and the following week and as it sells $ 30 billion in assets over the next 18 months to cover flood costs.

Hayward, who received his doctorate in geology, tripped again when dealing with spills bay. He saw how insensitive when he raced while oil continues to spew, and when he complained about paying for bottling once said: "I want my life back."

"Gulf of Mexico, the explosion was a terrible tragedy for which - as the man responsible for BP, when it happened - I will always feel a great responsibility, regardless of where the blame ultimately turn out to be false," Hayward said in a statement Tuesday.

Hayward said BP expects to pay "vast majority" of the remaining direct costs of spill by the end of this year. "Other costs are likely to be paid over several years, including penalties and interest, long-term rehabilitation, compensation and legal costs, he said.
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