Bp Apologises

US President Barack Obama and BP reached agreement Wednesday on a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, and the giant British company's chairman apologized to America for the worst spill in US history. BP is suspending its dividends to shareholders to help pay for the costs, said chairman ...

A day after he came under relentless attack at a Congressional hearing, BP chief executive Tony Hayward  was displaced as the man in charge of the company's response to the spill. "It is clear Tony has made remarks that have upset people," Carl-Henric Svanberg, the chairman of BP's board of directors, told the British television network Sky Ne...

BP's Chairman Carl-Henric Svanberg said in an interview broadcast on Thursday that the exact size of the oil leak from the company's well in the Gulf of Mexico is unknown.In an exclusive interview with Swedish Television, Svanberg said estimates were hard to determine exactly."What we have are these videos, and we have satellite pictures to look at...

President Barack Obama says BP has agreed to set aside US$20 billion to pay victims of its Gulf of Mexico oil well blowout that has created the worst environmental calamity in American history.BP's chairman apologized for the spreading catastrophe, and said he was suspending the company's quarterly dividend as part of its commitment to the claims p...

US President Barack Obama and BP reached agreement Wednesday on a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, and the giant British company's chairman apologized to America for the worst spill in US history. BP is suspending its dividends to shareholders to help pay for the costs, said chairman ...

A day after he came under relentless attack at a Congressional hearing, BP chief executive Tony Hayward  was displaced as the man in charge of the company's response to the spill. "It is clear Tony has made remarks that have upset people," Carl-Henric Svanberg, the chairman of BP's board of directors, told the British television network Sky Ne...

BP's Chairman Carl-Henric Svanberg said in an interview broadcast on Thursday that the exact size of the oil leak from the company's well in the Gulf of Mexico is unknown.In an exclusive interview with Swedish Television, Svanberg said estimates were hard to determine exactly."What we have are these videos, and we have satellite pictures to look at...

President Barack Obama says BP has agreed to set aside US$20 billion to pay victims of its Gulf of Mexico oil well blowout that has created the worst environmental calamity in American history.BP's chairman apologized for the spreading catastrophe, and said he was suspending the company's quarterly dividend as part of its commitment to the claims p...