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Posts on ‘June 5th, 2010’

BP’s Hayward: ‘I’m also angry and frustrated’

Sunday Telegraph

BP chief Tony Hayward has been called ‘the most hated man in America’. He says he understands the outcry but maintains that he is the right person to lead the energy giant.

By Rowena Mason
Published: 8:34PM BST 05 Jun 2010

Tony Hayward: ‘This won’t stop deepwater drilling. It will transform it’

Tony Hayward doesn’t look like US public enemy number one.

The slight, boyish BP chief executive appears remarkably chipper for a man who has spent the past seven weeks trying to fend four million gallons of oil away from the US coast.

But American hostility towards Hayward and the 100-year-old British oil company has been relentless since the Deepwater Horizon rig in the Gulf of Mexico exploded and sank. The accident killed 11 men, polluted hundreds of miles of coastline and wiped £36bn off BP’s share price. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

What Not to Say When Your Company Is Ruining the World

by Ravi Somaiya: June 02, 2010 Joe Raedle / Getty Images: On May 28, Hayward points to the site of the gulf oil spill.
There is a long and awkward history of corporate leaders saying the wrong thing when their companies are facing criticism. Goldman Sachs CEO Lloyd Blankfein responded to his company’s role in contributing to the recent financial crisis by suggesting he was doing “God’s work.” But BP CEO Tony Hayward, whose company just hired a former spokeswoman for Vice President Dick Cheney to help handle the media, has outdone even Blankfein in his unfortunate comments since the company’s Deepwater Horizon oil rig blew up on April 20. The blast killed 11 people and sent thick, rust-colored oil billowing into the Gulf of Mexico, destroying natural habitats and devastating the coastal economy.

BP initially estimated that between 1,000 and 5,000 barrels of oil were gushing into the gulf each day. The current consensus pegs the figure at between 12,000 and 19,000 barrels. At 44 days in, it is already the biggest spill in U.S. history, and with no signs of a quick solution to halt the flow of crude, it’s dwarfing the 1989 Exxon Valdez disaster in Alaska.

Among Hayward’s bizarre statements since the accident:

On April 29, The New York Times reported that Hayward, apparently exasperated, turned to fellow executives in his London office and asked, “What the hell did we do to deserve this?” (A possible answer might be the company’s 760 safety violations over the last three years. ExxonMobil, in contrast, has had just one.) read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

BP has the real smell of death


Go to Globe Investor

For BP, now come the lawyers

A smeared reputation may be just the start of BP’s problems, Eric Reguly writes. Next up: A U.S. court system eager to make it pay for the worst oil spill in the nation’s history

Eric Reguly: From Saturday’s Globe and Mail

BP PLC (BP-N37.16-2.11-5.37%)is public enemy No. 1 in the United States.

Anti-BP demonstrations are flaring up across the country. The starburst green and yellow BP logos, which once stood for “Beyond Petroleum,” are being defaced at BP gas stations. A Facebook page advocating a BP boycott had more than 360,000 supporters by Friday, the same day that U.S. consumer advocacy group Public Citizen led a mass rally against the British company and its hapless CEO, Tony Hayward. The New York Daily News called him “the most hated – and clueless – man in America.” read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

Perth lands coup in change at Shell helm

The Sydney Morning Herald


Saturday, June 5, 2010

ANN Pickard, the most powerful woman in Australia’s oil and gas industry, has wrested control of Royal Dutch Shell’s far-reaching operations in the country from Melbourne to Perth.

It comes as Shell prepares to become the biggest corporate investor in Australia through its involvement in tens of billions of dollars of gas projects in Western Australia and Queensland, including the Gorgon and Prelude ventures. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.
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