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Posts on ‘July 1st, 2010’

BP could be ripe for takeover

CNNMoney.com

By Aaron Smith, CNNMoney.com staff writerJuly 1, 2010: 12:20 PM ET

NEW YORK (CNNMoney.com) — BP’s stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts.

BP’s (BP) stock finished at $28.88 Wednesday, a plunge of more than 50% from its close of $60.09 on April 19, the day before its leased oil rig, the Deepwater Horizon, exploded and sank in the Gulf of Mexico. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell worse North Sea safety record than BP

From a Shell North Sea insider: Despite all the safety assurances from Shell management it would appear, based on HSE recorded violations, Shell still have made little progress.

Since 2006, Maersk FPSO and Maersk Oil have breached safety regulations 35 and 34 times respectively. BP Exploration has broken 28 rules and Shell UK 38.

Press & Journal

HSE targets 30 North Sea operators over breaches

Firms ‘have broken safety rules 446 times’

By Ross Davidson

Published: 01/07/2010

Oil firms operating in the North Sea have broken health and safety rules nearly 500 times in the last five years.

The Health and Safety Executive sent out enforcement notices to more than 30 companies who had collectively broken 446 safety regulations since 2006.

Last night, the companies who breached most rules pointed to their improving safety records, but union leaders said the figures “did not scratch the surface”.

The HSE has sent out nearly 200 improvement or prohibition notices since 2006. In total, 155 rules were breached in 2006, with 76 the following year, 106 in 2008 and 83 in 2009. The HSE says firms have broken 26 regulations so far this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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