BP Plc engineer John Guide , leader of the team that drilled the Macondo well, expressed concern he could be fired five days before a blowout that killed 11 rig workers and triggered the biggest U.S. offshore oil spill.
BP Plc executives told U.S. investigators they didn’t know who was in charge of the doomed Deepwater Horizon rig in the Gulf of Mexico or who made key decisions before the vessel exploded in April, killing 11 workers and spewing millions of barrels of crude into the sea.
Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
BP Plc engineer John Guide, leader of the team that oversaw drilling of the well that caused the largest offshore oil spill in U.S. history, has been summoned to testify for a second time before a federal investigative panel.
BP Plc managers overseeing the Macondo well were distracted by cost overruns and personal conflicts in the weeks before the April 2010 disaster that fouled the Gulf of Mexico with almost 5 million barrels of oil, the U.S. said today.
Zurich Financial Services AG , Switzerland’s largest insurer, posted a 51 percent decline in second-quarter profit after increasing loan-loss provisions for its commercial property books in the U.K and Ireland.
BP Plc engineer John Guide was the “de facto leader” of the team that oversaw the well that caused the largest offshore oil spill in U.S. history, according to a U.S. presidential panel’s investigative report.