BP expects to resume drilling in Gulf of Mexico within months

[Turborama]

Source: The Guardian

• BP takes additional $400m in charges from oil spill costs
• UK budget changes cost BP £414m in extra taxes

Wednesday April 27 2011 19.29 BST

BP has predicted it will be back drilling in the Gulf of Mexico within a matter of months despite continuing legal threats and rows over pollution from last year's Deepwater Horizon disaster. "We expect to be back and actively drilling during the second half of the year," Byron Grote, the company's chief financial officer, told financial analysts from the City of London on Wednesday.

The comments are likely to infuriate environmentalists who believe BP should be kept away from the Gulf and could upset a US offshore regulator still considering whether to grant permits to BP.

Verbal gaffes by former chief executive Tony Hayward in the wake of the Macondo well accident 12 months ago sent the company's reputation in America into freefall as it attracted widespread criticism from the White House downwards.

Grote was speaking as BP revealed it had taken a further $400m of extra charges relating to Macondo in its first quarter financial results which helped dent profits.

Read more: http://www.guardian.co.uk/business/2011/apr/27/bp-oil

[plumbob]

1. I expect he's right, and I expect they'll everyone else to jump up their

ass if they don't like it.

Obviously, they're above any law, and anyone who's gotten anything from them should count themselves lucky.

I'd be damned if I had a business there if I'd do any with BP. They could truck in their bologna and ice from England, for all I care.

They are wearing me down after too many decades of this shit......

[defendandprotect]

2. Anyone who cares about nature and the planet understands this is insanity --

based on militarism --

Oil is a "national security" issue which is why Obama is so protective --

How long will we allow our planet to be torn apart by corporations/capitalism?

[AndyTiedye]

4. Yes, Oil is Important

Too important to entrust to the incompetent yahoos at BP.

Oil that gets spilled into the Gulf won't fill anybody's tank.

[defendandprotect]

6. Oil is important to people who believe war is important ...!!

[Arctic Dave]

9. Funny you should say that.

I was out on a drill site location yesterday and I saw the strangest thing, conocophillips was drilling 100 yards from a BP site but was being paid for the government to drill for hydrates. I believe it had something to do with the DOE HETL r&d project. What pisses me off is that the gov can pay for this but they can't seem to take the bull by the horns and take over oil production from greedy corporation. What will piss me off even further is if the people pay for r&d and the F'in oil corps get to reap the rewards.

[ixion]

3. BP shouldn't even be in business right now

:grr:

[opihimoimoi]

5. Where are their Worst Case Plans??? Are they Prepared with Barges and Skimmers with standby crews?

They should submit a realistic plan before drilling Permits issued

[OnyxCollie]

8. They got the walruses covered. nt

[TatonkaJames]

7. With the same defective bow out preventers

Nothing new here, move along.