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...Gene Munster, a partner at the technology investor Deepwater Asset Management, concurred. Arm “is part of the AI story....
...It announced Hayward’s resignation on the same day it appointed Bob Dudley in July 2010 following the Deepwater Horizon oil spill....
...This write-off followed the disastrous Gulf of Mexico Deepwater Horizon oil spill in 2010 which, by some estimates, cost BP and its partners $71bn over 10 years....
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...The Deepwater Horizon oil rig disaster in 2010, which killed 11 workers and released almost 5mn barrels of oil into the Gulf of Mexico, was not just an environmental cataclysm....
...Costs also mounted well above initial expectations at Lloyds, on the hook for mis-sold insurance, and BP after the Deepwater Horizon oil spill....
...My first weekly column here was about the damning report into the Deepwater Horizon disaster, which said “overarching management failures” in the oil industry created the conditions for the fatal explosion...
...The 2010 Deepwater Horizon disaster spilled more than three million barrels of oil and would eventually cost operator BP and its partners more than $70bn in remediation costs....
...Tony Hayward, humiliated as BP’s chief executive after the Deepwater Horizon oil spill, re-emerged at the head of his own oil company and became chair of Glencore, the commodities group....
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...BP last cut its dividend in 2010 after the Deepwater Horizon disaster....
...Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf of Mexico....
...The decade after brought the Texas City refinery accident, the Thunder Horse platform tilt, the troubled investments in Russia’s oil sector, an Alaskan pipeline spill and Deepwater Horizon — the last of...
...Horizon rig explosion 10 years ago....
...Yet BP’s decision to halve its dividend payment to 5.25 cents a share — the first cut since the disastrous Deepwater Horizon oil spill in 2010 — was a blow....
...Horizon explosion....
...The story moves from the Deepwater Horizon oil rig disaster in 2010, through the wildfires of western Canada, the refugee crises in Africa and the Middle East all the way to the Vatican, where Pope Francis...
...Horizon disaster and the purchase of BHP’s US onshore fields, HSBC said....
...Boeing’s failure to put the Max crisis behind it has baffled even experts who have studied corporate crises, from Johnson & Johnson’s 1982 Tylenol pain relief recall, to BP’s Deepwater Horizon environmental...
...BP’s energy transition When Bob Dudley became BP’s chief executive in 2010, he had to bring the energy group back from the brink of collapse while facing a public backlash over the deadly Deepwater Horizon...
...Thomson Reuters also highlighted the cost to BP of the 2010 Deepwater Horizon disaster — $65bn by the end of 2017 — as a major contributor to total corporate legal liabilities over the past few years....
...This operational weakness could be offset by the first-half weighting of the Deepwater Horizon payments for the year, according to the Royal Bank of Canada....
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