Gulf spill will change deep water operations across oil industry, says BP

Posted by Washington Post: Juliet Eilperin on May 10th, 2010
Guardian: The oil industry will have to overhaul how it operates in deep water as a result of the Gulf of Mexico disaster, BP's chief executive, Tony Hayward, said last night, as the company disclosed that the cost of the spill had now reached $350m (£236m). He said there would be "significant implications" in terms of new regulations and safety, while companies drilling offshore may be required in future to have spill-response equipment on standby. The blowout preventer, which failed to ......

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