World

 

Brazil

Mexico

Bolivia

Peru

Trinidad &
Tobago

Venezuela


Brazil

Mexico

Bolivia

Peru

Trinidad &
Tobago

Venezuela








Very usefull links



Petroleumworld
Bookstore



Institutional
links


OPEC



 


Petroleumworld
Business Partners

 


IRAQ OIL THE FORUM


Blogspots
recomended

caracas chronicles

Gustavo Coronel

Iran Watch.org

Venezuela Today

Le Blog des
Energies Nouvelles

 

 

 

 

BP's Hayward ignites fresh US anger as he exits

 

LONDON
Petroleumworld.com, July 28, 2010

BP's outgoing chief executive Tony Hayward was the target of fresh US anger Wednesday after claiming he had been "demonised and vilified," threatening efforts to draw a line under the Gulf oil spill.

The comments by Hayward, who resigned Tuesday following his heavily criticised handling of the Gulf of Mexico disaster, drew renewed criticism from Washington as BP struggles to restore its reputation after the spillage.

"I don't think that a lot of people in any country are feeling overly sorry for the former CEO of BP," said White House spokesman Robert Gibbs.

Hayward's departure was a move by the oil giant to rebuild its image in the aftermath of the spill that BP has said will cost more than 32 billion dollars.

He will be succeeded from October by Bob Dudley, who is in charge of BP's Gulf clean-up operations and who has vowed to "change the culture" of how the company tackles safety issues.

BP also said Tuesday it had made a record 16.9-billion-dollar loss in the second quarter, and will sell 30 billion dollars of assets over the next 18 months as it seeks to return to profitability.

"This is a very sad day for me personally," Hayward told a conference call.

"I became the public face and was demonised and vilified. BP cannot move on in the US with me as its leader."

He would not be drawn on whether he felt his treatment had been fair or not, but reportedly responded: "Life isn't fair."

But Gibbs hit back: "What's not fair is what has happened on the Gulf, what is not fair is that the actions of some have caused the greatest environmental disaster that our country has ever seen."

Hayward was also the target of fresh anger in the United States over a separate matter -- his decision to snub a US Senate hearing into BP's alleged role in the release of the Lockerbie bomber.

Democratic Senator Robert Menendez said the hearing, originally scheduled for Thursday, had been postponed after key witnesses, including Hayward, had refused to attend.

He accused the BP executive of being interested only in his "multi-million-dollar golden parachute."

Under his contract, Hayward will receive one year's salary, worth 1.045 million pounds (1.245 million euros, 1.620 million dollars). He also has a pension pot totalling 11 million pounds.

BP and Hayward have been mauled by Washington since the Deepwater Horizon rig exploded on April 20, killing 11 workers and unleashing millions of gallons of crude into the sea and onto the US Gulf coast.

It has taken more than three months to stem the flow. Up to four million barrels (170 million gallons) of crude have escaped.

The catastrophe has destroyed vital tourism, fishing and oil industries in the five US Gulf coast states and left BP facing soaring clean-up and compensation costs.

Hayward will step down on October 1, and will remain a BP board member until November 30, but has meanwhile been nominated as a non-executive director of Russian joint venture TNK-BP.

Dudley will become BP's first US chief executive following the resignation.

"I think sometimes events like this shake you to the core, the foundation, and you have two responses," Dudley said in a TV interview with ABC News, in reference to the oil disaster.

"One is to run away and hide, the other is to respond and really change the culture of the company and make sure all the checks and balances are there, just to make sure this does not happen again."

Dudley added that his top priority was to permanently seal the Gulf well, contain the crude spill and to clean up and restore the area's beaches. The group finally capped the leak on July 15.

BP's share price has plunged about 40 percent since the explosion -- wiping tens of billions of dollars off the group's market value.

Hayward, 53, handed over day-to-day management of the crisis in June to Dudley, as criticism mounted over his gaffe-prone handling of the disaster, suggesting he wanted his "life back" and playing down the impact of the spill.

Although his departure was seen as inevitable, British newspapers said Wednesday it was unlikely to be enough to restore BP's reputation.

"One top kill won't solve problems," said The Guardian.


Story from AFP
AFP
07/28/2010

 

 

Send this story to a friend


Copyright© 1999-2009 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.

Internet web links to http://www.petroleumworld.com are appreciated

Petroleumworld welcomes your feedback and comments,
share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions, please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98,ME,XP, Vista, Windows 7+/ 800x600 pixels


TOP

Contact: editor@petroleumworld.com/phone:(58 212) 635 7252, (58 412) 996 3730 or
(58  412) 952 5301

Editor:Elio C. Ohep A/Producer - Publisher:Elio Ohep /
Contact Email: editor@petroleumworld.com
CopyRight © 1999-2006, Elio Ohep - All Rights Reserved. Legal Information
- CCS office Tele
phone/Teléfonos Oficina: ( 58 212) 635 7252
PW in Top 100 Energy Sites

Technorati Profile

Fair use notice of copyrighted material:
This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.