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+--- Thread: BP CEO Hayward - US Congress (/showthread.php?tid=4699)
BP CEO Hayward - US Congress - Saraj - 06-05-2018
Been watching it live on news, this evening for a couple of hours, now and wow they not afraid of asking direct and blunt questions.
The CEO has been ripped apart, but this is sooo going to reflect on us, as remember BP, is "British Petroloem"
Wish they had a congress here in UK, who can question like this !
BP CEO Hayward - US Congress - Tango - 07-05-2018
Quote:The CEO has been ripped apart, but this is sooo going to reflect on us, as remember BP, is "British Petroloem"
BP is an International Company and hasn't been 'Briitish Petroleum' for over eight years.
Anyway it wasn't a BP vessel or crew that caused the problem, or BP equipment that was on board. All the Companies involved (Halliburton, Transocean & Cameron) are American (although Transocean chose to re-register in Switzerland for tax reasons). Transocean, as far as I'm aware, are still paying out a $1 Billion to their shareholders in dividends while BP has been railroaded into witholding dividend payments until at least 2011 and of course agreed to put $20 Billion into a slush fund for compensation, which no doubt Obama and his crooks will be free to give away to anyone who can come up with any excuse for loss of earnings.
BP do have a major share in the block that the drill rig was drilling in, although around 40% is with other companies. It makes it difficult to understand why BP seem to be the only company being penalised and slagged off by the media.
If you think the media coverage is bad in the UK, it's ten times worse in the USA, and especially in the Houston area (which is where I'm currently at)
ad:.
BP CEO Hayward - US Congress - Lexusboy - 07-05-2018
The American are getting to be real bullies.
Tango is spot on the name is about all that is British on this Job and no one else is being blamed.
Don't get me wrong The UK makes a lot of money from BP £1 in £6 in pensions are from BP Shares.
It does not read well when you have a CEO who is not good with his reply's in public statements.
BP CEO Hayward - US Congress - Carpediem - 07-05-2018
The rig was owned by Transocean
The blow off valve was owned by transocean
BP told Transocean it was going to fail so fix it
Transocean tried to fix it but under US law they had to "Tender" the work out which took far to long and then it failed!
What am i missing? American Company / American Laws, British with the blame?
BP CEO Hayward - US Congress - toxo - 07-05-2018
Tango BP is an International Company and hasn't been 'Briitish Petroleum' for over eight years.
I actually heard a soundbite the other day from some dumbass American asking why the Queen of England wasn't getting involved, seeing as BP is a UK company...:Shooting:
Tango Anyway it wasn't a BP vessel or crew that caused the problem, or BP equipment that was on board. All the Companies involved (Halliburton, Transocean & Cameron) are American (although Transocean chose to re-register in Switzerland for tax reasons). Transocean, as far as I'm aware, are still paying out a $1 Billion to their shareholders in dividends while BP has been railroaded into witholding dividend payments until at least 2011 and of course agreed to put $20 Billion into a slush fund for compensation, which no doubt Obama and his crooks will be free to give away to anyone who can come up with any excuse for loss of earnings.
BP do have a major share in the block that the drill rig was drilling in, although around 40% is with other companies. It makes it difficult to understand why BP seem to be the only company being penalised and slagged off by the media.
Spot on. The US want somewhere else to point the finger, which is why all the attention is being diverted towards BP. Plus they have deep pockets so will pay out. Bottom line is, it's not their fault (as much as everyone loves to hate the big rich oil companies).
BP CEO Hayward - US Congress - Lexusboy - 07-05-2018
BP Have to take the blame at first as they are the owners and tender the jobs out.
If you buy a car with a badge on lets say Ford
When they have problems with their tyres like a few years ago the tyre was suppied by Bridgestone or firestone can't remember who.
The driver of the car sued Ford for the defect Then it was down to Ford to sue the supplier of the tyre.
In this case dont BP own the Business and sub it out to the other to do the work?
If this is the case then BP need to sue their supplier or people that tendered the job.
They should of all been called to the meeting yesterday so the truth was told.
The Yanks don't like to say they are wrong is the bottom line.
BP CEO Hayward - US Congress - parthiban - 07-05-2018
Tango it's clear BP are being destroyed by the US for some reason, are there any indications as to why? Are they trying to move US investment from what is technically a "British" firm over to the US oil firms?
BP CEO Hayward - US Congress - FirebirdPhil - 07-05-2018
Similar to what happened with the Prius breaking faults and Caldina accelerating fault, the ONLY place there was an "issue" was the USA, and they crucified Toyota. I bet if the same thing happened to a US firm nothing would have been said, just a quiet brush under the carpet.
Its the USA looking after its own by killing overseas competition.
BP CEO Hayward - US Congress - Tango - 08-05-2018
parthiban Tango it's clear BP are being destroyed by the US for some reason, are there any indications as to why? Are they trying to move US investment from what is technically a "British" firm over to the US oil firms?
It's mostly the American media, especially CNN. Obama is reacting to it and so are Joe Public. Latest this morning is an environmentalist saying the fishing is in decline because of overfishing e.g. he estimated the Red Snapper population may take up to 30 years to recover. The CNN interviewer turned it around to suggest it was the methane gas from the spill that was dissolving in the water and poisoning the fish. That wasn't the environmentalists view at all, but saying the GoM fishing industrywas already in decline when the spill happened wasn't what CNN wanted to hear.