All Things BNET on BP's Gulf of Mexico Oil Spill
BNET's best have provided coverage and insight into the Deepwater Horizon oil rig explosion and the subsequent BP oil spill in the Gulf of Mexico since it all began April 20. Management lessons, BP's impacts to the seafood industry; Warren Buffett's oil spill play, lesson in advertising and public relations; as well as economic implications are all here. Heck, even James Cameron and Kevin Costner and make cameo appearances. Most importantly, BNET digs in and provides the analysis and management insight that goes beyond traditional news stories.
The following links are grouped into the following categories: News on the oil blowout, discussion of its economic consequences, BP's executive leadership and advertising/public relations. We'll keep updating this post as the disaster unfolds, so bookmark it and check back regularly.
BP's Gulf of Mexico Blowout and Its Aftermath
- Halliburton Counterpunch! A View Into the Oil Spill Legal Saga to Come (10/29/10) Less than day after a presidential oil spill commission investigation revealed test results that could raise the liability stakes for Halliburton, the company struck back.
- Halliburton and the Gulf Oil Spill: Maybe Faulty Cement Is the Smoking Gun (10/29/10) A presidential commission has revealed some rather damning information about Halliburton's role in the Gulf oil spill. But is the smoking gun we've been looking for?
- Desperate Times? BP Sells Assets to Russian Frenemy TNK-BP (10/18/10) BP will sell $1.8 billion in international oil and gas assets to TNK-BP, the one company it never wanted to operate beyond its Russian borders.
- Watch BP's Legal Strategy Go Up in Flames (10/08/10) BP's internal investigation never had a chance in hell of appearing impartial. Now reports of lawyer tinkering have made the report -- and its legal strategy -- worthless.
- Rejected by BP? New Oil Spill Claims Rules Gives Businesses Another Shot at the Money (10/05/10) The oil spill fund has widened its net and proximity to the oil spill will no longer have any bearing on whether a claim is rejected or accepted.
- BP's Defensive Play: Freedom to Drill, or We Can't Pay Spill Victims (10/01/10) BP's is putting its Gulf of Mexico assets up as collateral to pay for claims from spill victims. There's just one important catch.
- Think BP's Record Pollution Penalty is Big? Just Wait Until the Gulf Spill Fines Hit (10/01/10) BP has settled a record fine with the EPA for chemical pollutants released from the Texas City refinery. Just wait until the fines for the Gulf oil spill start flowing in.
- BP's Management Shakeup: 3 Positive Steps and One Bold Move Not Taken (9/30/10) BP's incoming CEO Bob Dudley missed an opportunity to push the company ahead of its rivals in his management shakeup.
- Why the Gulf Spill and Offshore Drilling Ban Has Big Oil Cheering (9/28/10) ConocoPhillips sees opportunity to snap up oil and gas assets on the cheap in the Gulf of Mexico. But they're not alone.
- What BP Is Doing With Its New "Deepwater Experience" (9/21/10) Just a few days ago, BP's rivals were blasting the company with a slew of full-page ads intended to sell their new oil spill containment system. This week, BP has decided to join them.
- Post-Spill BP: What to Do When Your Rivals Are Out to Get You (9/20/10) BP's Big Oil rivals - Exxon, Chevron , Shell and ConocoPhillips - are gunning for the company with a round of full page attack ads. Here's what BP should do about it.
- BP's New Lobby Tactic: Holding the Escrow Fund Hostage (9/9/10) The offshore oil overhaul bill has BP crying foul and using a tactic that feels a lot like blackmail.
- Oil Spill Report: BP Really Isn't Sharing the Blame (9/8/10) BP's internal probe into the Gulf oil spill rather coyly points the most damning fingers at its contractors without coming across as company trying to avoid any of the blame.
- Lessons from the Gulf Oil Spill: One Smoking Gun Revealed (8/30/10) It's not just the post-spill investigation that's struggle to unravel who was in charge, and when.
- Arctic Oil: BP May Be Out of Greenland, but It's Not Giving Up Yet (8/26/10) BP's Gulf oil spill is starting to impact its exploration ambitions in other promising parts of the world, like the Arctic.
- The BP Oil Spill Costume: Tapping Into Public Outrage (or Not) (8/25/10) How does a company make money by mocking BP without coming off as insensitive? One costume supplier is tapping into the public's desire to protest.
- Gulf Oil Spill: Meddling Scientists Keep Ruining It for BP (8/20/10) BP is sitting quietly on the sidelines, while the federal government and independent scientists square off in opposing studies on how much oil is still in the Gulf of Mexico.
- It's BP vs. Transocean in a Colossal Fight Over Liability for the Gulf Oil Spill (08/19/10) BP is refusing to shield rig contractor Transocean from rapidly rising costs associated with the massive oil spill in the Gulf of Mexico. But it's a fight the oil giant can't win.
- BP Destroys an Industry in a Single Bound (or Boom) (8/12/10) they were BP's saving grace during the Gulf oil spill, now they face bankruptcy thanks to the UK oil and gas company.
- Hints Suggest BP May Resume Gulf Oil Drilling (8/10/10) BP insists it won't try to produce oil from the blown-out well or its two relief wells in the Gulf of Mexico. But that doesn't mean BP won't be back drilling in the same reservoir.
- Workers Sue BP for $10B! (And No It's Not Because of the Gulf Oil Spill) (8/05/10) BP is getting sued by its employees, which isn't the surprising part. It's who and why that's so compelling -- and disastrous -- for the company.
- BP's Oil Spill Bill Just Got a Lot Bigger (8/04/10) There's a simple explanation behind BP's repeated resistance to measuring the size of the Gulf oil spill: 21 billion smackaroos ... and counting.
- What a Smaller BP Will Look Like (7/30/10) BP may be selling $30 billion of its assets, but one critical and defining part of its business will stay the same.
- BP Oil Spill: Hayward's Fall, Dudley's Rise and What It Means for the Gulf (07/29/10) BP sacks Tony Hayward and appoints Bob Dudley as CEO. What will happen to the Gulf oil spill restoration effort?
- BP and the Gulf Oil Spill: Misadventures in Photoshop (7/23/10) BP has documented its role in the Gulf oil spill with hundreds of photos. How many have been photoshopped and why?
- More BP Gulf Oil Spill Conspiracies Flourish -- From Algae Farms to Armed Dolphins (7/13/10) BP and the Obama administration have further restricted access to affected oil spill zones in the Gulf of Mexico.
- BP's Gulf Oil Spill: One Ship Captain's Invention to Battle Tar Balls (7/06/10) One side show in the ongoing Gulf oil spill has been the outpouring of ideas on how to plug BP's Macondo well or improve clean-up efforts -- and the frustration of getting someone to listen to them.
- What You Missed in the BP-YouTube Interview (7/06/10) Buried under all of we've-never-seen-anything-like-this-before talk, Bob Dudley, BP's new man in charge of the Gulf oil spill, managed a few surprisingly candid moments in a recent interview with PBS.
- Conspiracy Theories Behind BP Oil Spill in Gulf -- From Dick Cheney To UFOs (7/01/10) Far from the media spotlight, pulled from the "X-Files" of the Internet, are some of the more interesting and conspiratorial narratives on what -- or who -- triggered BP's oil-spill disaster, now unfolding more than 18,000 feet below sea level in the Gulf of Mexico.
- BP Fined! And It's Not Because of the Gulf Oil Spill (7/01/10) Any doubt that BP's irresponsible behavior pervades the company's operations should have been erased in the wake of the Gulf oil spill -- its third major disaster in the past five years.
- BP Gulf Spill: Why the Boycott Isn't Working (6/29/10) Now a new group of business owners are gunning for BP: Owners of BP-branded gas stations, who have seen sales drop as much as 40 percent since the Gulf oil spill began April 20.
- Apocalypse in the Gulf: Could a Sinkhole Swallow the Deepwater Horizon Well -- And BP? (6/29/10) BP has confirmed that the failed blowout preventer (BOP) on its Deepwater Horizon well in the Gulf of Mexico is tilting sideways at an acute angle 12 to 15 degrees from perpendicular.
- Twitter Schools Joe Barton: What Not to Do During the Gulf Oil Spill Crisis (6/24/10) Rep. Joe Barton -- of "I'm sorry BP" fame -- unintentionally received a valuable lesson Wednesday with his unapology on Twitter: Screenshots trump the delete button.
- BP Gulf Spill: Meet Bob Dudley, the New Man in Charge (6/23/10) Robert "Bob" Dudley, the former Mississippian who was once a candidate to become BP's CEO, will take over the Gulf oil spill response and replace his boss, Tony Hayward, the man who ultimately got the top executive post.
- Why the Deepwater Drilling Moratorium Will Continue (6/23/10) A New Orleans federal judge struck down President Obama's six-month moratorium on deepwater drilling, giving the oil industry a temporary win in the fight to reopen 33 exploratory well projects in the Gulf of Mexico.
- Gulf Oil Spill Puts BP's Deepwater Brazilian Dreams At Risk (6/22/10) The Gulf of Mexico isn't the only deepwater prospect that BP had its eyes on in those pre-oil spill days.
- Transocean's Problems Run Deeper Than Lost Revenue From Gulf Spill Drill Ban (6/22/10) Transocean chief executive Steve Newman said, on balance, the current six-month moratorium on deepwater drilling in the Gulf of Mexico is unlikely to materially impact near-term cash flows.
- BP CEO Tony Hayward Goes Yachting While Its Partner Prepares to Sue Over Oil Spill (6/21/10) Anadarko Petroleum, one of BP's partners in the damaged well that is gushing oil into the Gulf, broke its silence recently with this little ditty: BP acted recklessly and should pay for all of the costs from the spill.
- Gulf Oil Spill: Why Joe Barton Wants to Protect BP and the Oil Industry (6/18/10) Yesterday, Rep. Joe L. Barton, R-Texas, faced CEO Tony Hayward and apologized for what he described as the $20 billion "shakedown" by President Obama for loss claims in Gulf oil spill. Just hours later, he issued an apology for the original apology as the the White House and blogosphere erupted with harsh criticism and Barton's own Republican party turned against him.
- More Pain for BP, Rising Cleanup Costs and Increasing Oil Spill Rates Into Gulf Waters (6/17/10) BP's siphoning success with a second containment system doesn't backstop the U.K.-based oil major's growing financial exposure. Government scientists increased -- for a fifth time -- the estimated daily flow rate of oil spilling into the Gulf of Mexico from the Deepwater Horizon blowout.
- Republicans Love Trial Lawyers, Hate the $20 Billion BP Fund (6/17/10) Some Republicans are grumbling that the $20 billion fund BP created to deal with the Gulf spill is the result of a shakedown by the White House. The real message here: Republicans looooove trial lawyers. Really.
- BP Chairman Cares About Small People! And Learns That Words Can Be as Important as Actions (6/16/10) The tiny positive jolt to BP's reputation following its agreement to create a $20 billion escrow fund to compensate victims of the Gulf oil spill died with six little words from its chairman Carl-Henric Svanberg: "We care about the small people."
- BP's Gulf Oil Spill: Goodbye Dividend, Hello $20B Escrow Fund (6/16/10) BP has agreed to set up a $20 billion escrow fund to compensate victims of the Gulf oil spill, a move that provides a short-term positive boost to its reputation and doles out plenty of long-term pain.
- Hungry for BP Litigants, Law Firms Flood the Web with Phony Sites (6/16/10) Law firms around the nation are hungry to get in on the $20 billion fund BP created today to pay for claims relating to its oil rig disaster.
- Exxon's Blog Debut: We're Not BP, So Let Us Drill (6/15/10) The whole idea of Exxon (XOM) launching a blog is in direct conflict with the company's typical approach to business: cautious, conservative and controlled.
- Gulf Oil Spill: 3 Ways BP Could Suffer From a Federally Administered Escrow Account (6/15/10) President Obama -- and now almost all Senate Democrats -- are pushing BP to immediately inject $20 billion into an escrow account to pay damage claims across the Gulf coast region.
- Gulf Oil Spill: Fears of a BP Bankruptcy Filing Are Overblown (6/15/10) Financial markets are treating BP securities as if a bankruptcy filing was imminent. It's not.
- BP's Gulf Oil Spill: 4 Big Questions CEO Tony Hayward Will Face -- Under Oath (6/14/10) When BP CEO Tony Hayward testifies for the first time before Congress this week, lawmakers won't waste any time initiating a proper beatdown of the U.K. oil company and its management.
- BP's Risk-Management Firm is Really Good at Screwing Over Oil Spill Claimants (6/11/10) ESIS, the risk-management firm hired by BP to handle claims from fishermen, shrimpers and small businesses affected by the Gulf oil spill, is really, really good at its job.
- BP Gaffe of the Week: We Don't Know Why Our Share Price Is Falling (6/10/10) BP released Thursday one of the oddest statements since the Gulf oil spill disaster began. The whole SEC filing kicked off with this statement: "The company is not aware of any reason which justifies this share price movement."
- An Embattled BP Looks "Beyond Politics" to Mislead Public on Oil Spill Details (6/10/10) With BP's successful deployment of the much-hyped "LMRP" cap atop its damaged wellhead, chief operating officer Doug Suttles confidently told Reuters in an interview Friday that this latest containment effort could collect more than 90 percent of the oil leaking from the sheared-off riser piping.
- BP's Hayward Forgets CEO-in-Crisis Rule No. 1: Don't Lie (6/9/10) BP CEO Tony Hayward was so busy defending the company's handling of the Gulf of Mexico oil spill, he failed to follow manager-in-crisis rule No. 1: Check with your own guys on the inside to make sure your assertions of success are in fact accurate.
- BP Wises Up, Agrees to Donate Recovered-Oil Funds to Gulf of Mexico Restoration (6/8/10) A clear-headed BP for once managed to get out ahead of a controversial new issue before it boiled over.
- Gulf Oil Spill: What's Behind BP CEO Hayward's New Plans and Promises (6/8/10) In between the "We're sorrys" and "It'll be alrights," BP CEO Tony Hayward finally got around to what we've all been waiting for: outlining its long-term plans for the Gulf.
- Big Oil's Plan to Survive the Gulf of Mexico Spill: Let's Get Outta Here (6/3/10) The Gulf oil spill has plenty of victims on its hit list: the 11 workers who died on the Deepwater Horizon oil rig; the seafood industry; tourism dollars; and marine life. And now, the rest of the offshore drilling industry.
- Forget James Cameron -- Obama and BP Should Call on The Three Stooges for Oily Success (6/3/10) Daily press releases from BP and the Barack Obama White House serve to underscore respective incompetence on the handling of the Deepwater Horizon disaster spewing out of control off the coast of Louisiana.
- BP's Gulf Oil Spill: The Odds of Fines, Jail Time and the "Death Penalty" (6/3/10) The U.S. Justice Department's criminal and civil investigation into the Gulf oil spill is the start of what promises to be a very long legal process.
- BP Shareholder Dividend in Deep Water (6/3/10) The chances of BP shareholders getting a dividend this year are disappearing under a slick of tar balls.
- BP Gulf Oil Spill: The Worst-Case Scenario Looms for the Company and the Region(6/1/10) It's hard to imagine how the Gulf oil spill could get any worse.
- Obama Takes Command, Buys Some Time and Pisses Off the Oil Industry (5/28/10) President Obama tried Thursday in a televised press conference to allay fears and squelch criticism of his administration's response to the Gulf oil spill.
- Gulf Oil Spill: It's Way Larger Than We Thought -- and Than BP Admitted (5/27/10) The mystery surrounding how much oil has been gushing from BP's deepwater well has been cracked -- in spite of early resistance from the oil company to bother measuring the spill.
- Gulf Oil Spill: BP's Looming Health Problem (5/27/10) BP's oil spill is quickly turning into a regional health issue. Out-of-work fishermen hired by BP to help with the Gulf of Mexico oil spill cleanup are now reporting headaches, dizziness, nausea and difficulty breathing after working for long hours near oil and dispersant-contaminated water.
- BP In Charge: Why Obama Can't Take Over the Gulf Spill Cleanup (5/26/10) With every misstep, snafu and outright failure, more environmentalists, lawmakers and even BNET readers have asked, 'Why is BP still in charge?'
- BP Oil Spill Probe Finds One Hot Mess -- or Seven Causes Behind the Gulf Disaster (5/26/10) BP shared this week the first details of its internal investigation into what caused Transocean's oil rig to explode and BP's deep-sea well to fail.
- Now You Can See BP's Live Oil-Spill Feed -- While Watching the Company Squirm (5/21/10) Here's what we know about the Gulf of Mexico oil spill. The official 5,000-barrel-a-day estimate is wrong. The rest is a big mystery because the "official" estimates of how much is leaking and how much BP is now capturing is constantly shifting.
- BP and the Oil Spill: What CEO Tony Hayward is Telling His Employees (5/20/10) A recently leaked e-mail from BP CEO Tony Hayward to employees does give a glimpse into how the company is holding up as it grapples with the Gulf of Mexico oil spill.
- Kevin Costner's Latest Heroic Role: Oil-Spill Cleaner-Upper (5/20/10) Environmental disasters tend to attract actors and celebs like cheap wine draws lushes. Weirdly, though, it looks like two-time Oscar winner Kevin Costner may actually have something of value to offer toward cleaning up the Gulf oil spill.
- BP's Biggest Problem? Safety Lapses Plague Its U.S. Operations (5/18/10) BP's first successful attempt to capture some of the oil leaking into the Gulf of Mexico has been overshadowed -- once again -- by reports of safety lapses in its other operations.
- BP Risks Disaster By Playing Down the Gulf Oil Spill's True Size (5/14/10) Bad news just doesn't stop coming for BP's oil spill in the Gulf of Mexico.
- Will BP Cover All Costs of Gulf Spill? Don't Bet On It (5/13/10) BP says it will pay all the costs associated with its spill in the Gulf of Mexico. But there's good reason to believe that may not be the case. BP admitted as much!
- It Lost an Oil Rig, but Transocean May Easily Ride Out the Gulf Oil Spill (5/13/10) Transocean (RIG), operator of the Deepwater Horizon rig that exploded and sank last month, looks to have adequate liability coverage.
- How Warren Buffett May Profit From the Gulf Oil Spill (5/12/10) Two years ago billionaire investor Warren Buffett's company Berkshire Hathaway (BRK.A) snapped up 8.7 million shares of Nalco Holding (NLC), a move that some speculated, at the time, was a bet on water filtration.
- Gulf Oil Spill: How Transocean Made Its Legal Headache Worse By Playing the Heavy (5/11/10) Transocean's (RIG) legal response in the first 48 hours after its Deepwater Horizon oil rig exploded and sank in the Gulf of Mexico will fuel -- not prevent -- the liability fire against the company.
- Gulf Oil Spill: Some Producers Agree to Higher Taxes, but Not Out of Altruism (5/10/10) Fallout from the Gulf of Mexico oil spill has seemingly wrought its first miracle: The Independent Petroleum Association of America said oil companies may back an 18- to 25-cent per-barrel tax increase that would bolster the Oil Spill Liability Trust Fund.
- BP's History of Oil Spills and Accidents: Same Strategy, Different Day (5/7/10) An Alaskan pipeline burst, a fatal refinery explosion and now a 210,000-gallon-a-day oil leak in the Gulf of Mexico. And there's BP, right smack dab in the middle of all three.
- Gulf Oil Spill Fallout Continues: Virginia's Offshore Drilling Dreams Delayed (5/7/10) Virginia Gov. Bob McDonnell wants offshore drilling. He really, really wants it.
- Dead Zone? what Dead Zone? Pro-Ethanol Champions Green Fuel, Forgets Its Role in Eco-Disaster (5/6/10) Corn and ethanol interests wasted little time extolling the virtues of renewable fuel in the wake of the Transocean (RIG) offshore oil rig explosion that killed 11 people and triggered a spill in the Gulf of Mexico.
- Gulf Oil Spill Is the Reminder We Didn't Need About the True Cost of Oil (5/6/10)If the oil spill in the Gulf of Mexico doesn't remind us, potently, that what we pay at the pump doesn't come close to covering the true cost of oil, then nothing will.
- Gulf Oil Spill: Putting an End to the Big Oil Bailout (5/5/10) The Gulf of Mexico oil spill has left more than BP's reputation and bottom line in tatters. It's also created an interesting trickle-down effect for the rest of the oil industry that may change how companies approach future offshore Gulf of Mexico exploration projects.
- Seven Technologies Used to Clean the Gulf Oil Spill (5/5/10) The oil spill at a BP drilling site in the Gulf of Mexico has morphed over two weeks from a horrific but localized accident to a full-scale environmental disaster.
- How Much Will BP Really Pay to Gulf Oil Spill Victims? (5/5/10) An ongoing charm offensive by BP chief executive Tony Hayward belies a known truth: federal law could limit the British energy giant's liability exposure to victims of the Deepwater Horizon oil spill in the Gulf of Mexico.
- Oil Spill's Ripple Effects Will Challenge Managers Nationwide (5/5/10) A figure that's been repeated all week in oil-spill coverage is that Louisiana's fisheries bring in $2.4 billion.
- Gulf Oil Spill: One More Way to Kill a Climate Bill (5/5/10) The 210,000-gallon-a-day oil leak in the Gulf of Mexico may soon claim another victim: the climate-change bill.
- Gulf Oil Spill Picture Gallery: The Last Four Minutes of the Deepwater Horizon [Exclusive] (5/3/10) The remake of Nightmare on Elm Street may be hot at the box office, but it has nothing on the Nightmare on the Gulf of Mexico: the BP oil spill.
- Gulf Oil Spill: Who's to Blame? BP, Halliburton and the Feds Are All Implicated (5/3/10)
BP, the oil giant operating the drilling rig that blew up and created a massive oil spill in the Gulf of Mexico, has officially taken responsibility for the accident. - BP's Reputation at Risk as Much as the Gulf Ecosystem (5/3/10) These days, you won't hear BP executives saying anything but that their overriding focus is on shutting down the well that is now gushing crude oil into the Gulf of Mexico.
- Gulf Oil Spill: BP CEO Hayward Just Can't Help Blaming Someone Else (4/29/10) BP CEO Tony Hayward's first reaction to the Deepwater Horizon oil rig explosion in the Gulf of Mexico that killed 11 men, was shock. Then came the blame game.
- Gulf of Mexico Oil Spill: BP's $6 Million-a-Day Crisis (4/28/10) BP is spending more than $6 million a day to plug an oil well that started leaking after a Transocean drilling rig exploded and ultimately sank in the Gulf of Mexico. And the oil company is going to shell out a lot more before it's over because the stakes for the environment, its own reputation and the industry are higher than ever.
- Peak Oil Era: Why the Cost and Risk of Oil Exploration Will Keep Rising (4/23/10) Transocean's Deepwater Horizon oil rig -- which exploded and subsequently sank this week -- was pushing the bounds of offshore oil and gas exploration in every possible way.
- Left Behind: BP's Big Oil Rivals Jump Back Into the Gulf of Mexico (10/27/10) Big Oil is jumping back into Gulf of Mexico oil exploration, except for a rather quiet BP. Will BP get crowded out of region or hang tough?
- Back to the Gulf: Chevron Greenlights Ultra Deepwater Drilling Project (10/21/10)
What does Chevron's latest deepwater project say about the future of the Gulf of Mexico? Big Oil is here to stay. - Goodbye, Drilling Moratorium! Hello, Bureaucratic Red Tape? (10/13/10) A federal moratorium on deepwater drilling has ended early. Has anything changed?
- Gulf Seafood: Safety Proclamations Are Still a Bit, Well Fishy (09/02/10) Studies on the safety of post-BP oil spill Gulf seafood are scant and sometimes conflicting. Before issuing the all-clear, the government needs to fund more science and open up its results to debate.
- Florida Banks Hoping to Exploit Gulf Oil Spill to dodge New Regs (07/15/10) Florida banks are trying to exploit the Gulf oil spill to sidestep new financial regulations. Nice try.
- Noble Drilling: A Case in the Pain a Drilling Ban in Gulf Waters May Cause (7/09/10) Noble Drilling (NE) is one of the offshore drilling contractors with front row seats for Act II of the "drilling moratorium" drama playing in a federal appeals court today.
- BP's Gulf Oil Spill: How China and Russia Could Benefit (7/02/10) Two possible buyers are already circling BP: China and TNK-BP, the Russian joint venture with BP.
- Help BP Service Station Owners Repair Their Reputation (6/23/10) All over New England, former Getty service stations are now being transformed into BP outlets. Getty exited the gas business last year and signed a deal with a BP distributor. Bad news for the owners of those stations.
- BP's Oil Spill: Why Americans Will Be Eating More Farmed Shrimp From Asia (6/17/10) Outside of the lucky souls who decided to short oil stocks back in April and the busy manufacturers of the dispersant Corexit, there are few winners in the fallout from the country's biggest environmental disaster. But far away on the shores of Thailand and China, shrimp farmers are likely jumping for joy.
- Gulf Oil Spill: How BP's Dispersants May Contaminate Seafood for Years (6/4/10) BP's decision to dump nearly one million gallons of chemical dispersants into the Gulf of Mexico was probably an earnest, well-intentioned attempt to lessen the effects of this depressingly humongous environmental disaster. But these chemicals are likely to wreak havoc on the the billions of dollars of seafood that comes from the Gulf.
- BP Gulf Oil Spill: No Double-Dip Recession -- Maybe -- but It's Still Going to Hurt (6/1/10) With evidence emerging today that the recovery is growing more robustly, we can probably lay to rest the notion that the Gulf oil spill will cause a double-dip recession.
- Double-Dip Recession After Oil Spill? Not So Fast (5/5/10) The American economy has taken some hard, hard body blows over the past two years, and a major oil spill in the Gulf of Mexico can hardly help.
- Gulf Oil Spill: Local Seafood Industry is at Risk, But Has No Contingency Plan for Port Closures (5/3/10) Buried in the gloomy oil-spill news is the fact that almost a quarter of Gulf seafood beds are currently threatened by the disaster locals are already calling The Black Death.
- Why BP CEO Dudley Should Diss Congress -- For Now (10/26/10) Why new BP CEO Bob Dudley should avoid testifying before Congress -- for at least one quarter.
- BP CEO Bob Dudley Ignores History and Bashes the Media, but Pay Attention Anyway (10/25/10) BP CEO Bob Dudley did more than accuse the media of fear mongering during the Gulf oil spill. Find out what other important and revealing comments he made.
- How BP Incident Commander Thad Allen Manages Disasters (10/21/10) Thad Allen was the government's point man to manage the BP spill, and has run a number of operations during the nation's biggest crises. Learn from the master of disaster.
- BP's Bonus Bonanza: Why Rewarding Staff for Safety is Wrong (10/20/10) BP CEO Bob Dudley's new bonuses-for-safety employee rewards plan is bold - and really flawed.
- Heck of a Job, Obama -- Why Natural Disasters Make the President Seem So Small (10/01/10) Bush and Obama both suffered irrevocable losses in public confidence after natural disasters. Do those failures just reveal the limits of Presidential power?
- BP Oil Spill: Hayward's Fall, Dudley's rise and What It Means for the Gulf (07/29/10) BP sacks Tony Hayward and appoints Bob Dudley as CEO. What will happen to the Gulf oil spill restoration effort?
- Oil for Terrorists: BP CEO Tony Hayward's Odds of Surviving Are Falling Daily (7/14/10) An Irish bookmaker is taking bets Tony Hayward won't last the year running BP, due to his egregious mishandling of the oil spill in Gulf waters.
- BP and Toyota: Leadership Lesson in Disaster Recovery (07/06/10) Wakeup calls can save your career or your company, but only if you actually wake up. No career is without its hiccups. No company goes straight up and to the right.
- BP, Buncefield Illustrate Risk of Ignoring Risk (06/28/10) With so many examples of poor risk-taking, it's clear every business needs to make risk management a central part of strategy development.
- What BP Could Learn From Goldman Sachs About Crisis Management (6/28/10) The disaster in the Gulf is horrendous, but BP and its CEO, Tony Hayward, have made their problems worse-and in the process, provided a lesson in some unconventional thinking about crisis management.
- BP Gulf Spill: Meet Bob Dudley, the New Man in Charge (6/23/10) Robert "Bob" Dudley, the former Mississippian who was once a candidate to become BP's CEO, will take over the Gulf oil spill response and replace his boss, Tony Hayward, the man who ultimately got the top executive post.
- Did BP CEO Spend Too Long Talking to Rocks? (06/21/10) The plight of Tony Hayward, who cannot seem to say a right word, highlights how important communication skills are to business leaders.
- BP's Smart Move: Pulling CEO Tony Hayward from the Gulf Oil Spill Response (06/18/10) BP CEO Tony Hayward hasn't been sacked -- yet. But he'll soon be sent packing back to England as Bob Dudley, BP's managing director of the Americas and Asia, steps in to handle the Gulf oil spill.
- Leadership in the Gulf: What's Needed Now (6/17/10) The political crisis emerging from the Deepwater Horizon disaster now threatens to eclipse the environmental calamity itself. Between the handling of the situation, our collective response to it, and the leadership challenges to come, there's a lot here to psychoanalyze. Let's take a look.
- Every CEO Is Tony Hayward Now (6/15/10) Every CEO I've met recently is grateful not to be in the shoes of BP's Tony Hayward. Most are sympathetic, others notably silent. They are all very glad that they don't have his job right now.
- BP's Quiet Chairman is its Negotiating Asset (6/14/10) BP chairman Carl-Hendrik Svanberg has received considerable censure for his low profile during the Deepwater Horizon crisis, but perhaps the oil company is cleverer than the critics concede.
- BP Oil Spill Crisis Management: How Not to Do it (6/11/10) If you want to know how to make a bad crisis worse, follow BP's example.
- In Defense of BP CEO Tony Hayward (6/10/10) Some incredibly dumb things have come out of his mouth. The president of the United States says he would have fired him by now. BP's stock has tanked to a 13-year low.
- BP Crisis: What President Obama Can Learn From Bobby Jindal (6/10/10) President Obama railed recently against critics of his administration's handling of the BP crisis by arguing that the government has done all it could to get control of the oil spill in the Gulf of Mexico.
- What We Can Learn From the Oil Spill and British Petroleum's Mistakes (6/9/10) The oil spill is so depressingly catastrophic that I find it difficult to think about the aftermath objectively. There are some lessons we can learn from this disaster, though.
- The Real Mess BP Needs to Clean Up (6/8/10) BP CEO Tony Hayward doesn't look like a leader to Harvard Business School professor Rosabeth Moss Kanter.
- BP's Wretched Safety Record: What Will It Take to Change? (6/7/10) Last October, I went to Texas to research the 2005 accident at BP's Texas City refinery.
- BP is Also Too Big to Fail (6/7/10) Welcome to the FTSE 80. That's what we'd have if a fifth of the companies in the FTSE 100 were eliminated.
- BP's Gulf Oil Spill: The Perils of Cutting Corners (6/1/10) Competition from Japan brought a new management philosophy to American industry: Total Quality Management (TQM). Can it save BP?
- BP Oil Spill: A Company Out of Its Depth? (5/4/10) After a disaster like the BP oil spill, it's easy to demonize individuals like CEO Tony Hayward who, when he took on leadership in 2007, promised to focus like a laser on safety.
- Why BP Is Getting Fed Up With Florida Milking It For Advertising Money (7/15/10) BP has managed to plug one gusher: the money hose for Florida to buy tourism ads telling folks their beaches aren't covered in oil.
- BP's Oil Strike Board Game: Marketing No Kid Would Ever Buy Into (7/08/10) Once again, and without even trying, BP has provided us with another valuable lesson in business: The products you create today just might come back and bite you in the ass tomorrow.
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