US oil spill report recommends risk management changes

Presidential commission suggests reforms to address oil sector risk management after BP Gulf of Mexico spill investigation

The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling released its final report yesterday, which called for stricter standards throughout the oil and gas sector and better oversight of the industry.

The Commission said the disaster was avoidable and, while it laid the blame squarely at the door of the three major parties involved in the well – BP, Halliburton and Transocean – it also pointed to “systemic” safety issues within the industry that it said should be