US Gulf of Mexico report points to long-term impact for industry

As the regulatory restructuring continues for US offshore drilling, Pauline McCallion looks at the potential implications of the Presidential Commission’s final report on the BP Horizon Spill

BP deepwater oil rig

The oil & gas industry is blighted by a systemic failure in risk management, according to the independent commission appointed by US President Barack Obama to investigate the events of April 20, 2010. The explosion that ripped through BP's Deepwater Horizon drilling rig that day, killed 11 crew members and unleashed an environmental disaster that became the biggest offshore spill in US history. Even now, after the estimated 4-million barrel leak into the US Gulf of Mexico has been plugged, the

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