On April 20, 2010 an offshore drilling rig belonging to British global enery company BP plc (known as British Petroleum) exploded and sank two days later. This took the lives of 11 people and caused a massive oil spill. The rig was owned by Transocean Ltd., on behalf of BP. BP has been toiling away to correct their mistake.
On May 11, 2010 — the three companies responsible for the incident were called in to speak in front of Congress. BP, Transocean, and Halliburton all blamed each other. Halliburton built the well casing. Unfortunately there is no answer to the question about how much oil is actually spilling per day. “We?re not going to take any extra efforts now to calculate flow there at this point. It?s not relevant to the response effort, and it might even detract from the response effort,” stated BP spokesperson Tom Mueller. Before the oil spill took place, BP stock was trading at about $60 per share – now it is down to about $45 per share.
In case you are interested about what BP is doing to help contain the spill, you can follow them through social media. BP has been actively updating their Twitter (Link) and Facebook (Link) accounts. In the embedded tweet below, BP showed an aerial picture of a wall that was built to protect Dauphin Island, Alabama.
Aerial picture of the Hesco wall built to protect Dauphin Island, Alabama http://bit.ly/dcaHhH #oilspill #BP