Sunday, after several reports were released that Tony Hayward, BP’s chief executive is leaving BP, BP released its own statement that their full support is behind Hayward.
BP has a board of directors meeting scheduled for Monday, and according to the New York Times the first order of business is the future of Tony Hayward with the massive oil company.
Since the oil rig explosion on April 20 and the massive oil spill in the Gulf of Mexico, Hayward has made several mistakes that have infuriated the government and the residents along the Gulf Coast. Over the past few months, he has retreated somewhat from the spotlight at BP and was pulled from the day-to-day leadership over the oil spill cleanup in the Gulf of Mexico. This had made many people speculate about what he is doing for the oil company.
Sunday morning, CBS Sunday Morning and the BBC reported that Hayward is trying to negotiate the terms of his BP contract. The BBC reported that Hayward is "negotiating the terms of his exit, with a formal announcement likely within 24 hours."
Sunday, BP has thrown their support behind Hayward and told this to CNN:
"Tony Hayward remains our chief executive and has the full support of the board and senior management," said company spokesman Mark Salt.
BP is expected to top release their half-year results on Tuesday, and there are several reports that state that Hayward’s BP future will be announced then. This isn't the first time that speculation about Hayward leaving BP has occurred. For more on that story, click here.
Saturday, as Tropical Storm Bonnie weakened in the Gulf of Mexico this weekend, the containment cap has continued to hold even through the stormy weather over the past few days.
A week ago BP was able to completely stop the oil spill with the new containment cap and said that they were conducting a 48 hour test. Saturday, BP announced that the containment cap may hold the oil for a longer period. For more on that story, click here.
A US Navy blimp will be used in the Gulf of Mexico to help detect where the oil is on the surface of the water. The 178-foot long blimp will help to reduce fuel costs, and can stay in the air longer than the airplanes that are currently doing the job. For more on that story, click here.
The world’s largest oil skimmer was in the Gulf for testing and assigned a 25 square mile area to separate oil from the water; the A Whaler has the capacity to skim 21 millions of gallons of oil per day. Results from weekend testing were inconclusive because of rough waters in the Gulf, and will be extended for the next few days. If approved, BP intends to lease the Taiwanese vessel to help with cleanup in the Gulf. The vessel was built this year and it is twice as long as the Titanic. For more information on the vessel, click here.
To see incredible photos of the oil spill in the Gulf of Mexico, click here.
To see photos taken recently of the oil spill that hit the Louisiana coastline and the wildlife it has affected, click here.
Scientists from the Environmental Protection Agency (EPA) met with BP to discuss the chemicals that are being used to break up the oil spill that sits on top of the water in the Gulf of Mexico. Thursday, the EPA released its findings on the toxicity testing on eight dispersants used in the Gulf. The findings showed that the chemicals placed in the water without oil did not disrupt marine life, but more tests are needed to show what happens when the chemicals are mixed with oil. For more on that story, click here.
The state of Louisiana asked BP to pay for the mental health costs of residents in the state because of the oil spill, but BP isn’t paying. A suicide occurred because of the oil spill and loss of income occurred in Louisiana. Captain William Allen Kruse committed suicide, after his life and lifestyle changed dramatically because of oil spill in the Gulf of Mexico. For more on his story, click here.
Actor Kevin Costner has invested about $26 million into his Ocean Therapy Solutions machine, and six of the machines were sent to the Gulf for testing. BP ordered 32 more machines that recycle water to separate the oil. For more information on this story, click here.
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Source: CBS News, CNN, BBC and the New York Times
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