July 27th, 2010
04:55 PM ET

Outgoing BP executive blames 'many companies' for Gulf crisis

Allan Chernoff

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/WORLD/europe/07/27/bp.hayward.blame/story.hayward.afp.gi.jpg caption="Hayward: "Many companies" in energy industry responsible for Gulf oil disaster" width=300 height=169]

Outgoing BP Chief Executive Officer Tony Hayward declared Tuesday that the Gulf of Mexico oil well disaster represents a failure for the entire deepwater oil and gas drilling industry, not just for BP alone.

"The industry needs to re-evaluate safety," Hayward told investment professionals in a webcast. His comments came after the BP board decided to replace him October 1 with Robert Dudley, the head of the company's Gulf cleanup effort. "Everyone will re-evaluate the business model to reduce risk associated with deepwater drilling," Hayward added.

BP maintains that it alone does not deserve all the blame for the April 20 accident and its aftermath, and it intends to pursue legal action to have drilling partners share in the cost of containment and cleanup. Those partners include Transocean, which operated the rig; Cameron, which built the blowout preventer that failed to shut down the well; and Halliburton, which cemented the oil drill into place underwater.

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Filed under: Gulf Oil Spill
soundoff (One Response)
  1. Denise

    Wouldn't you know it. Always willing to point the finger at someone else and not take responsiblity for their own actions. Oh, and by the way, IMO, they deserve ALL the blame.

    July 27, 2010 at 5:07 pm |