US increases pressure on BP as Obama heads to Gulf Coast

US increases pressure on BP as Obama heads to Gulf Coast

The United States increased pressure on energy giant BP Plc to boost capacity to contain the gushing oil well in the Gulf of Mexico, as President Barack Obama makes a fourth trip to the area Monday, dpa reported.

As public outrage intensifies, Obama will travel to Alabama, Mississippi and Florida, for the first time since the crisis began, on Monday and Tuesday. He is scheduled to address the nation at 8 pm Tuesday.

On Saturday, White House adviser David Axelrod told NBC's Meet the Press that BP should set up an escrow account - administered by an independent panel - to pay claims by workers whose livelihoods and businesses have been impacted by the worst oil spill in US history.

"We want to make sure that the money is independently administered so that there won't be a slow walk on these claims," Axelrod said. "There are people there who live from week to week and whose livelihoods have been taken away from them. We want to make sure that they can get through this."

The US had given BP 48 hours to make greater efforts to contain the well after government scientists said the spill could be twice as bad as previously estimated.

US government scientists said last week that anywhere from 20,000 to 40,000 barrels of oil per day could have been leaking out of the ruptured wellhead since the Deepwater Horizon rig sank to the bottom of the ocean on April 22, following an explosion in which 11 workers died.

The new flow estimate means BP may only be collecting about half of the oil through a containment cap that was placed earlier this month over the leaking pipe, which lies about 1.6 kilometres below the ocean surface.

BP's current plans don't "provide the needed collection capacity consistent with the revised flow estimates," said Coast Guard Rear Admiral James Watson, in a letter made public Saturday, to Doug Suttles, BP's chief operating officer for exploration and production.

BP was expected to respond Sunday to the Coast Guard's demands. "We wanted them to give us a faster plan with greater redundancy and greater reliability as we move forward," Coast Guard Admiral Thad Allen told CBS' Face the Nation.

Obama will meet with BP chairman Carl-Henric Svanberg in Washington on Wednesday. Obama has faced some criticism in the US for choosing not to meet with BP officials since the rig explosion sparked the massive spill.

On Saturday, Obama told British premier David Cameron that his frustration with BP had "nothing to do with national identity," and that he had no interest in undermining BP's value.

British politicians have been uneasy over Obama's anti-BP rhetoric as the company's plunging share price puts a serious dent in the retirement savings of many British households.

Cameron expressed his "sadness" at the ongoing human and ecological damage in the gulf, but also stressed the importance of BP to the economy of not only the United Kingdom but also the United States and other countries.

As the US debates penalties for BP's culpability, regulatory analysts told Bloomberg financial news that BP could likely lose control of its US oil and natural gas wells and also be barred from doing business with the federal government.

The government "will consider whether BP runs these incredibly complicated systems, where accidents can and sometimes do happen, or whether the company has a culture that disfavours safety and environmental compliance," said Michael Wara, a professor of environmental law at Stanford University.

Turkmenistan’s Turkmennebit SC names amount of work performed at trust
Turkmenistan’s Turkmennebit SC names amount of work performed at trust
Spending on gas exploration declined in 2020
Spending on gas exploration declined in 2020
UK voices interest in restoring electric energy sector in Azerbaijan's liberated areas
UK voices interest in restoring electric energy sector in Azerbaijan's liberated areas
Loading Bars
Latest
UK PM Johnson heads to Scotland amid fears of break up of UK
Europe lifts safety ban on Boeing 737 MAX jet
Mexico's richest man Carlos Slim hospitalized with COVID-19
Biden administration temporarily holds some U.S. weapons exports
Kazakhstan boosts exports to Uzbekistan despite COVID-19
Footage of cemetery destroyed by the Armenians in Azerbaijani village of Saray, Gubadly region (PHOTO)
President Aliyev congratulates re-elected President of Portugal
Turkey registers more than 7 400 new coronavirus cases
Russian bank in talks with Iran to boost currency exchanges
Dressing rooms to work, exchange of goods to be allowed in shopping malls starting February 1
EBRD to oversee more SMEs support programs in Kazakhstan in 2021
Trade, economic and investment cooperation between Kazakhstan and Ecuador expanding
German gov't lowers economic forecast for 2021 to 3 pct
Azerbaijan-Turkmenistan MoU boosts relevancy of Trans-Caspian gas pipeline
Armenia’s Metsamor nuclear plant poses potential threat to region – ombudsman
Azerbaijan eliminating damage caused by Armenia in Fuzuli, Aghdam – Trend TV
Azerbaijani State Oil Company to enter new stage of development - minister
Meeting of trilateral group on Nagorno-Karabakh region may be held soon - Russian MFA
Azerbaijan restoring houses destroyed as a result of Armenia’s aggression in Ganja (PHOTO)
Liberating Azerbaijani territories formed new regional reality - Turkish Security Council
Azerbaijan releases footage of Fuzuli district's Khalafsha village (PHOTOVIDEO)
Azerbaijan electricity provider opens tender to attract various services
Depreciation of Georgian REER associates with domestic export goods gaining competitiveness
Kazakhstan's entrepreneurship dev't fund to unite efforts with WB in SMEs support
Work on increasing level of drinking water supply to Uzbek regions continues
Coty to consolidate fragrance manufacturing operations, close Cologne factory
US companies ready to take part in restoration of Azerbaijan's liberated lands (PHOTO)
Кazakh Electricity Grid Operating Company to opens tenders buy spares for vehicles
Turkish low-cost airline eyes to link countries of religious tourism with Uzbekistan
Eurasian Development Bank setting up top priorities for this year’s strategic period
Georgia sees recovery in remittance inflows
National Bank of Georgia sells funds at foreign exchange auction to stabilize lari
EBRD continues supporting SMEs dev't in Kazakhstan
Kazakhstan reports increase in trade with Denmark
Azerbaijani Foreign Ministry grateful to Turkish side
Iran’s Bahar Azadi gold coin rebounds in price
Azerbaijani government's digitalization to favor creation of various projects
Volume of cargo loaded, unloaded in Iran’s Khorramshahr port announced
Iran to launch new projects in tourism, power industry, agriculture fields
Trilateral statement on Karabakh being implemented consistently - Putin
Georgia sees slight increase in export of precious metals - ISET-PI
Contribution to GDP structure of Turkmenistan’s industrial sector revealed
SOCAR Turkey, Middle East Technical University to carry out chemical recycling of plastic waste
Housing prices in Baku decrease
Georgia presents great investment opportunities - Spanish Foreign Ministry
Azerbaijani FM, OSCE MG co-chair from France exchange views on situation in region
JPMorgan to launch UK consumer bank within months
Iranian banks issue big loans to agricultural sector
Azerbaijan liberated its lands from occupation and new opportunities opened up - assistant to president
State Property Service of Azerbaijan to auction small enterprises
Azerbaijan confirms 601 more COVID-19 recoveries
Azerbaijan benefited from cooperation with Turkey in Patriotic War - President's assistant
Houses destroyed by Armenia in Azerbaijan's Tartar being restored - Trend TV reports
Turkmenistan’s Turkmennebit SC names amount of work performed at trust
Iran, Kazakhstan should form join bank to boost trade, transactions - ambassador
Russia remains main exporter of Uzbek textile production
Relationship between Azerbaijan and Turkey - eternal - Azerbaijani president's aide
Uzbekistan’s Statistics Committee, IMF discuss national strategy for statistics dev’t
Demand for Azerbaijani CBA's short-term notes exceeds supply fourfold
Boeing 737 MAX safe to return to service in Europe
Spending on gas exploration declined in 2020
UK voices interest in restoring electric energy sector in Azerbaijan's liberated areas
Armenians built several villas for themselves in Shusha. One of villas belongs to leader of junta, another - to wealthy, corrupt official - President Aliyev
Shuakhevi HPP to play important role in decreasing Georgia’s dependence on imported electricity
Iran would return to JCPOA commitments if others comply - Iranian President
Significant volume of bank loans in Georgia secured with real estate
Georgian JSA Technologies plans to export the product to EU, US and China
Total assets of Azerbaijani banks for 2020 revealed
Azerbaijani banks' reduced total liabilities in 2020
All of us, all people will revive Shusha - President of Azerbaijan
Shusha was our goal and Shusha became our victory - President of Azerbaijan
I said that our victory would be incomplete without Shusha, at that time, during war, I could not say more - President Aliyev
Uzbek-Korean JV to buy spare parts for steam boilers via tender
President Aliyev gives instructions in relation to restoration of Shusha city
FMs of Azerbaijan, Turkey hold phone conversation
We don't need fake history - President of Azerbaijan
They say that Shusha was allegedly handed over just like that, without a fight, that Armenians left Shusha of their own free will. This is a blatant lie - President Aliyev
Russia lifts restrictions on import of Kazakh tomatoes - Kazakhstan's Agriculture Ministry
At that time, minister of defense of Azerbaijan was offshoot of PFPA-Musavat tandem, one of their henchmen. He was first to sell Shusha - President Aliyev
During Shusha operation, hundreds of invaders were killed - President Aliyev
Turkmenistan launches initiative to ensure stable international transport services
Russia’s Tatneft in Turkmenistan opens tender for maintenance
Turkmenistan, Belarus sign co-op program between foreign ministries
Iran reveals COVID-19 data for January 27
If Armenians considered Shusha their own, then why didn’t they create anything there in 28 years? - President of Azerbaijan
Iran’s CBI reveals amount of loans issued by Iranian banks
Shusha was able to preserve spirit of Azerbaijan despite attempts to Armenianize it - President Aliyev
Domestic production increases in Iran
Number of vehicle re-export from Georgia down
Goldman Sachs loses legal fight against EU cartel fine
President Aliyev receives in video format Aydin Karimov on his appointment as Special Representative of President in Shusha district (PHOTO)
Iran's government voices support for local stock exchange
Iran boosts its exports via Kurdistan Province
EU and FAO work together to increase farm productivity across Georgia
Foreign, local investors showing more interest in Azerbaijan's electric power engineering
Uzbek agro-industrial agency announces tender for well construction
Uzbekistan’s 2020 volume of market services increased
LG Display reports stronger profit on iPhone demand, rising panel prices
Azerbaijan’s gas exports to Turkey up by over 23%
Share of gross regional product in Uzbek regions for 2020 revealed
All news