|BP plc doing its homework on dealing with the largest possible Atlantic oil spill|
|Wednesday, 12 October 2011 07:57|
Business News Roundup: BP plc, Slovakia and the ESFS, draconian European banking regulations, M&S return to France.
BP plc (LON:BP), still unable to recover fully from its last disaster, is making contingency plans to fight the largest oil spill in history.
BP is preparing to drill more than 4,000 feet down in the Atlantic in wildlife-rich British waters off the Shetland Islands.
Internal company documents seen by The Independent show that the worst-case scenario for a spill from its North Uist exploratory well, to be sunk next year, would involve a leak of 75,000 barrels a day for 140 days – a total of 10.5 million barrels of oil, comfortably the world's biggest pollution disaster, writes the Independent.
While a disaster on paper, it is good that BP is taking its preparations on the matter seriously.
Slovak government says no to enhanced EFSF
Draconian measures for European banks
M&S returns to France
On the corporate reporting front…
Newer news items:
Older news items:
Follow @theSMExpert on Twitter
Latest From SME Web
- Sony considers giving up part of entertainment arm
- SSE plc's rise in profits angers customers
- Marks and Spencer Group plc looking to turn around clothing sales with new autumn and winter collection
- Yahoo! Inc's acquisition of Tumblr shows that the digital media company "means business"
- Majority of UK business owners would set out on their own again despite difficulties
- Rise in complaints from small businesses about bank loans