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Saturday, 31 July 2010 - New BP boss vows to stay the course in Gulf clean-up
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    Read more with google mobile : New BP boss vows to stay the course in Gulf clean-up

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology New BP boss vows to stay the course in Gulf clean-up AFP - 1 hour 16 minutes ago Send IM Story Print NEW ORLEANS, Louisiana (AFP) - – Incoming BP boss Bob Dudley Friday vowed the British energy giant would stand by Gulf residents for years to come, as it prepared to scale back clean-up efforts and move to a new phase. Making his first trip to the region since he was named to take over the helm of the British energy giant, Dudley said with no oil leaking into the Gulf of Mexico for two weeks the company's focus was shifting to long term recovery. "We've had some good news on the oil... but that doesn't mean we're done. We'll be here for years," Dudley told reporters in Mississippi, one of the five states hit by the massive oil spill. BP next aims to drown the well in an operation dubbed a "static kill" in which mud and cement will be injected down through the ruptured wellhead via a cap installed on July 15. Dudley confirmed the operation had been pushed back by a day, saying "we are hopeful by Tuesday the static kill will have been performed." US pointman on the crisis, Coast Guard Admiral Thad Allen, said the operation had been delayed as engineers had to clear out debris from the damaged wellhead caused by a recent storm. "Some of the sediment around the sidewalls sort of fell in on itself... It's not a huge problem but it has to be removed before you can put the pipe casing down," Allen said. A further final measure to seal the leak from the bottom by injecting heavy drilling fluids into the casing via a relief well, still in the process of being drilled, will be carried out by the end of August, Dudley said. With the focus now moving towards mitigating the long-term impact of the nation's worst oil spill triggered by an April 20 explosion on a BP-leased rig off Louisiana, Dudley said there would be signs that operation was changing. Miles of boom will be withdrawn from coastlines, and fewer clean-up crews in hazmat suits would be seen on beaches no longer soiled by oil. "So you'll probably see that kind of a pullback. But commitment, absolutely no pullback," he pledged. It remains unknown just how much oil has spilled into the Gulf, with the best estimates putting the amount at between three to 5.3 million barrels. Allen said a team of experts was carrying out an "oil budget" to calculate how much was released, how much was captured and how much has evaporated, adding he hoped the report would be released in the coming days. "It's something we ultimately need to know for the total amount of oil that's out there," Allen said. "Not only because of where it's at and where it needs to be recovered from, but also from a natural resources damage assessment and the long term ecological effects." Dudley will take over as BP's chief executive officer on October 1, when Tony Hayward, who was widely criticized in the United States for his handling of the crisis, hands over the reins. It is the first time that an American has been named to run the London-based company, and in his first interview since resigning, Hayward told the Wall Street Journal Friday he would have liked to have stayed on. "I didn't want to leave BP, because I love the company," Hayward said, before adding that "because I love the company, I must leave BP." "BP can rebuild faster in America without Tony Hayward as its CEO," he said. BP announced Friday it was hiring disaster management consulting firm Witt Associates -- called in after hurricanes Katrina, Gustav and Ike -- to help draw up a long term recovery plan for the Gulf. BP also said Friday it will meet its pledge to set up a 100-million-dollar fund to help oil industry workers who have lost their jobs as a result of a six-month moratorium placed on deepwater Gulf drilling. The first grants from the foundation would be made by September 1, the company said in a statement. Meanwhile, in another encouraging sign for Gulf residents, Louisiana reopened wide swaths of state fishing grounds closed in the wake of the spill after testing the seafood. But some 57,539 square miles (149,026 square kilometers) of federal fishing waters remain off-limits, robbing Louisiana of a key economic lifeline. The US House of Representatives was to vote Friday on overhauling offshore drilling rules and ending a 75-million-dollar cap on energy firms' liability for economic damages from oil spills. The Consolidated Land, Energy, and Aquatic Resources (CLEAR) Act would also deny new offshore drilling leases for up to seven years to companies, like BP, that have poor safety standards. Recommend Send IM Story Print News Search Top Stories New BP boss vows to stay the course in Gulf clean-up Colombian guerrillas propose talks on conflict : video US growth slows fueling recovery fears US economic growth 'welcome sign' but more needed: Obama New boss vows no BP pullback from Gulf oil crisis More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Argentine students crack three-decade-old murder mystery Calcium supplements linked to heart attacks: study US Fed official warns of 'Japanese-style' stagnation At least 140 dead in DR Congo river disaster Shell defends deep-water oil production, as profits soar More Most Viewed » Parachuting donkey shocks Russian beachgoers Argentine students crack three-decade-old murder mystery World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Quark by quark, atom smasher closing in on 'God particle' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! 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