In April, BP’s exploration rig off the U.S. coast caught fire, killing 11 people and causing a mile-deep oil spill that the oil giant has so far failed to plug.
Already, Indian explorers are beginning to feel the effects.
Mr. Sharma said the company was closely monitoring operating procedures but did not elaborate. His concerns are justified.
Full Story: What the BP Gulf Oil Spill Means for India - Wall Street Journal (blog)
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The incident, which began with concerns of toxic drilling chemicals leaking into the sea and became a catastrophic oil spill, has brought the British oil major to its knees as compensation costs rise.Already, Indian explorers are beginning to feel the effects.
Mr. Sharma said the company was closely monitoring operating procedures but did not elaborate. His concerns are justified.
Full Story: What the BP Gulf Oil Spill Means for India - Wall Street Journal (blog)
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