Friday, April 15, 2011

Market value has shrunk by a criminal investigation or to have been drowned BP.

<P Align=center> </ P> <P> a "Green Peace" organization volunteers had almost dried grease on the two big letters wrote - "BP". .Referred to the British oil company BP, is the Gulf of Mexico "oil spill" the first place. .</ P> <P> as British Petroleum (BP) announced that the Gulf of Mexico oil spill for the closure of the "top kill" project has failed, the stock opened on June 1 after plunging nearly 17% .to the lowest point in more than a year. .U.S. Department of Justice announced on June 1, BP has launched the dual civil and criminal investigations. .Analysts predict that the oil giant may collapse. .</ P> <P> market value has shrunk dramatically </ P> <P> BP, June 1 statement, which suffered heavy losses due to oil spill in the Gulf of Mexico, "Business has so far cost about 990 million U.S. dollars, oil spill response, containment .pollution, such as the payment of compensation ", the other is still difficult to estimate potential losses. .</ P> <P> after the opening day of the company's stock plunging nearly 17%, which means that only compared with the previous trading day, BP's market capitalization fell to 135.8 billion U.S. dollars from 112.4 billion U.S. dollars, has shrunk as high as .23.4 billion. .If you start with the Gulf of Mexico oil spill six weeks ago, the company will shrink the market value of more than 1 / 3, that is $ 67,000,000,000. .</ P> <P> British Petroleum has the largest market capitalization companies in Britain, but also one of the world's largest oil company. .The company's credit rating to AA-level, close to the non-sovereign debt credit rating of the most advanced. .But the BP oil spill incident debt default protection costs have risen sharply. .BP's five-year credit default swaps of debt (CDS) to expand the day of 71 basis points to 173 basis points. .</ P> <P> some analysts say, in addition to direct economic losses, the firm may also face a record high fine. .It is learned that, even if the leak can be controlled immediately, the British oil company also faces fines of up to 480 million to 1 billion U.S. dollars. .</ P> <P> Arbuthnot Banking Group, the UK oil industry analyst Dodge Jansen said: "For BP, this matter has not limited the impact of the dividend reduction and chief executive Tony .Hayward to step down, but the smell of death revealed. This enterprise may collapse. "</ P> <P> subject to civil and criminal investigations </ P> <P> U.S. Attorney Eric Holder June .1 announced the federal government has launched the Gulf of Mexico oil spill in criminal and civil investigation will be "comprehensive and positive." .Obama said the same day, if the oil spill in the Gulf of Mexico and the devastating consequences of casualties caused by the offense, he will represent the victims and people in the Gulf of Mexico requires the offender to justice. .</ P> <P> day, Obama met with spill 席鲍勃格雷 Commission Co-Chairman Graham and Weilianlaili. .Obama said that the Committee to fully investigate how the operation of oil and gas companies, government how to regulate them. .He asked the Committee to complete its investigation within 6 months of the report suggested. .Obama also pointed out that "if the existing laws not enough to prevent such oil spills, must revise relevant laws; if the problem is not fully in the supervision of law enforcement agencies, these agencies to be reorganized." </ P> <P> Hall .German said the investigation will involve all aspects of oil spill, including the death of 11 workers. .He also disclosed that the Justice Department will investigate whether the violation related to the "Clean Water Act", "Oil Pollution Act" and "Endangered Species Act" and other laws and treaties. .</ P> <P> BP said in a statement, the Justice Department the company will actively cooperate with any investigation, as the company has expanded in other surveys done. .</ P> <P> According to U.S. government estimates that British Petroleum in April this year, the use of "Deep Horizon" rig explosion caused by the oil spill has so far led to 20 to 44 million gallons (U.S. 1 gallon equals 3.785 liters) .crude oil into the Gulf of Mexico waters. .AP reviews, this most serious environmental disaster in U.S. history to tremendous pressure on the administration, Obama is stepping up its response. .</ P> <P> still try new methods </ P> <P> the injection of high-density liquid plugging the "top kill" already failed, BP 1 June to introduce new measures to contain the spill: .submersible robot to send the damaged oil pipeline cut off point, with a funnel-shaped device covering the leakage of crude oil, and then breathe through a siphon crude oil on the sea for collection. .</ P> <P> Robert Dudley, managing director of the company the same day in an interview with NBC television, said the new program's success rate in the "top kill", and the risk is relatively low. .Although the program can not completely block the leak of crude oil, but it can recover most of the oil spill. .</ P> <P> U.S. Coast Guard commander, commander of the oil spill disaster, said Thad Allen 1, BP was the first major day of cutting, the new facility is expected to be completed and begin recovery of oil requires approximately .3 days. .</ P> <P> British Petroleum High Tors for Humanitarian Hargeisa that the "top kill", the new technology used in the program has never been the location of the spill point --- more than 1500 meters under the sea .Department used the results can not be guaranteed. .However, he said, because from the failure of "top kill" the lessons learned in the program, the program "very promising" success. .</ P>.

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