BP


BP losing online fight to clean up corrosive PR

BP continues to flounder in crisis management mode, with the beleaguered petrol giant desperately using every online trick in the book to counter a seemingly endless stream of bad PR.

Business As Usual: Iron ore market not shipshape … BP continues to bleed … Coffee price high …

In today’s business news Chinese steel companies continue to cut their ship chartering for iron ore and coking coal, BP’s share price hits a new low and New York Arabica coffee futures hit a 12 year high.

Where has BP’s chief gone?

One day he was swanning around on his yacht, the next he failed to show up at a major oil industry conference. Why is BP boss Tony Hayward continuing to damage his — and his company’s — reputation?

The most hated companies in history

BP may currently be the most despised company in the world, but it’s not alone in the hate stakes. Some classic US companies also rank in the top hated historical list, like Blackwater, Halliburton and Microsoft.

VIDEO: BP spills a coffee

Yes this video has been viral for awhile now, but it’s such a good one, it’s a shame if you haven’t seen it yet: BP’s board room cope with a coffee spill.

Worst case BP spill scenario actually far worse than BP admits

BP’s actions on the oil spill are looking even more dodgy, with an internal BP memo revealing that crude oil may be pouring out of the Gulf spill at the rate of 100,000 barrels per day.

Business As Usual: Upgrade for Rio Tinto … still gloom about Europe … newspapers chase government bucks …

A big French bank has upgraded Rio Tinto, sovereign risk and all, stress test for banks, big global investors are gloomy about Europe, newspapers chasing dollars from government coffers and other business news.

BP boss defends himself (poorly) in Congress

BP boss Tony Hayward faced up seven and a half hour grilling by the US Congress over the Gulf spill and BP’s reaction to it. Of course, he blamed others for the environmental mess.

Republican apologises to BP

Republican Joe Barton apologised in Congress for the government’s treatment of BP since the oil spill, before quickly retracting the apology. Are the Republicans really going to side with BP on this matter?

Who’s gonna save me? The Oils are gone, and the oil spill won’t stop

Twenty years ago Midnight Oil sang out to Exxon Oil executives in New York City. With the latest oil spill not stopping, who’s going to save us now, asks < Stuart Nettle?

Crikey Says: Keep praying, Louisiana

A presidential speech from the Oval Office usually falls into one of two categories: the commander-in-chief is responding to an immediate crisis, or he’s trying to change the dynamic of an ongoing one.

LIVE STREAMING: Obama speaks on the oil spill

Barack Obama makes an official address to the nation on the state of the BP oil spill in the Gulf of Mexico.

Deepwater Horizon’s a “nightmare well”

Internal BP emails reveal Deepwater Horizon had known safety problems and deliberate shortcuts were made by BP to cut costs.

Friedman: The spill isn’t BP’s fault

Blaming BP for the oil spill just misses the entire point of the problem: America is too reliant on non-renewable energy and we (politicians and the public) encouraged these businesses, says Thomas Friedman.

BP need to pay for this, US$20m should cover it

The Democrats are demanding BPs put aside a huge chunk of cash to a third party organisation tp help clear up the Gulf spill long term. Will the move help to hold BP accountable?

Business As Usual: Business as Usual: BP shares slide again … Britain slashes growth forecast, while Moody’s junks Greece rating …

Democratic congress pressure on BP to underwrite clean-up … Britain cuts public borrowing estimate to £155 billion; France tightens the reins too … Moody’s junks Greece rating …

BP prices plunge deeper into the oil

BP’s dropping share prices — including a 9% fall overnight — have investors either madly selling their shares or buying up in the hope of a long term profits. Can BP flip this PR disaster around?

We’re gonna need a bigger boat…

BP is collecting so much oil from its ruptured pipeline in the Gulf that it doesn’t have a big enough tanker to hold the captured black gold. Is Obama not doing enough to hold BP responsible?

BP is here to help, Google told me so

BP is spending $10,000 a day buying out the top adwords on “oil spill” searches on Google. Although it is PR genius, is BP’s manipulation of the information super-highway obstructing the real news?

Video of the Day: A slick ad for BP

A nice take on the BP ads where regular folk ask questions about what they would ask of an oil company. Except in this one, there’s just one slick addition to the standard BP ad …

Why ‘Deepwater Horizon’ is a crap name

Despite the massive amounts of publicity, no one seems to be able to agree on a ‘proper’ name for the disaster in the Gulf. Wikipedia calls it Deepwater Horizon, but should its name, like the Exxon Valdez, eternally pin BP to the catastrophe it caused?

Business As Usual: NAB sees future in US … China’s monthly check up … Murdoch buys more UK TV channels …

Inflation is tipped to rise in China, Murdoch’s BSkyB picks up some Virgin Media businesses,BP’s spending plenty on lobbying and other business news from around the globe.

How should BP be punished?

BP screwed up royally with the Gulf of Mexico oil spill. While the government is likely either fine it or pursue criminal prosecution (or both), Slate readers have some revenge ideas of their own.

Can the oil spill force the US into a climate policy?

America never lets a crisis go to waste and now Barack Obama is trying to use the Gulf of Mexico spill to push his case for a cap and trade scheme. Will it work?

BP faces criminal probe: shares slump by 15% to nearly 40%

BP’s prospects worsened overnight as stock markets punished the company for the weekend failure to cap the oil leak in the Gulf of Mexico.