Saturday, February 26, 2011

Lawsuit says official security BP resigned

Saturday, February 26, 2011
A former official with BP drilling in the Gulf of Mexico was just spill a few months before last year's oil spill due to disagreements with the oil giant about his commitment to security, according to a federal class action relating to the.  This week filed documents in Houston claim Kevin Lacy, BP's former senior Vice President, drilling for the Gulf of Mexico, a mutual agreement reached with the company in December 2009 resign because he believed that the company improperly protocols in offshore drilling operations at the level of industry of peers was committed to improve security. The deepwater horizon rig explosion occurred on 20 April 2010, killing 11 workers and causing the worst in U.S. history oil spill.  The claims come in a modified version, originally filed last year the lawsuit, stock says BP inflated by hiding information and false and misleading statements about its security practices before the Gulf of Mexico oil spill. BP stock value declined about half after oil rig explosion and spill.  BP spokesman Daren Beaudo rejected an opinion on the complaint. The lead plaintiff in the suit, individual investors and the pension system of Oklahoma police are public pension funds in New York and Ohio. Similar actions by the various plaintiffs were originally were stored in New Orleans, but consolidated and moved to Houston Federal Court. The amended complaint asserts that a corporate reorganization which started in 2007, led security budgets in many layoffs and cuts "much safe to drill would have the ability of the company in the Gulf of Mexico."  "Lacy's departure from the Gulf of Mexico drilling unit in December 2009 was drilling unit BP Gulf of Mexico other additional and comprehensive reorganization of personnel." "so that by the time of the incident deepwater horizon, four out of five of BP's senior drilling officials for the Gulf of Mexico your posts for a few months, according to the complaint have been".  The action calls to cuts and layoffs in safety programs and budgets witness of confidential information. The suit, said Lacy, to improve join BP in 2007 and to standardize its drilling had been recruited an experienced drilling engineer, had implemented a rigorous security drill program at Chevron, policies and protocols. Lacy was unavailable for comment.  The amended complaint listed several accidents and security issues BP had prior to the oil spill have happened earlier in other complaints and investigations of the oil giants. The oil rig blast have led to more than 200 million gallons of oil from BP's well spewing a mile below the Gulf of Mexico, according to Government estimates.  Has the Department of Justice is conducting ongoing criminal investigations and some by the parties sued. A presidential Commission has examined the spill last month that rig, owner Transocean Ltd. and contractor Halliburton co. led management failures at BP, to the blowout and explosion. BP own investigation said the fault under itself, Transocean and Halliburton.

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