BP, Contractors ‘Breathtakingly Inept,’ Reilly Says
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BP Plc, Transocean Ltd. and Halliburton Co. were “breathtakingly inept” and made mistakes that were “largely preventable” at the doomed Macondo well, a leader of a panel investigating the disaster said.
The U.S. shares blame for the April blowout and spill because it lacks the ability to maintain adequate oversight of the oil industry, William K. Reilly said today in remarks prepared for an industry conference in New Orleans. Oil companies should set up a self-regulating body to work with the U.S. on increasing deep-water drilling safety, he said.