Open

Coming up

Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Qatar Airways CEO: Traditional airlines 'inefficient'

Read more

BEYOND BUSINESS

Gastrodiplomacy: is French food losing its flair?

Read more

THE WORLD THIS WEEK

Viva La Evolucion! US and Cuba Move to Normalise Ties

Read more

LIFESTYLES

Creative Christmas confections

Read more

WEB NEWS

Web users react to Cuba and the US normalizing relations

Read more

WEB NEWS

Connected toys are a must-have for Christmas

Read more

IN THE PAPERS

The 'world’s unluckiest man' turns misfortune into a golden opportunity

Read more

IN THE PAPERS

Better not get sick this Christmas!

Read more

#THE 51%

Are toys really us?

Read more

Americas

Timeline of Gulf of Mexico oil spill disaster

Text by FRANCE 24

Latest update : 2010-07-29

A timeline of the BP oil spill disaster.

April 20: Explosion on the Deepwater oil rig in the Gulf of Mexico sets off the worst oil slick in US history.

May 3: Reinsurers give their first verdict on the cost of the catastrophe: between 1 and 1.5 million dollars.

June 1: After several unsuccessful attempts at stemming the leak, BP warns that oil could flow into the Gulf of Mexico until August.

June 9: US Congress opens an inquiry into the oil slick and BP’s responsibility in the disaster. The White House orders BP to submit a calendar of operations and an assessment of the chances of getting the spill under control.

June 17: BP’s CEO, Tony Hayward, testifies before US Congress. The share price of BP falls three days in a row before reaching a historical low of $27.05 on June 19.

July 11: BP announces that it is in talks with Apache to sell 12 million dollars of its assets to reduce its debt.

July 15: BP announces that it has succeeded in containing the oil spill, nearly four months after the explosion.

July 26: Tony Hayward announces his resignation, effective October 1. He will be replaced by an American, Bob Dudley.

Date created : 2010-07-29

COMMENT(S)