Offshore drilling in very deep water

- "Big Oil has had a terrible year so far. The explosion on 20 April that killed 11 men and sent BP’s Deepwater Horizon drilling rig to the bottom of the Gulf of Mexico set off an environmental, commercial and political firestorm that may take years to extinguish. The catastrophe raises uncomfortable questions
about the offshore oil and gas sector’s operational safety standards, about the regulatory frameworks within which it works and, by no means least, about the insatiable demand for energy that increasingly is sending exploration companies into more difficult and potentially hazardous territory."

ABNAmro Energy Monthly Sep2010

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