(EnergyAsia, August 20 2010, Friday) — BP’s oil leak in the Gulf of Mexico, now deemed the worst environmental disaster in North America, will sharply raise the cost of insurance for offshore activities, which could force companies to self-insure or abandon deepwater drilling and exploration. Since the sinking of the Transocean Deepwater Horizon rig on…
MARKET: Gulf of Mexico oil disaster prompts insurers to reassess underwriting cost
Posted on August 19, 2010 by EnergyAsia