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Thanks to the Gulf of Mexico oil disaster, BP has reported an all-time record loss of 17-billion dollars in the second quarter of 2010. Due to public and political anger over the spill, CEO Tony Hayward has been forced out as head honcho. Current executive in charge of clean-up efforts, Bob Dudley, will take the reins as the firm’s first non-British leader in October.

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The Gulf oil spill may be under control, but final capping methods have been delayed by tropical storm Bonnie. Ships working at plugging the leak permanently with mud and cement have been ordered to evacuate the region until the inclement weather has come and gone. Efforts could be postponed for anywhere between seven to twelve days.

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The Gulf of Mexico oil spill has put a permanent greasy smudge on BP’s record, but it’s become a blessing in disguise for American oil firm Apache Corp. BP has announced that it’s reached a deal to sell 7-billion dollars in assets to Apache to cover the growing costs of the Gulf clean up.

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