BP says 'throwing everything' at oil spill disaster

9th June 2010, Comments 0 comments

British energy giant BP said on Wednesday it was "throwing everything" at helping fix the US oil spill disaster, as it revealed that world oil demand sank last year for the first time since 1982.

"BP is working closely with governments and private sector experts to stop the flow of oil and to minimize the damage to the environment," BP chief executive Tony Hayward said in an introduction to its global outlook report.

"We are throwing everything we have at mitigating this disaster. Our thoughts are with those who have lost loved ones, and those whose livelihoods have been disrupted.

"We are determined to set right what has gone wrong and to learn from the tragedy. Eventually, we will succeed, and eventually, this disaster will lead to a safer and better energy world."

BP has faced fierce criticism over its handling of the worst oil spill in US history, particularly from US President Barack Obama.

Meanwhile, the group said Wednesday that worldwide energy consumption -- of coal, oil, natural gas, nuclear and hydro power -- sank by 1.1 percent last year because of the global economic downturn.

That was the first drop since 1982 and the largest in percentage terms since 1980, BP said in its 'Statistical Review of World Energy 2010'.

"Global economic recession drove energy consumption lower in 2009 -- the first decline since 1982," the group added.

"As with the economic contraction, the decline in energy consumption was concentrated in OECD countries and the territory of the former Soviet Union."

The Organisation for Economic Cooperation and Development (OECD) refers to the Paris-based grouping of leading industrialised nations.

© 2010 AFP

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