Gulf Disaster: Comparing Regulatory Climate
The Deepwater Horizon disaster in the Gulf of Mexico occurred off the coast of the United States, but a similar incident could happen anywhere there is offshore drilling.
The Deepwater Horizon disaster in the Gulf of Mexico occurred off the coast of the United States, but a similar incident could happen anywhere there is offshore drilling. When you hear former BP Chief Executive Tony Hayward say in a BBC interview his company’s response to the Deepwater Horizon rig accident in the Gulf of Mexico was insufficient.
"We were making it up day to day,” Hayward said of BP’s rescue plan.
Read more: Gulf Disaster: Comparing Regulatory Climate
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey