Chevron, Total testify to UK inquiry on oil spill

Tuesday, October 26, 2010

Executives from three leading oil and gas companies are giving evidence to a panel of British lawmakers considering if the country needs tighter regulation of deepwater drilling. Chevron Corp., France's Total and Danish state-controlled oil and gas group DONG Energy were scheduled to offer testimony Tuesday to Parliament's Energy and Climate Change Committee.

The legislators are investigating the safety implications of the Gulf of Mexico spill in the U.S., and whether the U.K. government was correct in failing to put in place a moratorium on new deepwater drilling in the North Sea.

Last month, the then-outgoing BP CEO Tony Hayward told the panel he believed deepwater drilling was safe, and would be necessary to meet demand for oil and gas.

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