BP says the most significant damage appears to be to the Mad Dog spar which was directly in Hurricane Ike's path. Mad Dog's drilling derrick, which sits atop the platform, was toppled and is on the ...

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BP is undervalued with a low P/E ratio, high yield, and bullish technical indicators, despite recent underperformance and mixed earnings results. BP's management plans a strategic reset, including ...

NEW YORK (Reuters) - BP said the drilling derrick on its Mad Dog oil platform in the Gulf of Mexico was toppled and resting on the sea floor after Hurricane Ike. "Mad Dog's drilling derrick, which ...