SHARE
COPY LINK

OIL SPILL

Profile: BP’s ‘invisible’ Swedish chairman

When Carl-Henric Svanberg jettisoned telecoms giant Ericsson for British Petroleum last year, he could not in his worst nightmares have forecast the severity of the spotlight in which he now finds himself, writes AFP's Odile Duperry.

Profile: BP's 'invisible' Swedish chairman

BP chairman Carl-Henric Svanberg, who has largely kept a low profile over the Gulf of Mexico oil spill, is now in the limelight, having been summoned to Downing Street and the White House.

Described in the Financial Times newspaper on Saturday as the “hitherto invisible chairman”, Svanberg had a telephone conversation with British Prime Minister David Cameron and went to see finance minister George Osborne in Downing Street on Friday.

The day before, he had been invited by the US authorities to see President Barack Obama on Wednesday.

The Swede, 58, could scarcely have imagined such as scenario when he took up the BP chairmanship one year ago.

Having spent 16 years working in the security lock industry, Svanberg took over as chief executive of telecoms firm Ericsson in 2003 and helped turn it into a global giant in the field.

The ice hockey fanatic’s efforts led him to be dubbed the “Swedish Richard Branson”, after the Virgin boss.

Svanberg was appointed in June 2009 and took over from the flamboyant Peter Sutherland on January 1, 2010. His arrival was well received by analysts, with senior trader and commentator Manoj Ladwa of ETX Capital saying it was a smart move for BP.

Svanberg “has a good track record at Ericsson, reviving the fortunes of a struggling giant. He is a safe hand on the tiller as BP navigates some very stormy waters and rebuilds its operational strength,” he said.

His lack of experience in the petroleum sector raised few eyebrows at the time, though his environmental knowledge was flagged up, as he was a member of the Earth Institute of Columbia University in New York.

And at Ericsson, he created a culture of interest in environmental concerns.

He also told The Times newspaper that it was vital for businesses to play a role in protecting the environment, saying: “As citizens of the world I don’t think we can just sit back”.

But since the Deepwater Horizon oil spill disaster began on April 20, Svanberg has been notable by his low profile. The Independent newspaper on Saturday called him “the invisible man”.

Andreas Cervenka, of Sweden’s Svenska Dagbladet newspaper, accused him of “ostrich tactics”.

Svanberg also ruffled feathers at a conference when he said he was expecting “a smoother ride” at BP.

During the last few weeks, he has emerged from the shadows, starting by explaining that BP chief executive Tony Hayward was first in line, saying “to avoid misunderstandings, we must speak with one clear voice”.

He also gave an interview to the Financial Times and took part in an investors’ conference where he expressed his support for Hayward.

But the scale of the Deepwater Horizon disaster — which has gone beyond being simply an environmental issue — has obliged Svanberg to take his turn on the front line.

After his talks with Osborne at Downing Street, Svanberg was initially reluctant to comment but told broadcaster ITN: “I think we have done everything we can to try to fill the well, and we have said we would do everything expected from us in cleaning up the beach, taking care of all the claims and learn from this incident and make deep-sea drilling an even safer place.”

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

OIL

Out-of-control barge nearly trashes BP rig

An enormous 110m barge came within less than two kilometers of crashing into an oil platform in the Norwegian North Sea on Thursday afternoon, in the second dramatic incident to hit the industry in less than 24 hours.

Out-of-control barge nearly trashes BP rig
Eide Barge 33 is unmanned and normally towed by a tug. Photo: Eide Marine
The 110m-long barge, owned by the company Eide Marine, careered past BP’s Valhall oil platform at just past midday on Thursday, narrowly missing causing a potentially catastrophic oil platform disaster. 
 
“It’ll be a much better New Year’s Eve now than I had feared,” BP spokesman Jan Erik Geirmo told VG newspaper after the near-miss. “It’s been nerve-wracking, so we are relieved.” 
 
BP evacuated the 85-strong skeleton staff it had left on the platform by helicopter on Thursday morning, shutting down all production, after efforts to bring the barge under control failed, leaving it on course to hit the platform. It had already evacuated 150 staff on Wednesday night. 
 
“At 12:24 hours, we got the message that the barge had passed clear of the platform at a distance of about 1 nautical mile,” Anders Bang-Andersen, press office for Norway's southern Joint Rescue Coordination Centre told NTB. “The danger is thus over, for there is no other platforms in the immediate drift trajectory.” 
 
Rigs for ConocoPhillips’ Ekofisk field, just north of Valhall and the next closest to the barge, are not at risk unless a change in weather conditions alters the barge's course, but the company has nonetheless evacuated 145 staff from its Eldfish platform. 
 
“We are monitoring the situation and we have the resources at Ekofisk to do what is necessary if the barge comes close to our platforms,” Tore Falck, ConocoPhillips’ press officer, told VG
 
According to Norway’s state broadcaster NRK, Eide Marine currently has three boats close to the barge attempting to bring it under control. 
 
“We are discussing whether to try and get a grip on the tow rope whichh has broken, or whether to use special harpoons that they can shoot through the hull,” Ben Vikøren, from the Joint Rescue Coordination Centre, told NTB. 
 
On Thursday afternoon, Henning Bruvik, the Captain of COSL Innovator, which was badly damaged when it was hit by a giant wave on Wednesday evening, told NRK that there was little he could have done to prepare for it. 
 
“No one ever really knows when you might be hit. The sea is capricious,” he said. “We have been out in such weather before. No one could have expected such an event, even in the weather we had at that time.” 
 
Jørgen Arnesen, the chief executive of the rig’s owner COSL, estimated that the freak wave which swept over the rig must have been at least 20m high.
SHOW COMMENTS