/ Source: The Associated Press
BP PLC chief executive Bob Dudley opened a speech to a major oil industry conference in Houston with an apology to the industry for the Deepwater Horizon disaster that killed 11 workers and led to a halt to deepwater drilling in the Gulf of Mexico.
Addressing the CERAWeek conference, Dudley assured BP is working to prevent a recurrence of last year's explosion and oil spill.
Dudley said BP must earn back the trust of the industry, state and federal leaders and Gulf Coast residents and customers. In his words, "We are determined we will once again restore that trust and I realize this requires action, not words."
He says BP already has stopped production at two platforms and closed a pipeline to address maintenance issues.