Call for more data on offshore risks

Improved disclosure and risk management has been demanded of oil and gas companies by a coalition of investors in the wake of the BP oil spill in the Gulf of Mexico.

A group of 58 investors led by the US-based Ceres network has written to 27 company chief executives – as well as 26 insurers covering offshore drilling – asking how risk is handled in offshore operations and how the disaster has altered risk management frameworks.

The investors want a response  by 1 November.