absolutely laura but despite the gulf of mexico all disaster russian officials seem confident in b.p.'s ability is but how is b.p. prepared to guarantee the safety of its operations in russian waters. will be very contrite about the oil spill in the in the gulf of mexico it's taking full responsibility for its and it obviously gets away from everybody is asking about about how they're going to make up for what happens in the gulf of mexico and try to move forward. to see b.p. says that they've learned to not invite everyone is going around saying that they've learned so low it's going to they're going to to put. into into this development in the in the. and see if they can move forward from that and they're very aware of what stage. prime minister again said last night he said that an oil company like b.p. pulls on to the remakes of once bitten twice shy now that they've had this kind of huge ecological disaster they'll be looking out for it happening again and making absolutely sure that nothing goes wrong let's hear what b.p. c.e.o. bob dudley said about that. we've been working wit

the piece incredibly control it's now about the gulf of mexico oil spill the new c.e.o. bob dudley was brought into specifically to. rehabilitate the reputation of the company if you like following that disaster and he's certainly going a long way towards doing that he talks a lot about it talks about how much they've learned and the chairman of ross sniffed actually said to me expression which basically translates as once bitten twice shy he thinks that specifically because b.p. suffered this disaster and was blamed for it particularly by the americans they will think twice about what they're doing next time so a company like that will have been versed in what to do when an environmental disaster like this happens so they know they're not green in any way dudley again talks about how contrite they were and what they're going to do so make sure that another disaster doesn't happen let's hear what he had to say. it's been working with ross now for twelve years now and we've been working on the york to for us since two thousand and five was raw stuff working with sokal and

of the rigs to be shot down in the gulf as was the case last summer. i want to signal the dimensions of the issue if you get a map of the gulf mexico the united states has sovereign jurisdiction over far less than all of it. we now know mexico intends to go into deep water in two years, cuba, the next year or two and we need some kind of international understanding or treaty with respect to the standards that will apply to those activities. we also needed in the arctic where russia is intending to go into its arctic waters with bp and canada denmark is already begun and greenland last summer. we need the same kind of attention on the department to ensure the arctic waters are given the kind of special protection that the desert. we make a number of recommendations particularly relevant to science and the science that is needed to pursue wheel and gas development in those very different waters with all of the high risks the special storm action falcon and the cold in tale. >> welcome those are some of the principal recommendations of wanted to cover, mr. chairman, and i would only say that they are relatively modest in my view in terms of both money, cer

since they're all spin in the gulf of mexico b.p. has a specially bad reputation of higher mental protection so the arctic environment is is particularly for a gyal so isn't it a too risky choice of a partner for for a for a big project major. project in the arctic. i appreciate the question it's obviously a very important issue and i think has been the recipient of much thought both at the company and i think the leadership of the country you would have seen probably some of the highlights from the meeting with prime minister putin and b.p. c.e.o. bob dudley this topic was addressed then i think it's been made clear by leadership of russia that frankly the experience b.p. has had in the gulf of mexico or over the course of the period from the end of april last year through the end of last year should be viewed as a positive there are many exploration wells being drilled around the world. and have been doing so for many years this one incident is obviously it was painful for all of us in the industry to see at the same time looking ba

in the materials that have been distributed, there is a chart, which is called mms budget and gulf of mexico crude oil production 1984 to 2009. it's on page 74 of our report. you can see the degree to which the production in the gulf of mexico has gone from being shallow water production now not only to deepwater, but the greatest increase has been in what described as ultra deepwater, where the risks are even more significant. >> mr. riley coming did you want to respond? >> now, i think just to reinforce what senator graham said, that the formations are deeper in the deepwater. that is they are well under even very often certainly the case of macondo they were 18,000 feet which is 13,000 feet below the month level. the formations are under much greater pressure, something up in the range of 30,000 pounds per square inch, which means all sorts of things in terms of the complexity of dealing with a well situation that also involves of course robots come which are the only way you can monitor and maintain and improve a repair technology down at that level. so for all these reasons, it's a much

experience including the gulf of mexico oil spill cleanup operation b.p. has learned from this experience and our joint venture will be carried out with the greatest level of measures aimed at protecting the environment we've been working with b.p. for many years they are competent and have strong experience of russian companies so there is a strong relationship already in place between b.p. and rosneft before this deals even been signed and of course this is a large area this hundred twenty five thousand square kilometers is going to benefit both sides and the extra expertise technology and cash of course will be needed to be to be brought in so that's where b.p. comes in the piece incredibly contrite now about the gulf of mexico oil spill the new c.e.o. bob dudley was brought into specifically to rehabilitate the reputation of the company if you like following that disaster and he's certainly going a long way towards doing that he talks a lot about it talks about how much they've learned and the chairman of ross sniffed actually said to me expression whic

to carry out a project like this in spite of the disaster that we saw in the gulf of mexico last year and i spoke to. him who's the chairman of ross nafta and one of russia's deputy prime ministers here's what he had to say about why they chose b.p. for this. is working on a new strategy transforming the company into an international energy holding little bar do do you. b.p. is of course part of the strategy they've gained a great deal of experience including the gulf of mexico oil spill cleanup operation b.p. has learned from this experience and our joint venture will be carried out with the greatest level of measures aimed at protecting the environment you know we've been working with b.p. for many years they're competent and have strong experience of russian companies so she said i want to show you so there is a strong relationship already in place between b.p. and rosneft before this deals even been signed and of course this is a large area this hundred twenty five thousand square kilometers is going to benefit both sides and the extra expertise technology and cash of course will

is of course part of the strategy they've gained a great deal of experience including the gulf of mexico oil spill cleanup operation b.p. has learned from this experience in our joint venture will be carried out with the greatest level of measures aimed at protecting the environment we've been working with b.p. for many years they're competent and have strong experience of russian companies arguably a deal with the us nafta improves the case energy security and it also puts b.p. on a firmer financial footing following last year's massive oil. in the gulf of mexico but the question on everyone's lips is whether b.p. is a suitable partner for developing the textile following that huge environmental disaster but b.p.'s c.e.o. bob dudley says the company learns a lot from that and they're ready to move into the delicate environment we've been working with ross now for twelve years now and we've been working on the york to for us since two thousand and five working with cycling you know our capabilities our exploration capabilities and i think to be honest we learned a lot about what happened

shore, where much of the drilling takes place on privately owned land, all of the land in the gulf of mexico is public land that belongs to the people of the united stas or to the people that belong to the five gulf states. we believe it is appropriate that in the decision to allow a company to have access to the publicly and, there should also be a provision requiring the company to pay a fee significant to cover the regulation as it executes that lease. this is not a new concept. in fact, but offshore industry is almost an allied air. regulatedmajor reg industry pay for the regulation through some sort of sfee. we think that should be the case with the oil and gas industry, and believed the lease is one of the means of doing so. in doing so in a way that would ensure a sustained it, predictable source of funds for regulation so that the kinds of competencies can be met. >> over here. we have one. >> "washington post." can you talk about how the lack of subpoena power may have affected the ability to look into accountability high up as some of these companies? >> terry garcia. we were able

and i think to be honest we learned a lot about what happened in the gulf of mexico and the company of the core focus on safety and response. for environmental care what we do the russian government's behind the deal and prime minister putin says all parties are ready for the challenge. i would like to let you know that the government of the russian federation supports this joint operation this is a project and could become global and have a significant influence on the world's oil and gas industry russian's arctic reserves are estimated to be five billion tons of oil and ten trillion cubic meters of gas such a project may require tens of billions of dollars of investment and state of the art technology and we are fully aware of the restraint from which is the optics a highly contentious area with many parties wanting a slice of the potentially lucrative pie but experts agree this deal will trigger a muddy down beneath the exploration area that they're talking about is in the south car sea it's off the north coast of russia as far as i'm aware it's not territory that is disputed by any

on a thermal financial footing following the massive losses it sustained from the gulf of mexico oil spill it's also a huge vote of confidence for the russian oil exploration industry your emmett's all to london. russian lawmakers have broad the new strategic arms reduction treaty with the us one step closer to ratification they gave the deal a green light to during a second of three readings in the state duma the start treaty was signed between presidents movie and if and obama a pro last year and should slash the two country's nuclear arsenals by a third was ratified by the u.s. senate in december after months of heated debate on capitol hill congressman added several key changes forcing russian lawmakers to counterbalance those amendments to keep the treaty in tatters they have a state duma's foreign affairs committee told r.t. that the us is responsible for the lengthy ratification process constantine called the chop also expressed fears washington could to repeat of the agreement in the future. they amended the senate resolution just the very dramatically and they left no other o

on the third best financial footing following the massive losses it sustained from the gulf of mexico oil spill it's also a huge vote of confidence for the russian oil exploration industry your advocates r.t. . now the new strategic arms reduction treaty between russia and the u.s. will be ratified and brought into force before the end of the month that's according to russian lawmakers who have approved the deal during a second round of three readings in the state duma the start treaty was signed by presidents manipur there and obama in april last year and should slash the country's nuclear arsenals by a third it was ratified by the u.s. senate in december after months of heated debate on capitol hill congressman added several key changes forcing russian lawmakers to counter-balance those amendments to keep the treaty intact the head of the state duma's foreign affairs committee told us here at r.t. that the us is responsible for the lengthy ratification process constantino conceptual also expressed fears that washington could talk peter the green that in the future. they amended the

is of course part of the strategy they've gained a great deal of experience including the gulf of mexico oil spill cleanup operation b.p. has learned from this experience and our joint venture will be carried out with the greatest level of measures aimed at protecting the environment we've been working with b.p. for many years they're competent and have strong experience of russian companies the aim is that b.p. will team up to develop three areas on the russian arctic shelf that's potentially a lot of oil and gas down the which rosneft owns the license to exploit it's a huge area around one hundred twenty five thousand square kilometers and it won't be easy to extract the resources the arctic the highly inhospitable environments and requires sophisticated technology and billions of dollars of investment but aside from the cash b.p. c.e.o. bob dudley says they've also got the life experience has been working with us now for twelve years now and we've been working on the arctic for since two thousand and five with ross staff working with our capabilities our expression capabilities and i

investigation into the gulf of mexico oil spill says a series of risky decisions caused the disaster. power shift in washington as republicans take control of the house of representatives. they promise to cut government spending. heightened tensions in lahore. dozens attempthousands attend te funeral of the assassinated governor. later, remaining defiant. the disputed election. a remarkable escape for workers at a chemical factory in the netherlands as they battled a massive blaze. the commission set up by president obama to examine the oil spill in the gulf of mexico last year has blamed the disaster on systemic failures of management and warned a similar accident could happen in the future. bp and its business partners made a series of decisions that reduced costs and increased the risk of an explosion. our washington correspondent told me how bp has reacted to the report. >> bp says it worked all along with the commission and cooperated with the inquiry throughout. it said the findings of the inquiry supports bp's internal investigation and the conclusion they were not the only one

of the rigs to be shot down in the gulf as was the case last summer. i want to signal the dimensions of the issue if you get a map of the gulf mexico the united states has sovereign jurisdiction over far less than all of it. we now know mexico intends to go into deep water in two years, cuba, the next year or two and we need some kind of international understanding or treaty with respect to the standards that will apply to those activities. we also needed in the arctic where russia is intending to go into its arctic waters with bp and canada denmark is already begun and greenland last summer. we need the same kind of attention on the department to ensure the arctic waters are given the kind of special protection that the desert. we make a number of recommendations particularly relevant to science and the science that is needed to pursue wheel and gas development in those very different waters with all of the high risks the special storm action falcon and the cold in tale. >> welcome those are some of the principal recommendations of wanted to cover, mr. chairman, and i would only say that they are relatively modest in my view in terms of both money, cer

on a service financial footing following the massive losses it sustained from the gulf of mexico oil spill it's also a huge vote of confidence for the russian oil exploration industry you are at it. still ahead for you this hour here in cuban fury of tourists. once again the subject of strife between cuba and the u.s. have bennett says it wants its land back. and a happy ending to an icy saga three hundred people a total safety after being stranded on russia's far east coast for over two weeks. the pivotal deal between moscow and washington to cut off arms is now one step closer to reality russia normally has promised to ratify start by the end of the month after it was approved in the second of three readings the treaty that would see the two countries nuclear arsenal slashed by a third was signed by president medvedev and the bomber last year he was given the go ahead by the u.s. senate just before the new year after months of debate congressman added several key changes forcing russia to counter-balance those amendments to keep the treaty intact the head of the state duma foreign a

on a thorough financial footing following the massive losses it sustained from the gulf of mexico oil spill it's also a huge vote of confidence for the russian oil exploration industry your advocates r.t. . and still ahead for you this hour cuban clearly this one tom brady is once again the subject of strife in iraq and big blast as we got assess it wants its land back. and a happy ending when i see saddam as three hundred people are told me after being stranded off russia's foreign schools for over. now the breakthrough through breakthrough that is treaty between moscow and washington to cut nuclear arms is now just one step away from reality russian lawmakers are set to approve the start agreement by the twenty fifth january passed the second of three problem and three readings in the duma the treaty was signed by presidents but get it and obama in april last year it was see the two countries nuclear arsenal slashed by a third within seven years the start was passed by the u.s. senate just before the new year after being strongly opposed by republicans congressman added several chan