BP Asks Rivals to Help With Spill: Report

BP is turning to rival oil companies for help in managing the oil spill in the Gulf of Mexico, according to <I>The Wall Street Journal</I>.
Author:
Publish date:

The oil spill in the Gulf of Mexico is getting so bad that

BP

(BP) - Get Report

is asking rival oil companies to help deal with the it, according to a published media report.

BP's requests to its rivals was reported Saturday on

The Wall Street Journal's

Web site. The requests indicate the company is running out of ideas on how to contain the spill as it approaches the Louisiana coast, the report said.

The spill came from a BP exploratory oil rig. BP is coming under increasing criticism for its management of the spill.

Earlier, a White House official said that

President Obama would visit the Gulf Coast

to personally assess the cleanup efforts.

Shares of BP closed Friday at $52.15.

> > Bull or Bear? Vote in Our Poll

This article was written by a staff member of TheStreet.com.