BP stock prices again fell. By January 2007, the explosion, coupled with a pipeline spill in Alaska and production delays in the Gulf of Mexico, left BP's stock down 4.5% from its position prior to the Texas City explosion. However, by April 2007, stocks had rebounded 13% erasing the 8.3% loss from 2006. Declining oil prices and concerns over oil sustainability also caused shares to fall in value in late 2008. The Deepwater Horizon oil spill in April 2010 initiated a sharp decline in share prices, and BP's shares lost roughly 50% of their value in 50 days. BP's shares reached
Guimaras oil spill she declared a "national calamity". On August 17, British oil experts, sent by SMDC's foreign insurer, arrived in Guimaras to assess the situation. SMDC stated that the experts will check the extent of the oil pollution. The Britons conducted an aerial survey over Guimaras Island and made recommendations based on their findings. A four-man team from the U.S. Coast Guard arrived on August 23 to assist in determining the exact location of the tanker. Guimaras oil spill The Guimaras oil spill occurred in the Panay Gulf on August 11, 2006 when the oil tanker M/T "Solar 1" sank off the