In the following video, contributors Tyler Crowe and Aimee Duffy discuss BP's (NYSE:BP) recent struggles to stay on budget in several ultra deepwater exploration projects. Tyler discusses several of these projects and why the company continues to struggle with rapidly rising costs, tells investors what it means for the company, and questions whether or not these projects are worthwhile.

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Oceaneering International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.