BP reshuffles senior executive team
BP has reshuffled its senior executive team appointing deputy chief executive, Lamar McKay, to assist chief executive Bob Dudley.
Bob Dudley
BP’s Bob Dudley: This will be a year of halves for oil price
BP’s Bob Dudley said 2016 will be a year of halves for oil price.
BP signs multibillion dollar LNG deal with China
BP has signed a multibillion dollar deal to supply liquefied natural gas to China Huadian Corporation over two decades.
Oil industry’s “best days yet to come” says Opec chief
The oil industry’s “best days are yet to come” as demand will grow to 110 million barrels a day by 2040, OPEC Secretary-General Abdalla Salem El-Badri stated as a conference in Kuwait City.
BP says Deepwater Horizon deals are a “path for closure”
BP has reached agreements in principle to settle all US federal and state claims arising from the Deepwater Horizon accident and spill in 2010.
BP facing possible shareholder revolt over Dudley’s pay
Oil major BP is facing a potential shareholder revolt over chief executive Bob Dudley’s £8.6million pay package, up by 25% in 2014, at its annual general meeting this month. The potential protest over his remuneration is being encouraged by two groups which advise shareholders in FTSE 100 Index-listed companies. Mr Dudley’s bumper pay rise came in the same year as BP launched a £665million cost-cutting drive, which in January led to the company announcing about 200 full-time onshore positions and 100 contractor roles would be shed from its 4,000-strong North Sea workforce. BP introduced a pay freeze for staff this year as oil and gas firms look to cut costs in response to the recent slump in crude prices.
BP announces Kinnoull start-up but it’s bad news for BG Group’s Jackdaw project
The North Sea will soon produce an extra 45,000 barrels of oil a day after start-up on the £700million Kinnoull field, BP chief executive Bob Dudley has announced.