BP’s Macondo-Driven $5.8B Impairment ‘Huge,’ But Takeover Now Less Likely, Says Dudley

BP plc lost $6.3 billion in the second quarter, reflecting the landmark Macondo well settlement and a near-40% decline in oil prices from a year ago.

July 28, 2015

Oil Market Downturn ‘Feels Like 1986,’ Says BP CEO

BP plc, experienced in handling financial crises following the Macondo well blowout, is moving rapidly to shore up the balance sheet because “this feels like 1986 to me,” Group CEO Bob Dudley said Tuesday.

February 3, 2015

BP Agrees to 20-Year LNG Supply Contract with China

BP plc clinched a 20-year contract this week worth close to $20 billion to supply China with liquefied natural gas (LNG), including from a proposed export plant in Freeport, TX, Group CEO Bob Dudley said Tuesday. A similar agreement between Royal Dutch Shell plc and China also is said to be nearing completion.

June 17, 2014

BP Expects to Play Role in Russia-Ukraine Situation, Says CEO

BP plc has no plans to turn its back on considerable Russian oil and natural gas prospects, and the company, in fact, expects to play an important role to bridge engagement between Russia, as an energy supplier, and Europe, as an energy consumer, Group CEO Bob Dudley said Thursday.

April 10, 2014

BP Targeting Jump in GOM Production by 50% Within Two Years

With a record 10 drilling rigs now working the deepwater Gulf of Mexico (GOM), BP plc is taking aim at increasing output by one-half over the next two years, to 300,000 boe/d from the current 200,000 boe/d, CEO Bob Dudley said Tuesday.

February 4, 2014
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