THE under-pressure boss of BP has insisted the beleaguered oil giant had reached a “turning point”, despite production falling as it continues to sell off billions of pounds worth of assets in the wake of last year’s Gulf of Mexico oil disaster.Read
THE former BP chairman, Tony Hayward, who resigned from his job following criticism over his handling of Deep Water Horizon oil spill disaster in the Gulf of Mexico, will share in a £270m payout from a new oil and gas venture.Read
YOU would think with petrol pump prices as high as they are, there is little scope for concern about the oil industry – but, actually, the sector is not having it all its own way.Read
BP has agreed a multi-billion pound deal with Russia’s state-owned Rosneft that give’s the UK oil company favourable tax breaks when drilling in the Arctic circle.Read
A “COMPLEX and interlinked” series of events involving mechanical failures and human judgments led to the Gulf of Mexico oil disaster, a report by oil giant BP said.Read
THE devastating oil spill in the Gulf of Mexico has made Tony Hayward a household name. His gaffe-prone “Hayward-isms” have been well documented and certainly done him no favours in reputation terms.Read
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