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...Ratner, who was the expert witness on behalf of the US Department of Justice in the BP Deepwater Horizon oil spill litigation, has experience in public and forensic accounting, business valuations, due diligence...
...His successor, Tony Hayward, left in 2010 following a series of gaffes after a drill rig exploded in the Gulf of Mexico killing 11 people and leading to the biggest-ever oil spill in US waters....
...Dudley took over the UK oil major in 2010 following the Deepwater Horizon oil spill and served for 10 years....
...Sawan said Shell’s strategy is to double down on its strengths: the huge LNG business it built with the acquisition of BG Group in 2016; its sizeable network of filling stations; its deepwater oil production...
...The UK oil major has made quick replacements in the past. It announced Hayward’s resignation on the same day it appointed Bob Dudley’s following the Deepwater Horizon oil spill....
...But the private players, unshackled by demands for dividends and buybacks, still kept the torch burning — and the rigs running....
...Plenty of people raised questions about BP’s corporate governance in the wake of the disastrous Deepwater Horizon oil spill in 2010....
...But the two generally move in lockstep and they’ve moved by very, very similar degrees....
...oil export cartel led by Saudi Arabia....
...The UK oil major has made quick replacements in the past. It announced Hayward’s resignation on the same day it appointed Bob Dudley in July 2010 following the Deepwater Horizon oil spill....
...Where do oil prices go? Will we have a quiet year in the oil market? That is the question posed in one of the panels in the FT’s Commodities Summit today....
...They’re naturally worried about oil spills and leaks....
...“You’re starting to see the market really start to formulate an opinion that we need to be down here for a while to help solve this oversupply.” Additional reporting by Shotaro Tani in London...
...Deep dive BP is betting big on the Gulf, 14 years after the Deepwater Horizon explosion caused the biggest offshore oil spill in US history, The Wall Street Journal reports....
...chief of staff he initially worked for Tony Hayward, starting just as a drill rig had exploded in the Gulf of Mexico leading to the biggest-ever oil spill in US waters....
...“By 2050, even in the most conservative scenario, we’re still going to need around half the oil that we consume today....
...At new wells in the Permian, average oil production per drilling rig has increased to 1,319 b/d. A decade ago the figure was about 183 b/d....
...Blunt added: “The oil industry needs to stop moaning about this and they need to show they’re offering the sort of interest and financial awards you see in the high-tech industry.”...
...In May the country’s high court ordered Exxon to provide an “unlimited guarantee” in case of any oil spill damage in the country’s waters....
...Under Emmerson Mnangagwa, who was elevated to power by Zimbabwe’s military and was re-elected as president in a disputed vote this year, the country’s wealth in gold and diamonds remains tainted by allegations...
...At the peak of the shale boom in 2014 there were 1,609 oil rigs operating in the US....
...They’re very disciplined, they’re making the right decisions by paying out dividends and buying back shares. This is winning the investors back to the sector.”...
...Higher oil production, particularly from Shell’s deepwater fields, and higher oil prices, helped lift profits in Shell’s upstream division to $2.2bn, from $1.7bn in the second quarter....
...“What we’re experiencing is the deindustrialisation of the European economy and we’re concerned,” she added....
...The Hess acquisition will increase Chevron’s oil and gas output by more than 10 per cent....
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