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...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....
...But the two generally move in lockstep and they’ve moved by very, very similar degrees....
...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....
...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....
...“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...
...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....
...So looking ahead, what are you expecting to see in terms of future deals on the horizon now that these two have happened?...
...That has made capital more difficult to come by for fossil fuel businesses, oil in particular....
...Shell has already reduced its oil output by 25 per cent in the past three years and says it will maintain production at current levels until 2030....
...Out of every 100 barrels of oil in the ground, we're still leaving 85. The size of the prize will attract the investment....
...in London for Hotel Chocolat shareholders to vote on the proposed acquisition of the company by Mars....
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