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Dinner date for former BP chief executive

Dinner date for  former BP chief executive
The former BP chief executive who stepped down in the wake of the Deepwater Horizon explosion and oil spill in the Gulf of Mexico will be in Aberdeen next month.

The former BP chief executive who stepped down in the wake of the Deepwater Horizon explosion and oil spill in the Gulf of Mexico will be in Aberdeen next month.

Tony Hayward is one of the speakers at the annual dinner of the Aberdeen, Highlands and islands branch of the Energy Institute.

More than 400 people will be attending the sellout event at the Marcliffe Hotel on Thursday, March 3.

The other speaker is First Minister Alex Salmond.

Since leaving BP, Mr Hayward has set up energy advisory business 3E Capital.

It was also reported earlier this month that he was in talks to launch an international oil company.

Mr Hayward was approached by Abu Dhabi’s sovereign wealth fund which offered to bankroll him to the tune of several billion dollars to enable him to build a global oil and gas group, according to one newspaper.

The emirate’s sovereign wealth fund is estimated to be worth up to £496billion and has investments including stakes in Ferrari, ports, aerospace and renewable-energy firms.

The proposal is understood to be at an early stage of development and one of several being considered by Mr Hayward, who is planning to build a portfolio of roles in global businesses.

Last month, he was invited to join the board of Glencore, the world’s largest commodity trader which is preparing a £30billion float this year.

Mr Hayward was forced to step down from BP four months ago following outrage about the oil spill.

The explosion on the rig on April 20 killed 11 people and dumped millions of gallons of oil into the gulf.

The incident also had a disastrous effect on BP’s fortunes, as the company made a loss for the first time in 18 years and its shares slumped.

Another former BP chief executive, Lord Browne, will be speaking in Aberdeen the day before Mr Hayward.

Lord Browne, now managing director of Europe for Riverstone Holdings, is attending the Granite City’s first unconventional-gas conference, in the Aberdeen Exhibition and Conference Centre, on March 2.

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