A BP boss in charge of energy transition efforts has teased “more to follow” on the eve of Bernard Looney’s coronation as chief executive.
BP’s new CEO needs to “push” the energy transition agenda further to stop the supermajor falling foul of investors, particularly in Europe, analysts have said.
It’s apparently not the traditional approach for the top dogs of major oil companies, but maybe it’s time to break the mould.
As widely circulated reports of BP’s plans for a major organisation shake-up emerge, the energy industry can only wait in anticipation to hear what Bernard Looney FREng FEI, Incoming Group Chief Executive of BP, has to say. Updates to their climate change strategy are sure to have an impact on other oil and gas major’s policies going forward, especially when paired with the increasing pressure from investors and the wider public.
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
BP has picked one of its former North Sea bosses to take over the energy giant’s reins when long-standing chief executive Bob Dudley steps down early next year.
BP announced today that Bernard Looney will take over the reins at the firm next year. Here's a biography with some of Mr Looney's career highlights:
Mental health is a “massive issue” that’s close to Bernard Looney’s heart and one that he feels a “great responsibility” to talk about.