BP’s top boss said the oil major would double its North Sea production as he hailed the region as one of the company’s “crown jewels”.
BP is pushing its North Sea operating costs down to $12 per barrel, chief executive Bob Dudley said.
Oil will continue to reign supreme in the global energy mix, according to BP chief executive Bob Dudley.
The oil industry must have an open dialogue with young people to avoid repeating the mistakes of the 80s, when a generation of innovators was lost, according to BP’s chief executive.
BP has created a new executive committee to explore business in Iran which excludes its American chief executive Bob Dudley in a bid to avoid potential violations of US sanctions still in place.
BP boss Bob Dudley has said the oil major is starting to invest again with a sleuth of new projects expected to be approved next year.
Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP Plc Chief Executive Officer Bob Dudley said.
A decision by the British people to quit the European Union in a forthcoming referendum would trigger a period of uncertainty for the world, BP (BP.L) Chief Executive Bob Dudley told Bloomberg TV on Friday.
BP can keep spending at a reduced rate of about $17 billion for another three years without affecting growth, chief executive Bob Dudley said.
Oil major BP is unlikely to invest in Saudi Aramco's flotation, chief executive Bob Dudley told reporters at the St Petersburg International Economic Forum.
BP has launched the 65th edition of its Statistical Review of World Energy, launched today, and claims the world is shifting to lower carbon fuels.
Oil major BP's chief executive Bob Dudley has defended his £14million pay deal for the first time since it was disputed by shareholders.
Sir Martin Sorrell, the boss of advertising giant WPP, has defended his £63 million pay package, insisting “if WPP does well, I do well”.
BP chief executive Bob Dudley will face shareholders on Thursday amid investor anger over his 19.6 million dollar (£13.8 million) pay package when they gather for the oil giant’s annual general meeting.
BP's chief executive, Bob Dudley, faced fresh backlash over his pay packet.
BP and Kuwait Petroleum Corporation (KPC) have signed a framework agreement to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventures.
BP chief executive Bob Dudley's pay packet increased by 20% in 2015 to $19.6million, despite the firm delivering one of the lowest profits in its history.
The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year.
BP’s mammoth annual losses have laid bare the impact of the tumbling cost of crude, with the rout now reaching levels not seen since the oil price crash in 1986.
BP has reshuffled its senior executive team appointing deputy chief executive, Lamar McKay, to assist chief executive Bob Dudley.
BP’s Bob Dudley said 2016 will be a year of halves for oil price.
BP has signed a multibillion dollar deal to supply liquefied natural gas to China Huadian Corporation over two decades.
The oil industry’s “best days are yet to come” as demand will grow to 110 million barrels a day by 2040, OPEC Secretary-General Abdalla Salem El-Badri stated as a conference in Kuwait City.
BP has reached agreements in principle to settle all US federal and state claims arising from the Deepwater Horizon accident and spill in 2010.
Oil major BP is facing a potential shareholder revolt over chief executive Bob Dudley’s £8.6million pay package, up by 25% in 2014, at its annual general meeting this month. The potential protest over his remuneration is being encouraged by two groups which advise shareholders in FTSE 100 Index-listed companies. Mr Dudley’s bumper pay rise came in the same year as BP launched a £665million cost-cutting drive, which in January led to the company announcing about 200 full-time onshore positions and 100 contractor roles would be shed from its 4,000-strong North Sea workforce. BP introduced a pay freeze for staff this year as oil and gas firms look to cut costs in response to the recent slump in crude prices.