BP's Hayward steps down, Dudley to take the reigns
BP Managing Director Bob Dudley, seen in the June 16, 2010 file photo after a meeting at the White House in Washington, will take over from BP CEO Tony Hayward on October 1 the company announced on July 27, 2010. UPI/Roger L. Wollenberg/FILE
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Growth in U.S. oil and natural gas production and strong coal demand from China present investment challenges, British energy company BP said.
BP expects to hand as much as $8 billion to shareholders in part because of the divestment from TNK-BP, Chief Executive Officer Bob Dudley said.
The U.S. Environmental Protection agency has formed a research advisory panel to examine the potential effects of hydraulic fracturing on drinking water.
Russian energy company Rosneft announced it completed transactions necessary to fully acquire Anglo-Russian joint venture TNK-BP.
BP leader Bob Dudley told an energy conference in Houston that the United States is gaining rightful recognition as a world competitor in the energy sector.
British energy company BP brings "expertise in deep water" to India through a joint natural gas deal with Reliance Industries Ltd., executive Bob Dudley said.
British energy company BP identified a fourth employee "murdered" last month in a terrorist attack at a natural gas facility in Algeria.
British energy company BP announced that it started producing oil from new facilities at the Valhall field in the Norwegian waters of the North Sea.
Norwegian energy company Statoil confirmed that four of its employees died as a result of a terrorist attack on a natural gas facility in eastern Algeria.
British energy company BP said it fears "the worst" for four employees unaccounted for following an attack on an Algerian natural gas facility.
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United Press International
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