Topic: Bob Dudley

Multi-national oil and gas company BP said Friday CEO Bob Dudley will step down in February after 40 years with the British-based energy conglomerate.

Crude oil prices plummeted again Wednesday morning despite Hurricane Michael lashing the Florida coast as a Category 4 storm.

BP assumes oil prices will drop to $60-$65 per barrel after a period of extreme volatility as supply and demand is balanced, and disruptions may only cause dislocation.

Italy's Eni on Monday inked an accord with BP and NOC under which Eni will get a 42.5% interest in a Libya exploration-operating agreement and assume operations.

Austrian energy company OMV raised its 2018 forecast for the price of oil by almost 6 percent, but cited a second half average lower than its prediction.

Crude oil prices turned sharply lower ahead of the start of trading Wednesday in New York after a surprise build in crude oil inventories in the United States.

Crude oil prices softened ahead of the start of U.S. trading Tuesday on possible wiggle room in Iran and steady personal incomes in the United States.

BP CEO Bob Dudley said Tuesday there were factors ranging from Iranian sanctions to a shortage of U.S. pipelines that supported higher crude oil prices.

British energy company BP said Friday it agreed to pay $10.5 billion to acquire the onshore U.S. shale assets from Australian mining giant BHP Billiton.

The start of the second phase of the Shah Deniz gas field off the coast of Azerbaijan sets a cornerstone for European energy security, an analyst said.