Could Tony Hayward be looking for a comeback? The FT’s Kevin Brown reports from Singapore that BP’s former boss has held informal talks to sit on the advisory panel at Temasek, the Singapore state investment agency.
This presumably wouldn’t detract from his day job at TNK-BP, but could mean a return to international prominence and a seat alongside the likes of Chuck Prince and Lee Raymond, the former ExxonMobil boss.
Kevin Brown writes:
It is understood that the discussions with Temasek have been brief and informal, and that they relate only to a possible appointment to Temasek’s International Advisory Panel, which usually meets only once a year and has no management role.
The idea that Mr Hayward might join the international panel was floated at a recent conference in Singapore at which Mr Hayward was a speaker.
UPDATE: Apologies to Sky’s (and our own) Mark Kleinman – I should have also linked to his story, which he broke on Thursday evening.
Energy analysts are still digesting news from the US last night that the US National Commission investigating the Macondo oil spill had found that both BP and Halliburton had known about problems with the cement used to seal the well, but did not act on the information.
The company itself has come out all guns blazing, issuing a 1,300 word statement contesting the findings of the report. In it, the company states robustly:
Halliburton does not believe that the foam cement design used on the Macondo well was the cause of the incident.
It has been a busy week for wind energy.
First came the good news – a massive investment in offshore wind in the UK. Although the UK leads the world in offshore wind generation, that is mainly because so little of it has been built anywhere. But a vote of confidence in the UK’s prospects came from three wind turbine manufacturers who announced on Monday they would set up shop on the UK’s north-east and eastern coasts.
General Electric, Siemens and Gamesa are arriving, with more than £300m in investment promised and the creation of an estimated 3,000 jobs. (That is direct jobs – more will follow along the supply chain.)