Corporate news

BP reported a significant drop in the costs related to last year’s devastating Gulf of Mexico oil disaster in the first quarter as the UK oil group sought to rebuild its oil and gas exploration operations. Read more

Sheila McNulty

A year after the Macondo disaster, the industry has pulled together in the US and built not one but two spill containment systems. These systems are really state-of-the-art and aimed at containing a massive spill in the deep water.

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In this week’s show: BP’s future – a City analyst gives his view; Rex Tillerson, head of Exxon Mobil, on nuclear power, the Middle East, and BP; and is solar energy being undermined by the UK government’s plans? Read more

Shares in Rosneft were up 1.7 per cent on Wednesday, boosted by a buyback plan that is widely seen in Russia as preparation for the state-controlled group’s planned controversial stock- swap with BP. Read more

At last the plucky Falklands explorer has found some of the black stuff.
Unfortunately, it did’t find very much – two oil shows over a 1-metre section – and that means the game is almost up for Desire. Read more

Kiran Stacey

The first BP AGM since the oil spill, and the first one with Bob Dudley at the helm, has come to a close. With the various disputes and controversies surrounding the company at the moment, did Dudley come out of it with his reputation enhanced? And what about the other parties represented? Here is our take. Read more

Kiran Stacey

As we near the end of BP’s AGM, one thing we can report is that Bob Dudley is still standing. Which is more than can be said of several protestors against the development of Canadian oil sands who were carted out, in some cases lifted off their feet, after shouting across Mr Dudley as he tried to defend such developments. Read more

Kiran Stacey

Thursday morning sees Bob Dudley’s first AGM as chief executive, and it is not the one he would have planned. Read more

At first glance, Igor Sechin’s abrupt departure as Rosneft chairman appears to bode badly for BP’s last-ditch bid to salvage its alliance with the Russian state controlled company.
But, it could turn out to be a clever tactical move that might yet save the deal.  Read more

FT Energy Source