BP faces ‘reset phase’ – also known as a serious problem
BP is by no means on the brink – but the fall in the price of oil, combined with profits down for the last quarter of 2014, confirm that the company has problems.
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American Bob Dudley takes the reins at BP, flagging a return to dividends. Who Knows Who asks if Dudley, once chased from Russia by billionaire oligarchs, could be BP’s all-American hero.
As BP boss Tony Hayward steps down as chief executive, Channel 4 News looks at who the “demonised and vilified” man is, and who is his replacement, Bob Dudley.
Some of the UK’s top business chiefs write an open letter saying a Labour government would “threaten jobs”, as Ed Miliband commits to regular worker contracts after 12 weeks.
BP is by no means on the brink – but the fall in the price of oil, combined with profits down for the last quarter of 2014, confirm that the company has problems.
Work continues today to identify the British victims of the Algerian siege and to repatriate their bodies as BP confirm 14 of their 18 staff are now safe.
Five British nationals and one UK resident are dead or unaccounted for, Foreign Secretary William Hague said, after Algerian special forces launched a final assault on the besieged BP gas plant.
Oil giant BP agrees to pay a $4.5bn (£2.8bn) settlement to authorities over the 2010 oil spill in the Gulf of Mexico off the US coast.
David Cameron has given BP permission to begin a new £4.5bn oil project west of the Shetland Islands. BP says the investment will end a “decade of decline” in the industry.
BP reports its first annual loss in nearly 20 years after the Gulf of Mexico oil spill. But as Siobhan Kennedy reports, the disaster has not stopped BP renewing its focus on deep sea exploration.
State-owned Russian oil giant Rosneft has taken a 5 per cent stake in BP, in the first major deal for BP since the Gulf of Mexico oil spill disaster, as Siobhan Kennedy writes.
The US government is to sue BP and several of its partners for costs and damages in a bid to recover billions of dollars after the Gulf of Mexico oil spill disaster.
As BP announces a return to profit despite bearing the costs of the Gulf of Mexico disaster, Chief Correspondent Alex Thomson asks whether it signals an end to the oil giant’s rocky year.
Outgoing BP chief executive Tony Hayward tells MPs safety is the oil giant’s “number one” priority, as he puts the company’s case to be allowed to drill for oil in UK waters, as Tom Clarke reports.
As BP prepares to publish a report into the causes of the Deepwater Horizon rig explosion one marine expert tells Channel 4 News it was a major environmental incident but not a catastrophe.
BP blames “failures” for the disastrous Gulf of Mexico oil rig explosion and subsequent major oil spill. Science correspondent Tom Clarke says the report is BP’s “case for the defence”.