Deal marks progress against divestment target. Royal Dutch Shell plc, through its affiliate Shell Offshore Inc. (Shell), today announces it has an agreement to sell 100 percent of its record title interest in Gulf of Mexico Green Canyon ...
BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
BP has appointed the current head of its US operations, Lamar McKay, to oversee the company's existing upstream oil and gas divisions, which were created in the wake of the 2010 Gulf of Mexico oil spill, the company said Friday. McKay, ...
Tags: upstream chief, oil spill, offshore spill