Bob Dudley

Former BP CEO Bob Dudley says oil price tied to China's growth, expresses 'surprise' at Bernard Looney's abrupt exit

Former BP CEO Bob Dudley asserts that the future of oil prices is closely linked to China's economic path and conveys his astonishment at the sudden resignation of Bernard Looney.

Time has come for Reliance to expand refining & retail outlet capacities: SP Tulsian

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, Deven Choksey of KRChoksey, Narendra Taneja, Oil expert, and RS Sharma, Former Chairman of ONGC gave their thoughts and reactions to Oil Minister, Dharmendra Pradhan inviting RIL's Mukesh Ambani and BP's Bob Dudley to invest in retail after they invested in KG Basin gas.

Mukesh Ambani, Bob Dudley meet Dharmendra Pradhan

Dudley, whose last visit in January 2015 led to India revisiting the natural gas pricing formula and a higher rate for gas produced from deep-sea and difficult areas, met Oil Minister Dharmendra Pradhan this afternoon.

BP cuts CEO's pay package after shareholder backlash

Pradhan visits LyondellBasel, Channelview petrochemical plant

During his visit yesterday, Pradhan was accompanied by Consulate General of India in Houston, Dr Anupam Ray, Senior Officials from Oil and Gas sector, Indo-American Chamber of Commerce of Greater Houston (IACCGH).

BP chief suffers shareholder revolt over $20 mn pay pack

Almost 60 percent of shareholders rejected the remuneration report, which awarded Dudley a USD 19.6 million pay package even though the company experienced a drop in profit and planned thousands of job cuts worldwide.

BP cuts costs, bracing for $60 barrel oil until 2017

The company is now planning for around USD 60 per barrel price for Brent crude until at least 2017, after a sustained fall in the price of the commodity over the past year.

BP CEO: The low oil price is not all bad news

The group of 10 CEOs, which together make up the Oil and Gas Climate Initiative (OGCI) signed a joint agreement backing its committee of an "effective global climate change agreement" and pledged to make efforts to limit greenhouse gas emissions.

BP misses second-quarter profit forecast on spill charge

The company also lowered its expected full-year organic capital spending to below USD 20 billion after cutting it by 13 percent earlier this year as the industry continues to grapple with low oil prices.

BP CEO: Shale revolution 'very painful' for much of world

The nascent shale industry-in which "unconventional" gas is drilled from the ground through hydraulic fracturing or "fracking"-is heavily dominated by the US It has boomed in recent years, partly as a result of access to cheap financing, helping to push global oil prices to record lows.

BP profits fall as oil price bites

The oil price came in at USD 2.577 billion for the first quarter, below the USD 3.225 billion reported in the same period the previous year but above the USD 2.239 billion reported in the last quarter of 2014.

RIL-BP to invest $ 8-10 bn to produce more gas

The meetings come at a time when the Oil Ministry at the insistence of the Finance Ministry is seeking to deny RIL-BP a gas price revision for producing less than projected gas from their eastern offshore KG-D6 fields.

BP head arrives in India to discuss gas shortfall pricing

The Oil Ministry has already moved a proposal for the Cabinet which is being vetted by the finance ministry, law ministry and the planning commission on whether RIL and BP should first supply the KGD6 gas shortfall at the current price of USD 4.2/mmbtu, and only then switch over to the more market aligned gas price formula.

BP may sell some global assets to RIL: Report

BP will discuss divesting some of its assets in Europe and North America to Reliance Industries as it seeks to deepen its partnership with India's largest private sector company, the Economic Times reported on Thursday, citing the Brtish group's chief executive.

BP pushes for early govt nod to develop D6 satellite field

oil and gas properties, BP Plc on Wednesday pressed for an early government nod to develop satellite fields in the KG D6 block and reverse sagging natural gas output from the prolific acreage.

BP chief may call on PM, FM during 2-day India visit

Close on getting approval for investing USD 7.2 billion in Reliance Industries' oil and gas properties, BP Plc Chief Executive Bob Dudley is likely to arrive here on Wednesday on a two-day visit to India.

BP tries to soothe investor ire as profits lag forecast

BP PLC Chief Executive Bob Dudley tried to soothe investor frustration at the oil major's sluggish share price by promising rapid long-term growth as he gave a weak short-term outlook.

BP faces tight deadline to seal Rosneft share swap

BP will struggle to meet a Monday deadline to complete its USD 16 billion share swap with Russian group Rosneft, leaving the companies to agree a second extension or allow the deal to fall apart.

BP Q1 profits fall as oil spill still weighs

BP Plc reported a 2% drop in first-quarter profits, falling short of analysts' forecasts, as the lingering effects of the oil spill frustrated Chief Executive Bob Dudley's attempts to turn around the oil giant.

BP denies bonuses to top executives after spill

BP will not pay bonuses for 2010 to the top executives whose divisions were involved in the worst-ever offshore US oil spill last year, the company said in an annual report dominated by the disaster.

Will seek govt nod for RIL deal this week: BP

Speaking exclusively to CNBC-TV18, Sashi K Mukundan, Country Head of BP said that it will seek government approval for the RIL deal this week.

Cairn-Vedanta deal different from RIL-BP: Mukesh Ambani

On the back of the oil and gas joint venture formed between British oil major BP and Indian giant Reliance Industries (RIL), Mukesh Ambani, Chairman and Managing Director of Reliance Industries told CNBC-TV 18 that his company has one of the strongest balance sheets in the world and the deal will help the company to be debt-free.