Bob Dudley

BP Continues Divestment Programme With $7 Billion Sale

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BP is continuing to dispose of assets to help fund its liability arising from the Deepwater Horizon explosion in the Gulf of Mexico in April. The global energy group has agreed to sell its 60% stake in Pan American Energy, an Argentina-based oil and gas company, to Bridas Corporation for $7.06 billion. The disposal is … Read more

BP Releases Report on Causes of Gulf of Mexico Tragedy

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No single factor caused the Macondo well tragedy, according to BP. Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution in the Gulf of Mexico earlier this year. A report released by BP today concludes that decisions made by … Read more