LONDON (Reuters) – Oil giant BP has succeeded in preventing the public airing of comments from a former senior in-house lawyer about lawsuits stemming from the Gulf of Mexico oil spill, as part of an unfair dismissals action.
John Skipper told a British employment tribunal on Wednesday that he had been passed over for promotion because he was over 50 years of age, and that his case highlighted a culture of ageism at BP.
LONDON, Nov 21 (Reuters) – The bid vehicle of former
BP Plc Chief Executive Tony Hayward and financier
Nathaniel Rothschild completed its controversial $2
billion acquisition of Kurdistan-focused Genel Energy on Monday.
An expected rise in shares of the group, previously known as
Vallares and now known as Genel Energry Plc, failed to
materialise. The stock traded up less than 1.0 percent at 1000
pence at 0805 GMT, ahead of a 0.8 percent drop in the STOXX
Europe 600 Oil and Gas index.
LONDON, Nov 18 (Reuters) – Norway’s Statoil
has agreed to buy a stake in an exploration block offshore
Suriname from Tullow Oil, adding to the list of
international oil companies entering what industry sources say
could be a major new production province in South America.
Statoil is to buy a 30 percent interest in block 47, on
undisclosed terms, joining Royal Dutch Shell Plc and
France’s Total as an investor in a region Tullow calls
“the Guyanas trend”.
LONDON, Nov 17 (Reuters) – The most senior energy
officials from the Kurdish region of Iraq and from the central
government were due to meet on Thursday to try and resolve a
spat over a major oil deal involving U.S. oil major Exxon Mobil
Kurdish Regional Government Natural Resources Minister Ashti
Hawrami and Iraqi Deputy Prime Minister with responsibility for
energy, Hussain al-Shahristani, were due to meet at the
sidelines of a conference in Turkey, a source familiar with the
LONDON, Nov 15 (Reuters) – British gas producer BG
Group Plc kicked off the race to succeed Chief Executive
Frank Chapman on Tuesday, naming three executives who it said
were being considered for the top job, while adding an external
hire was also possible.
Chapman, who has helped build BG from a UK-focussed player
into a $74 billion international oil and gas giant, will step
down before the end of 2013, the group said.
LONDON/BAGHDAD (Reuters) – Exxon Mobil (XOM.N: Quote, Profile, Research) has signed oil and gas exploration deals with Iraq’s Kurdistan, an adviser to the Kurdish government said on Friday, in a bold step that prompted warnings from Baghdad that the move could jeopardise the company’s future in the country.
A senior Iraqi oil official said the central government knew that Exxon was in talks to explore in the region and had warned that any deal with the Kurdish Regional Government (KRG) could result in the termination of Exxon’s deal to develop the giant West Qurna field.
LONDON/BAGHDAD, Nov 11 (Reuters) – Exxon Mobil
has signed oil and gas exploration deals with Iraq’s Kurdistan,
an adviser to the Kurdish government said on Friday, despite a
series of warnings from Baghdad that the move could jeopardise
other major projects.
A senior Iraqi oil official said Iraq’s central government
had been aware that Exxon was in talks to explore in the Kurdish
region and the company had been warned that any deal with the
KRG could result in the termination of its deal to develop the
giant West Qurna oilfield.
LONDON, Nov 7 (Reuters) – The collapse of BP’s
planned sale of a $7 billion stake in an Argentinean unit is
Chief Executive Bob Dudley’s second failed multi-billion dollar
deal this year and has renewed investor concerns about his
vaunted turnaround of the group.
Dudley hinted last month that the oil giant could lift its
dividend next February, saying the group had reached a “turning
point” after its Gulf of Mexico oil spill. But the failed deal
now puts a question mark over those plans.
HONG KONG/LONDON Nov 6 (Reuters) – BP’s plan to sell
a stake in its South American unit for $7 billion (4 billion
pounds) has collapsed, potentially trimming the oil major’s cash
flow and making it harder to raise its payout to shareholders.
China’s biggest offshore oil producer CNOOC Ltd
said on Sunday its 50 percent-owned unit Bridas Energy Holdings
has terminated a deal to buy BP’s stake in Argentina-based oil
and gas group Pan American Energy LLC (PAE).
HONG KONG/LONDON (Reuters) – BP’s (BP.L: Quote, Profile, Research, Stock Buzz) plan to sell a stake in its South American unit for $7 billion (4 billion pounds) has collapsed, potentially trimming the oil major’s cash flow and making it harder to raise its payout to shareholders.
China’s biggest offshore oil producer CNOOC Ltd (0883.HK: Quote, Profile, Research, Stock Buzz) said Sunday its 50 percent-owned unit Bridas Energy Holdings has terminated a deal to buy BP’s stake in Argentina-based oil and gas group Pan American Energy LLC BPPAE.UL (PAE).