Topic: Bob Dudley

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BP oil spill settlement: Justice for 100,000 Gulf Coast victims?

The estimated total cost of the settlement will be about $7.8 billion, which makes it one of the largest class-action settlements in US history. The BP oil spill settlement was filed Wednesday.
BP settles with private plantiffs over Gulf oil spill

The multinational corporation said Wednesday it will pay out $7.8 billion from the $20 billion trust it set up after the Deepwater Horizon explosion.
BP settlement: Anadarko adds $4 billion to pay spill claims

BP settlement with Anadarko reduces chances of punitive damages for 2010 Gulf spill. Despite BP settlement, other lawsuits and fines still loom for oil giant.
BP settlement: BP to get $4 billion for oil spill cleanup

BP settlement: Anadarko Petroleum Coro., which had a has 25 percent working interest in BP's Macondo Prospect, the site of the Deepwater Horizon drilling rig explosion, will pay BP $4 billion toward cleaning up the Gulf of Mexico oil spill.
Google earnings: one of five things to watch April 14

Google earnings aren't just about numbers. New CEO Page will give his first conference call. Also of interest: Zipcar's Nascaq debut and key readings on inflation.
Robert Dudley BP CEO to take over Friday; dividend payments might resume next year

Robert Dudley BP CEO begins his new job on Friday. Thursday, Dudley was discussing what BP has and will become under his watch.
BP permanently 'kills' Gulf of Mexico well

With a final shot of cement, BP permanently 'killed' its deep-sea well in the Gulf of Mexico that ruptured in April and unleashed the worst oil spill in US history.
Transocean, Halliburton blast BP report on cause of blowout, oil spill

Transocean and Halliburtion, BP's partners on the blown-out well that led to the massive Gulf oil spill, reject findings in a new BP report that finds their workers partly to blame for the rig accident.
BP report on cause of Gulf oil spill spreads the blame

Human and mechanical failures led to the Deepwater Horizon blast and the subsequent Gulf oil spill, finds a BP report released Wednesday. Transocean and Halliburton are also cited.
Gulf oil spill: Why raise the faulty blowout preventer? It's evidence.

Drilling on the relief well has stopped while BP prepares to raise the failed blowout preventer from the sea floor. The effort is not just a safety precaution. The equipment is also evidence that may reveal how the Gulf oil spill happened.
'Bottom kill' set to seal oil well for good, but worries abound in Louisiana

Louisiana residents are relieved that no more oil is spewing and that a 'bottom kill' to seal the well will begin soon. But they are also worried, about BP's commitment to a full cleanup and a report that most of the oil is gone.
Why Robert Dudley is tailor-made to lead BP past Gulf oil spill

Robert Dudley, who will become BP's new chief executive on Oct. 1, has many of the qualities that BP needs as it tries to move beyond the Gulf oil spill crisis. But he faces a tough task.
BP loses $17 billion, but is worst over as Robert Dudley takes reins?

BP earmarked $32.2 billion last quarter for current and future Gulf oil spill costs – leading to $17 billion in losses. Yet BP is cautiously optimistic with Robert Dudley set to take over in October.
Robert Dudley, new BP CEO, says Gulf oil spill is wake-up call for industry

Robert Dudley will become the first non-British chief executive of BP, replacing the embattled Tony Hayward.
Four reasons Tony Hayward is apparently out as BP chief

BP’s board of directors looks set to replace Chief Executive Tony Hayward after a series of missteps during the Gulf oil spill crisis. But the move is about more than Mr. Hayward’s gaffes.
Tony Hayward to step down; BP CEO will take job in Russia

Tony Hayward, the embattled BP CEO, will reportedly step down in October. Tony Hayward will take a job with BP's joint venture in Russia.
Tropical storm Bonnie: A two-week delay in Gulf oil spill cleanup?

Tropical storm Bonnie is bearing down on the Gulf oil spill, so BP is preparing to evacuate boats and crew until tropical storm Bonnie passes. It could hit Louisiana Sunday.
BP oil seep could spell trouble for containment cap

The BP oil seep now being witnessed on the floor of the Gulf of Mexico, along with conflicting messages from BP and the federal government, spell an uncertain future for the capped well.
Top Kill 2: BP aims to turn off Gulf oil spill spigot soon

A new containment cap could temporarily halt oil from gushing into the Gulf of Mexico. BP's gambit could dramatically alter the arc of the Gulf oil spill drama. Critics are doubtful.
Lesson from the Gulf oil spill: Listen to the locals

Up and down the Gulf coast you hear local officials and others complain that they are being ignored in the response to the Gulf oil spill. That must change.
In Gulf oil spill 'war,' cleanup foot soldiers threaten mutiny

Claims problems and mixed messages from the Gulf oil spill unified command structure has local leaders from Pensacola to Plaquemines Parish fuming as the Gulf comes under what some call a 'tarball attack.'
Offshore drilling: Judge who lifted moratorium has oil interests

Offshore drilling: Judge Martin Feldman, who overturned the government's moratorium on offshore drilling for oil, has reported owning stock in Transocean Ltd, the company that owned the Deepwater Horizon offshore drilling rig which exploded and sank in the Gulf of Mexico over two months ago.
Tony Hayward hands over BP oil spill operation; BP shares fall

Tony Hayward, BP CEO, gives daily oversight of BP's oil spill containment and cleanup operation to Bob Dudley. Meanwhile, BP's share price has fallen.
BP CEO Tony Hayward attends glitzy yacht race; Gulf residents infuriated

BP CEO Tony Hayward spent part of his Saturday at a yacht race in England while some in U.S. have seen their livelihoods ruined by the massive two-month oil spill.
Who is Bob Dudley? Five things to know about BP's new point man.

BP's managing director Bob Dudley will have day-to-day responsibility for managing the company's oil spill response in the Gulf of Mexico. Will he do any better at battling the crisis?