Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

BP reorganises core oil and gas production unit

Wed, 30th Jan 2013 13:51

By Tom Bergin

LONDON, Jan 30 (Reuters) - BP said it was reorganizing itscore oil and gas production unit, continuing a move back to themodel it had before the Gulf of Mexico oil spill and helpingfree Chief Executive Bob Dudley from direct oversight ofdrilling operations.

Lamar McKay, Head of the Upstream division, which finds andpumps oil and gas, told staff in a series of emails, seen byReuters, that he planned nine senior role changes, and that BP'shead of safety, would also be retiring.

A spokesman confirmed the emails, which were sent onTuesday, and said the changes reflected McKay's desire to puttogether his own leadership team for the division which isresponsible for most of BP's profits.

Related Shares

More News
4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag *

4 Jun 2024 17:03

Sector movers: Miners, Big Oil weigh on FTSE 350

(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.

4 Jun 2024 17:01

London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9% *

4 Jun 2024 16:53

LONDON MARKET CLOSE: Cooling US job market boosts rate cut hopes

(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.

4 Jun 2024 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.