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BP names Mike Utsler its representative to Unified Area Command in New Orleans

Suttles returning to COO role in Houston


BP announced the appointment of Mike Utsler as BP's lead representative in the Unified Area Command (UAC) here and as chief operating officer for the BP Gulf Coast Restoration Organization. Utsler, who has served as BP's commander in the Houma incident command post since April, replaces Doug ...


BP Agrees to Sell Colombian Business to Ecopetrol and Talisman


BP announced that it has agreed to sell its oil and gas exploration, production and transportation business in Colombia to a consortium of Ecopetrol, Colombia's national oil company (51 per cent), and Talisman of Canada (49 per cent). The two companies will pay BP a total of $1.9 billion in ...


BP CEO Tony Hayward to Step Down and be Succeeded by Robert Dudley


BP announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley. Bob Dudley (54) is a main board director of BP and currently runs the ...


BP Signs North America and Egypt Asset Deals with Apache


BP announced that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP’s Permian Basin assets in Texas and south-east New Mexico, US; its Western Canadian upstream ...


Ian Davis to Join the BP Board


The board of BP announced that it has appointed Mr. Ian Davis as a non-executive director of BP p.l.c. with effect from April 2, 2010 Mr. Davis has worked for McKinsey & Company since 1979. Between 2003 and 2009 he was Chairman and Worldwide Managing Director of the firm. He will be retiring ...


BP and Martek Biosciences Enter a Joint Development Agreement to Deliver Advanced Biodiesels

Collaboration assembles core capabilities across biofuels value chain to develop biodiesel production using sugar feedstocks


BP and Martek Biosciences Corporation announced the signing of a Joint Development Agreement (JDA) to work on the production of microbial oils for biofuels applications. The partnership combines a broad technology platform and operational capabilities to advance the development of a step-change ...


BP and Verenium Announce Vercipia Biofuels to Advance the Commercialization of Cellulosic Ethanol

50-50 joint venture company building first commercial project in Highlands County, Florida


BP and Verenium Corporation announced that its 50-50 joint venture company will operate under the name Vercipia Biofuels, and plan to relocate its corporate headquarters to Florida. Vercipia continues to focus on the development of one of the nation's first commercial-scale cellulosic ethanol ...


Irving Oil and BP Will Not Proceed With Proposed Second Refinery


BP and Irving Oil announced they will not be moving forward at this time with the proposed second refinery in Saint John, New Brunswick, as a result of global economic and industry conditions. The joint technical and commercial feasibility study that the two companies have been conducting over ...


BP to Sell Fuels Business in Greece


BP has agreed to sell its ground fuels marketing business in Greece to Hellenic Petroleum for €359m ($500m) subject to various adjustments at closing. The deal is subject to certain conditions, including regulatory approvals, and is expected to be completed towards the end of the year with the ...


BP Selects New Chairman to Succeed Peter Sutherland


BP announced that it has appointed Carl-Henric Svanberg, currently chief executive officer of the Swedish telecommunications company, Ericsson, to replace Peter Sutherland as chairman of BP. Mr Svanberg, who is also chairman of Sony Ericsson and a non-executive director of Melker Schörling AB, ...


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