Tag Archives: Bob Dudley

The Venezuelan economy has been in recession for four years. where food shortages. the lack of U.S. dollars and the depreciation of its own currency. has sent inflation soaring.

For the first time. the exhibition and conference will include the downstream petroleum industry.

The other oil majors. by and large. also appear able to cover their capex and dividends with their cash flow. or at least are coming pretty close.

Oil major BP signalled a switch from ``defence to offence`` in its third-quarter profits update.

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

Some of those investments failed to pan out and BP in 2011 wrote off its solar business.

BP has a stake of nearly 20 percent in Rosneft and Dudley said he was very happy with the partnership and future projects.

The two companies will be represented by four board directors each. sharing nomination rights for senior executives.

BP is a global energy company with wide reach across the world’s energy system.

The London-based company has completed 5 of its 7 planned new projects for the year.