BP Names Former Statoil Boss Lund as Next Chairman
, will replace Carl-Henric Svanberg, chairman of BP for almost nine years, at the beginning of next year.The 55-year-old Lund steered Statoil through its transformation from a state oil company into a leading global player, and is likely to have to navigate BP through the succession of its veteran CEO Bob Dudley later this decade."It is a good appointment," said Rohan Murphy, analyst at asset manager Allianz Global Investors."He has already had a great career and coming from Statoil and BG shows his upstream expertise which is still the main driver of earnings at BP so it is key to understand
Changes in Statoil's Top Deck
Chief Financial Officer. Hegge will become U.S. country manager.John Knight, Statoil's head of global strategy and business development, who is based in London, will be replaced by Al Cook, an executive in the international development and production division, who was once chief of staff to BP CEO Bob Dudley.Tim Dodson remains Statoil's head of exploration."The changes in top management and our business area structure will strengthen our ability to deliver ... as we develop as a broad energy company", chief executive Eldar Saetre said in a statement.In March, Statoil said it was changing
BP Exploration Boss Leaves in Reorganization
BP's head of exploration Richard Herbert is leaving the British oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits. Herbert, a BP veteran and a long-time ally of Chief Executive Bob Dudley, rejoined BP in October 2013 after several years at rival Talisman Energy. His task was to lead exploration activity to help the firm rebuild investor confidence following a deadly U.S Gulf oil spill in 2010. But as oil prices began to crash from mid-2014 and BP had to shed assets to pay off some $50 billion in U.S.
Iain Conn to Leave BP
of BP’s board and leadership team for the past decade and more, Iain has made a major contribution to shaping today’s BP. I have greatly enjoyed working with him during my time as Chairman and, on behalf of the whole board, wish him the best for the future.” Bob Dudley, BP Chief Executive said: “Iain has led the repositioning of BP’s Downstream business over the past few years, transforming and greatly strengthening both its portfolio and performance – financially and also in terms of safety and operations. He has been an invaluable
Oil Majors Cut Staff in Iraq on Violence Fears
. But oil firms are taking no chances with the foreign expert staff who could be prime targets for jihadists. And some importers of Iraqi oil are getting nervous about supplies. "We are just very vigilant in Iraq. Non-essential production people have left, but operations continue," said Bob Dudley, chief executive at BP, a major investor in Iraq through the giant Rumaila field. He was speaking to reporters in Moscow. Industry newsletter Iraq Oil Report said Exxon Mobil, which is developing another huge field, West Qurna 1, was also cutting staffing levels. Exxon declined comment. In
