Friday 26 April 2024
 
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Oils pill

BP ousts exploration chief, vows safety boost

BP's incoming chief executive Bob Dudley ousted the oil group's exploration and production chief following the Gulf of Mexico oil spill and promised to restructure the company to boost safety. BP said on Wednesday Andy Inglis, the head of

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BP shares plunge, US threatens new penalties

The markets were closely eyeing British energy giant BP's stock price on Thursday after it plunged to a 14-year low in US trading on concerns about the costs of the giant Gulf of Mexico oil spill. President Barack Obama's administration, g

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