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Author Topic: BP to reorganize oil and gas operations Back to Topics
MidNJ

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New Jersey

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Message Posted: Nov 24, 2012 12:49:02 AM

BP unveiled a reorganization of its oil and gas production operations on Friday, reversing a change it enacted after the Gulf of Mexico oil spill.

The latest move is intended to free Chief Executive Bob Dudley from close oversight of day-to-day operations so he can help chart BP's recovery from the disaster which killed 11 men and spilled 5 million barrels of crude into the sea.

BP's shares failed to recover since the Macondo well was capped, and Dudley has been criticized for failing to communicate a strategy for growth.

Lamar McKay, currently head of BP's U.S. operations, becomes head of a new exploration/production (E&P) unit it called Upstream.

BP planned to announce his appointment internally next week but brought forward the announcement a Reuters revealed the plan. . .
Visit Reuters for full article
REPLIES (newest first) Post a Reply
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Nov 26, 2012 5:41:38 AM

morally bankrupt
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jrs4125
Champion Author Indiana

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Message Posted: Nov 26, 2012 4:16:28 AM

Alright Lamar
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DanMtz
Champion Author Oakland

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Message Posted: Nov 25, 2012 8:16:20 AM

BP ought to sell itself. It's brand is shot.
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PDQBlues
Champion Author San Diego

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Message Posted: Nov 24, 2012 7:17:58 PM


Several local BP stations have already abandoned BP for others.

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YaBassa
Champion Author Michigan

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Message Posted: Nov 24, 2012 5:39:44 PM

BP's name will also change in an effort to distance themselves from Deepwater Horizen
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Ply440GTX
Champion Author Phoenix

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Message Posted: Nov 24, 2012 12:18:44 PM

As well they should... Exxon STILL has the black mark of the Exxon Valdez on its name.
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CityCouponer
Champion Author New Orleans

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Message Posted: Nov 24, 2012 10:29:28 AM

Hmmm
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Luckylindy
Champion Author Milwaukee

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Message Posted: Nov 24, 2012 9:15:14 AM

I should hope so.
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gs7101
Champion Author San Antonio

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Message Posted: Nov 24, 2012 8:14:17 AM

Noted.
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wamster
Champion Author Houston

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Message Posted: Nov 24, 2012 8:14:02 AM

Reorganize with safety as a priority.
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Straitliner
Champion Author Illinois

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Message Posted: Nov 24, 2012 8:11:13 AM

They will be a better company when all is done.
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MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Nov 24, 2012 6:38:39 AM

Let's hope they pay up first.
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FocusST2
Champion Author North Carolina

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Message Posted: Nov 24, 2012 6:11:38 AM

Let's see if this helps with BP paying all of those fines.
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coughlin
Champion Author San Jose

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Message Posted: Nov 24, 2012 5:58:28 AM

BP was down to $27 and I am aggravated at myself for not buying.
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millerin
Champion Author Orlando

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Message Posted: Nov 24, 2012 4:20:16 AM

good for them
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OHMS
Champion Author Orange County

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Message Posted: Nov 24, 2012 3:30:48 AM

let us see;
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LauraLea5
All-Star Author Ontario

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Message Posted: Nov 24, 2012 3:26:53 AM

okay
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pricewar
Champion Author Ogden

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Message Posted: Nov 24, 2012 2:31:07 AM

Reorganize means heads will roll...we will see
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GDAE
Champion Author Wichita

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Message Posted: Nov 24, 2012 1:32:01 AM

Clean house.
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MrLefty0706
Champion Author Chicago

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Message Posted: Nov 24, 2012 1:25:45 AM

I think some of the BP leaders will be going to prison.
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Amplion
Champion Author Oregon

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Message Posted: Nov 24, 2012 1:25:19 AM

KICK BP/ARCO/CASTROL OUT OF THE USA !!!
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72_Monte
Champion Author Twin Cities

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Message Posted: Nov 24, 2012 1:08:09 AM


Good luck with that.
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WIWalt
Champion Author Wisconsin

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Message Posted: Nov 24, 2012 12:59:17 AM

ok
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