Share price of BP falling - will Shell take over BP?

Share price of BP falling – will Shell take over BP?

As the London Stock Exchange opened at 09.00 on Tuesday, 16th December, BP’s shareprice was down to 365 pence. It was the bottom of a long slide from 448 pence on the 21st November and investors in the company looked concerned that BP was failing badly. Shares in BP have lost 25% of their value...
BP using crackdown to steamroll unpopular project in Egypt

BP using crackdown to steamroll unpopular project in Egypt

BP is back in Cairo. The multinational never quite left, but intense community opposition put its flagship North Alexandra project on hold during the last three years. With former military leader Abdel Fattah El-Sisi firmly installed in the President’s chair, now BP has seen an opportunity to restart drilling and construction.  CEO Bob Dudley was...

How BP made friends with Mu’ammar Gaddafi

On Monday, BP CEO Bob Dudley declared that “we remain committed to doing business” in Libya and stressed that offshore operations in the region were still open and continuing. That morning, stories of tanks crushing unarmed protestors in Benghazi and massacres by (British-built) sniper rifles had been front page news. As Dudley spoke, reports emerged of airstrikes targeting demonstrations...