Fox Business - The Power to Prosper
Search Site

Robert Dudley

Related Topics

  1. BP
  2. Oil Spill
  3. William R. Johnson
  4. Gary Kelly
  5. Paul Jacobs
  6. Greg Brown
Get updates on Robert Dudley
U.S. Posts Record Year for Oil Growth

BP (NYSE:BP) is adding to the chorus of amazed U.S. oil watchers.The energy giant's Statistical Review of World Energy, which has been being published for more than six decades, is the latest report to signal a shift in world energy markets as a result of the U.S. shale oil boom.According to BP, U.S. crude oil production last year recorded the largest increase in the world and the nation's history at more than one million barrels a day. Production totaled 8.9 million barrels a day, a 14% jump year-over-year.The nation's previous record was an annual gain of 640,000 barrels a day in 1967.The combination of hydraulic fracturing and horizontal drilling has allowed the industry to retrieve oil from shale rock formations, particularly North Dakota's Bakken Shale and the Eagle Ford Shale in Texas. Thanks to those booming shale plays, crude oil production in the U.S. has soared to help keep the global market adequately supplied and offset declining production in other regions.Meanwhile, with ...

Read More ›

  1. BP to Buy Back $8 Billion In Shares After Closing TNK-BP Sale

    U.K.-listed energy giant BP PLC (BP) said Friday it will buy back $8 billion of its shares, returning some of the proceeds to shareholders of the sale of its stake i...

  2. Rosneft Completes TNK-BP Deal

    Russian state oil giant OAO Rosneft (ROSN.RS) Thursday closed deals worth around $55 billion to take over TNK-BP and become the world's largest listed oil producer, ...

  3. BP Can Bid for U.S. Gulf Oil Leases Despite Suspension

    BP PLC (BP.LN) can bid in Wednesday's Gulf of Mexico oil lease sale but won't be granted a contract if a suspension from obtaining new contracts with the federal gov...

  4. Exclusive: BP's mighty trading unit under scrutiny as earnings drop

    BP's oil trading division, the alma mater for a generation of the world's top traders and a former cash-generating machine, is under greater scrutiny after becoming ...

  5. Shell CEO Awarded EUR3.3M Bonus Taking 2012 Pay to EUR5.1 Million

    Royal Dutch Shell PLC (RDSB.LN) awarded its chief executive Peter Voser a cash bonus of EUR3.3 million ($4.3 million) on top of an annual salary of EUR1.6 million an...

  6. Exclusive: TNK-BP tycoons turn to ex-BP bosses for help investing billions

    Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and ...

  7. Rosneft $55 Billion TNK-BP Deal Seen Closing By End March

    A $55 billion transaction in which Russian state-controlled OAO Rosneft will acquire TNK-BP from BP PLC (BP.LN) and the AAR consortium of Soviet-born tycoons is expe...

  8. BP Expects Gulf Spill Claims to Climb

    BP PLC (BP.LN) now expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disas...

  9. BP Expects Some US Gulf Oil Spill Claims To Be Higher Than Anticipated

    BP PLC (BP.LN) now expects to pay more than previously anticipated in compensation for private economic and property damage stemming from the Deepwater Horizon disas...

  10. BP In Talks with Rosneft on Russian Arctic Projects

    BP PLC (BP), which is taking a near-20% stake in Russia's OAO Rosneft (ROSN.RS), is in talks with the state-controlled firm on joint offshore projects in the Arctic,...

  11. BP CEO Awarded $837,000 Bonus Taking 2012 Pay Package To $2.67 Million

    BP PLC (BP.LN) awarded Chief Executive Bob Dudley a cash bonus of $837,000 on top of an annual salary of $1.726 million, the company's annual report for 2012 showed ...

  12. BP Expects to Receive Two Seats on Rosneft Board

    BP PLC (BP) expects to receive two seats on Rosneft's board after increasing its stake in the Russian state-controlled oil giant to nearly 20%, a spokesman said.BP i...

  1. BP Profits Lifted by TNK-BP Sale

    U.K. energy giant BP PLC (BP.LN) Tuesday posted a more than threefold increase in profit for the first quarter as proceeds from the sale of Russian joint venture TNK...

  2. BP First Quarter Profit Rises Sharply On TNK-BP Sale

    U.K. energy giant BP PLC (BP.LN) Tuesday posted a more than threefold increase in profit for the first quarter as proceeds from the sale of Russian joint venture TNK...

  3. TNK-BP Investors Urge Rosneft CEO to Resolve Conflict

    International investors in Russia's TNK-BP oil company appealed to the head of majority owner Rosneft (ROSN.RS) to resolve a conflict that has caused the value of th...

  4. BP Doesn't Need Large Acquisition to Replace Reserves -Executives

    BP PLC (BP BP.LN), which has recently completed a $38 billion divestment program in efforts to streamline the company and bolster its financial position, doesn't nee...

  5. Rosneft Approves Up to $10 Billion Loan from TNK-BP

    Russian state-owned oil giant Rosneft (ROSN.RS) said Tuesday its board of directors has approved a potential loan worth up to around $10 billion from TNK-BP, a joint...

  6. Rosneft Approves Loan of up to around $10 Billion from TNK-BP

    Russian state-owned oil giant Rosneft (ROSN.RS) said Tuesday its board of directors has approved a potential loan worth up to around $10 billion from TNK-BP, a joint...

  7. Analysis: Second "Shareholder Spring" unlikely to bloom in Europe

    While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by s...

‹ Prev12345…Next ›
Freebase CC-BY
Source: Robert Dudley on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL