The commodity trading giant has appointed the former Canadian mining executive to its board.
BP’s embattled boss Tony Hayward is touring City investors in an attempt to restore his tattered reputation and secure his future at the oil company.
The oil spill hits its 40th day on Saturday with Gulf residents clinging to one hope: that BP’s complicated "top kill" operation will plug the well.
Oil at a barrel should give exporters every incentive to pump more, but their difficulty in doing so shows the world is struggling to sustain production. A growing number of leading industry figures now question mainstream forecasts for supply, suggesting the era of ”plateau oil” is nearer than many had admitted.
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/ 23 October 2007
British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said on Tuesday that third-quarter profits slumped owing to lower output, weak United States gas prices and refinery outages. Net profit on a replacement-cost basis plunged 44,5% from a year earlier to $3,87-billion in the three months to September.