BP chair ousted over 'serious concerns'
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The ousted chairman of BP has rejected “lies” about his conduct and said his views on cost-cutting and calling out “excessive expenditure” on things like a limousine or private flight were not shared by others at the firm.
BAKU, May 28 (Reuters) - Energy major BP will become the operator of a large offshore natural gas production project in Azerbaijan - the Babek gas field - three industry sources told Reuters on Wednesday.
The British oil major made a surprising move at the worst possible moment for a company finally getting its turnaround story right.
Oil giants Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were a major brake on the progress of the FTSE 100 in early trading after the long weekend, as investors reacted to a sharp fall in oil prices the previous day.