BP chief executive Bob Dudley has denied the company is backing away from the UK offshore oil industry after recent field sales and has called for greater exploitation of Britain's shale oil and gas reserves.
BP chief executive Bob Dudley has denied the company is backing away from the UK offshore oil industry after recent field sales and has called for greater exploitation of Britain's shale oil and gas reserves.
Custom byline text:
Tim Sharp City Editor
Mr Dudley's comments came after BP revealed its fourth quarter profits were down one-fifth on last year at $4 billion (£2.5bn) as the scaling back of its asset base led to a 7% fall in oil and gas output in the quarter.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
