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Gasoline demand in the U.S. , which has been hit hard by the recession, will never return to 2007's peak, BP PLC Chief Executive Tony Hayward said in a report by The Wall Street Journal. Full Article at Energy Tribune
Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre, the UK registered charity dedicated to raising awareness of peak oil. Oil prices fluctuated in the high $70’s this week reflecting the ups and downs of the dollar. Full Article at Energy Bulletin
British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009. View Photo »
I am pleased that the shareholders of TNK-BP have agreed this plan. We are all agreed that Maxim Barsky has the capabilities to lead the company into its next phase of development, and confident that the further experience he gains in the coming year will fully equip him for the task of CEO.
THE European Union is not the only institution that prefers faceless technocrats to people with star power. Full Article at Economist
coal in particular. Electricity generation produces 41 percent of the CO2 the United States emits, the largest single source. Coal generates half of all U.S. electricity, but 80 percent of the resulting carbon. Full Article at TwinCities.com
Tony Hayward, chief executive of BP, writes in today's Washington Post: The public debate on climate change can seem beguilingly simple: alternative fuels good; fossil fuels bad. Full Article at National Review Online
British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009. View Photo »
We expect to invest around 15 billion dollars. It's a very significant undertaking for BP. We are going to focus on building the capacity and capabilities in Iraq, in the Iraqi oil industry for the benefit of Iraq and the people of Iraq. We are looking forward for the begining of long and mutual relatio...
But shaping our energy future will be more complex than simply using less fossil fuel and more alternatives. Full Article at The Washington Post
BAGHDAD Iraq on Tuesday finalized a deal with a British-Chinese consortium to develop its biggest oil field, a deal marking a milestone moment in the OPEC nation's push to lure foreign investors sorely needed to revamp its battered oil sector. Full Article at Northwest Indiana Post-Tribune
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British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009.
View Photo »British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009.
View Photo »British energy giant BP's new Swedish CEO Carl-Henric Svanberg (L) poses for photographs with former BP chairman Peter Sutherland (C) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009.
View Photo »British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009.
View Photo »Group Chief Executive, BP, UK, Tony Hayward, right, shares a word with Chairman and CEO of EDF, France, Pierre Gadonneix during a session at the World Economic Forum in Davos, Switzerland, Thursday Jan. 29, 2009.
View Photo »Tony Hayward, chief executive of European oil giant BP PLC, answers a question following his opening remarks at CERAWeek 2009 Tuesday, Feb. 10, 2009 in Houston.
View Photo »Tony Hayward, chief executive of European oil giant BP PLC , makes the opening remarks for Oil Day at CERAWeek 2009 Tuesday, Feb. 10, 2009 in Houston.
View Photo »Tony Hayward, chief executive of European oil giant BP PLC, makes the opening remarks for Oil Day at CERAWeek 2009 Tuesday, Feb. 10, 2009 in Houston.
View Photo »Tony Hayward, Group Chief Executive, BP, United Kingdom, attends a session at the World Economic Forum (WEF) in Davos January 29, 2009.
View Photo »BP Group Chief Executive, Tony Hayward, attends a session "Energy Outlook 2009" in Davos on January 29, 2009 on the second day of the World Economic Forum.
View Photo »Tony Hayward (L), BP's chief executive sits next to British ambassador to Iraq Christopher Prentice (R) after a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Tony Hayward (L), BP's chief executive, sits next to British ambassador to Iraq Christopher Prentice (R) after a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Iraq's Oil Minister Hussein al-Shahristani (R) laughs with Tony Hayward (C), BP's chief executive, and Jiang Jiemin (L), Chairman and the General Manager of CNPC, after a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Iraq's Oil Minister Hussein al-Shahristani (R) applauds next to Tony Hayward (C), BP's chief executive, and Jiang Jiemin (L), Chairman and the General Manager of CNPC, after a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Iraq's Oil Minister Hussein al-Shahristani (R) stands next to Tony Hayward (C), BP's chief executive and Jiang Jiemin (L), Chairman and General Manager of CNPC, after a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Dhia Jaafar, head of Southern Oil Company (R), shakes hands with Tony Hayward (C), BP's chief executive, during a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »Tony Hayward, BP's chief executive, signs the oil contract during a signing ceremony in Baghdad November 3, 2009.
View Photo »Britain's BP Tony Hayward speaks to the press following the signing of a major oil deal in Baghdad on November 03, 2009. Iraq formally signed a deal with Britain's BP and China's CNPC to almost triple production at a giant southern oilfield, an AFP correspondent reported.
View Photo »Iraq's Oil Minister Hussein al-Shahristani (R) talks to BP's chief executive Tony Hayward after signing the contract to invest in Rumaila oilfield during a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »China's Jiang Jemin (L), CEO of CNPC, attends the signing of an oil deal along with Dia Jaafar, the head of the Iraqi South Oil Company, Iraq's Oil Minister Hussein al-Shahristani and Britain's BP Tony Hayward (all unseen) in Baghdad on November 03, 2009.
View Photo »Jiang Jiemin, Chairman and the General Manager of CNPC, left, BP's CEO Tony Hayward, center, and Dhiya Jaafar, acting chief of Iraq's South Oil Company shake hands during an oil deal signing ceremony, in Baghdad, Iraq, on Tuesday, Nov. 3, 2009.
View Photo »China's Jiang Jemin (L), CEO of CNPC, shakes hands with Dia Jaafar, the head of the Iraqi South Oil Company, as Iraq's Oil Minister Hussein al-Shahristani (R) and Britain's BP Tony Hayward (C) stand by following the signing of an oil deal in Baghdad on November 03, 2009.
View Photo »Iraq's Oil Minister Hussein al-Shahristani (R) watches as BP's chief executive Tony Hayward (L) signs the contract to invest in Rumaila oilfield during a contract-signing ceremony in Baghdad November 3, 2009.
View Photo »China's Jiang Jemin (L), CEO of CNPC, shakes hands with Dia Jaafar, the head of the Iraqi South Oil Company, as Iraq's Oil Minister Hussein al-Shahristani (2nd R) and Britain's BP Tony Hayward (C) stand by following the signing of an oil deal in Baghdad on November 03, 2009.
View Photo »China's Jiang Jemin (L), CEO of CNPC, and Iraq's Oil Minister Hussein al-Shahristani (2nd L) look on as Britain's BP Tony Hayward swaps documents and shakes hands with Dia Jaafar, the head of the Iraqi South Oil Company, following the signing of an oil deal in Baghdad on November 03, 20...
View Photo »British energy giant BP's new Swedish CEO Carl-Henric Svanberg (C) poses for photographs with former BP chairman Peter Sutherland (L) and BP chief executive Tony Hayward (R) outside BP's headquarters in central London, on June 25, 2009.
View Photo »I am pleased that the shareholders of TNK-BP have agreed this plan. We are all agreed that Maxim Barsky has the capabilities to lead the company into its next phase of development, and confident that the further experience he gains in the coming year will fully equip him for the task of CEO.
We expect to invest around 15 billion dollars. It's a very significant undertaking for BP. We are going to focus on building the capacity and capabilities in Iraq, in the Iraqi oil industry for the benefit of Iraq and the people of Iraq. We are looking forward for the begining of long and mutual relatio...
We expect to invest around 15 billion dollars. It's a very significant undertaking for BP. We are going to focus on building the capacity and capabilities in Iraq, in the Iraqi oil industry for the benefit of Iraq and the people of Iraq. We are looking forward for the begining of long and mutual relatio...
BP lives on the frontiers of the energy industry ... The more volatile the markets, that's the time when you see BP at its best.
BP lives on the frontiers of the energy industry ... The more volatile the markets, that's the time when you see BP at its best.
We have a modest position in Canada's oil sands. We can see if we can make it even bigger over time
Copenhagen is a very important milestone on a very long journey
There has been a revolution in the gas fields of North America ... Reserve estimates are rising sharply as technology unlocks unconventional resources.
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