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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
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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
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THE European Union is not the only institution that prefers faceless technocrats to people with star power. Full Article at Economist
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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
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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
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But shaping our energy future will be more complex than simply using less fossil fuel and more alternatives. Full Article at The Washington Post
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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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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. ... Full Article at Reuters Alert Net
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When Tony Hayward took over at BP two and a half years ago, he knew things were bad. He just didn’t know how bad. One of the first calls the new chief executive made was to Bain & Company. Full Article at Times Online
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Ask Tony Hayward what his legacy as BP’s chief executive will be and he’ll tell you it is to leave behind a company that will not fall repeatedly into the man-made disasters that have periodically destroyed all the good work achieved at the £107... Full Article at Times Online
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The era of the oil industry mega merger is over, according to the chief executive of BP. Tony Hayward said that there is “no industrial logic at all” to the type of big-ticket takeovers that transformed the industry a decade ago. Full Article at Times Online
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This week Tony Hayward, the chief executive of BP, must have thought that he had finally moved out of the long shadow of Lord Browne of Madingley. Full Article at Times Online
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LONDON -- BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly. Full Article at China Post
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BP HAS beaten third-quarter earnings forecasts by a big margin in a sign that chief executive Tony Hayward’s restructuring plans are delivering results, with cost cuts ahead of targets and oil and gas output up strongly. Full Article at Irish Times
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When Tony Hayward moved into the executive suite at BP’s London headquarters in May 2007, one of the first things he did was to order changes in the boardroom. Full Article at Times Online
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His "formula for success" was straightforward: "Rise early, work hard, strike oil." You wonder if Tony Hayward, BP's chief executive, isn't on to something similar after yesterday's slick third-quarter results. Full Article at The Telegraph
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Profit excluding non-operating items and inventory changes fell 47 percent to $4.67 billion, a smaller drop than some analysts expected. Full Article at Gainesville Sun
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BP Plc beat third-quarter earnings forecasts by a big margin in a sign chief executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly. Full Article at TVNZ
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BP investors based in the UK might feel a little aggrieved that their dollar-denominated dividend will actually have shrunk in sterling terms over the course of this year. Full Article at The Telegraph
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Oct. 27 (Bloomberg) -- BP Plc, Europe’s second-largest oil company, posted third-quarter earnings that beat analyst estimates and raised its cost-cutting target for the year, sending the shares to a 16-month high. Full Article at Bloomberg.com
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Getty Images
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.
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Getty Images
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.
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Getty Images
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.
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Getty Images
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.
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AP 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.
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AP 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.
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AP 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.
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AP 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.
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Reuters Pictures
Tony Hayward, Group Chief Executive, BP, United Kingdom, attends a session at the World Economic Forum (WEF) in Davos January 29, 2009.
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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.
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Reuters Pictures
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.
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Reuters Pictures
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.
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Reuters Pictures
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.
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Reuters Pictures
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.
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Reuters Pictures
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.
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Reuters Pictures
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.
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Reuters Pictures
Tony Hayward, BP's chief executive, signs the oil contract during a signing ceremony in Baghdad November 3, 2009.
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Getty Images
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.
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Reuters Pictures
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.
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Getty Images
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.
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AP 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.
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Getty Images
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.
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Reuters Pictures
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.
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Getty Images
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.
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Getty Images
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...
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Getty Images
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.
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