Bob Dudley on British Petroleum

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Last quote by Bob Dudley on British Petroleum

The start of production from Khazzan, BP's sixth and largest major project start-up so far this year, is an important milestone in our strategic partnership with Oman. With further development already planned, this giant field has the potential to produce gas for Oman for decades to come. Khazzan further demonstrates BP's ability to consistently deliver large, complex projects on schedule and within budget while applying the industry-leading skills and technology we've developed globally.feedback
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Sep 25 2017
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All quotes by Bob Dudley on British Petroleum

As much as a US$1 trillion of big projects have been canceled or deferred around the world and that could catch up with the world.feedback

As we look forward we expect the external environment to remain challenging, but we have a strong pipeline of new projects.feedback

We do see the market coming into balance, it may already be there. There's a lot of stocks. It will take some time to work its way off, 18 months or so.feedback

Market fundamentals continue to suggest that the combination of robust demand and weak supply growth will move global oil markets closer into balance by the end of the year.feedback

We are continuing to move rapidly to adapt and rebalance BP for the changing environment. We're making good progress in managing and lowering our costs and capital spending, while maintaining safe and reliable operations and continuing disciplined investment into the future of our portfolio. Our plans set out a clear course for BP for the medium term and will allow us to deliver growth in the longer term.feedback

The first and second quarter will be very difficult… It is a big shock for producing countries. It reminds me of (the oil crisis in) 1986.feedback

Prices will remain low for longer but not forever.feedback

There's no question that we're going to learn a lot from this accident in the Gulf coast. It's going to be about equipment, people, different companies and as a result of that we're going to learn a lot from that – both BP and the industry – and I'm sure there will be changes.feedback

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Quotes by Bob Dudley on British Petroleum

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