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OBITUARY

EDWARD LANIGAN igem.org.uk
GRADE: Chartered Member facebook.com/IGEMpage
SECTION: London, Southern & Eastern twitter.com/IGEMGi
AGE: 79
JOURNAL OF THE INSTITUTION OF

GAS PEOPLE GAS ENGINEERS AND MANAGERS

BP CHIEF EXECUTIVE BOB DUDLEY TO £500m in green investments
DIGEST
Energy regulator Ofgem
appoints new chief
UK government announces
STEP DOWN AFTER DECADE AT HELM NOVEMBER 2019 British universities lead
the way for hydrogen

FOUNDED 1863
ROYAL CHARTER 1929
THE GREEN HOUSE
Preparing consumers for the future
Covers.indd 1 17/10/2019 13:57
PATRON PRODUCED AND DESIGNED
Her Majesty The Queen BY SYON MEDIA
+ 44 (0) 203 900 0145
PRESIDENT E: gi@syonmedia.com
Antony Green www.syonmedia.com
BOB DUDLEY will step down as BP Chief Executive next year CEng FIGEM CWEM
after a turbulent decade in which he returned the UK energy FCIWEM MIW ©
major to growth after the 2010 Deepwater Horizon disaster PRESIDENT ELECT
brought the company close to collapse. Duncan Wong
Bernard Looney, the company’s Head of Exploration and CEng MIGEM
Production and a long-time frontrunner to succeed the Published by IGEM
64-year-old Mr Dudley, will take over in February, according VICE-PRESIDENT T: +44(0)1509 678 159
to The Financial Times. Ben Clarke E: general@igem.org.uk
CEng MIGEM IET
Helge Lund, BP’s Chairman, said: “[Mr Dudley] was IGEM House,
appointed Chief Executive at probably the most challenging HONORARY SECRETARY 26 & 28 High Street, Kegworth
time in BP’s history. He has led the recovery from the Gordon Davies Derby
Deepwater Horizon accident, rebuilt BP as a stronger, safer CEng FIGEM DE74 2DA.
company and helped it re-earn its position as one of the CHIEF EXECUTIVE OFFICER Registered Charity No. 214011
leaders of the energy sector.” Neil Atkinson
Mr Dudley, who has long said he would retire around his CEng FIChemE HonFSE ISSN 1755-5477
65th birthday, became Chief Executive after Tony Hayward
stepped down following the Deepwater Horizon disaster in EDITORIAL & SUBSCRIPTION It is believed that the
ENQUIRIES:
statements made in this
the Gulf of Mexico that killed 11 rig workers and led to the Sharon Baker-Hallam publication are based
largest oil spill in US history. BA Hons AIGEM on accurate and reliable
The American Chief Executive had to steer the company T: +44(0)1509 678 186 information. The views
to recovery after being on the brink of bankruptcy, triggering E: sharon@igem.org.uk expressed are not necessarily
asset sales to pay for more than $60 billion in legal and clean- ADVERTISING ENQUIRIES those of the publisher. No
liability can be accepted for
up costs. BP shares have risen 23 per cent since 2010. Ian James any error or omission.
The oil crash in 2014, the worst in a generation, also T: +44(0)20 3900 0146
battered the energy sector, forcing companies to cut costs E: gi@syonmedia.com
dramatically, streamline operations and re-evaluate their SUBSCRIPTION RATES
portfolio of assets to ensure they could survive in an era of UK: £129.99 per annum
low crude prices. Overseas: £169.99 ($266)
BP has since rebuilt itself and embarked upon an per annum
expansion of its production arm, including the $10.5 billion
deal in 2018 to buy BHP’s US shale assets, the biggest
acquisition for the company in 20 years.
The change in leadership comes at a time when BP, like
other oil and gas groups, is under increasing pressure from
investors and climate activists to take responsibility for its role UNLESS STATED ALL IMAGES ARE CREDITED TO SHUTTERSTOCK.COM
in enabling global warming by producing fossil fuels.

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