Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Bernard Looney: Dudley and Year Career

bernard looney: Dudley will retire in March, ending a 40-year career that began at Amoco, which was later bought by BP. He became CEO in 2010, shortly after a fire and explosion on the Deepwater Horizon drilling rig killed 11 workers and created an environmental catastrophe as oil gushed from the broken well at the bottom of the Gulf, according to CTV. Dudley, who grew up in Mississippi and was the first American to lead BP, succeeded Tony Hayward, who was criticized for his response to the spill -- famously complaining that he wanted his life back. Bernard Looney, 49, will become CEO and take Dudley's seat on the board in February, after the 64-year-old Dudley delivers the company's 2019 full-year financial results. The spill cost BP more than 60 billion, which Dudley managed by selling off businesses and refocusing operations. Bob Dudley took over a BP that was in deep crisis and built it back into a resurgent global player, restoring confidence outside the company, including with investors, and most crucially among BP's own employees, said Daniel Yergin, vice chairman of research firm IHS Markit and author of a sweeping book about the history of the oil industry. Later, he led the company through the oil-price collapse that began in 2014. ( As reported in the news.