Robert Dudley becomes the first non-Briton to head BP
According to the American government estimates, about five million barrels of oil has spilled into the Gulf of Mexico hitting the economies of five states and killing countless number of sea creatures and birds.
DUDLEY DO-right is what the US officials seem to be saying now after the infamous BP oil spill off the shores of America in the Gulf of Mexico.
Making an American CEO of the British company can soften the American criticism and also enable BP to improve it's relationship with the Americans. Meanwhile, Hayward will not be completely stripped off his posts and responsibilities. According to people familiar with the matter,Tony Hayward will be made non-executive director of TNK-BP Ltd one of BP's joint ventures with Russia. Hayward played a key role in the formation of TNK-BP which was earlier headed by Robert Dudley. He had to escape the country because of a spat between BP and its partners. Analysts at banking major, Barclays say that BP might record a loss of $13 billion for the second quarter as they have already announced to introduce reserves for $25 billion which was a precautionary measure for the spill that happened. Such mammoth figures would limit the 77 percent jump in the underlying profits. According to American government estimates, about five million barrels of oil has spilled into the Gulf of Mexico hitting the economies of five states and killing countless number of sea creatures and birds.
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