[OPEC is due to meet in the next few months, and the oil bosses thought it could come up with more cuts in production output.] OPEC ministers will come back to the table, and there will be some adherence to cuts, ... but there are tough problems to solve. |
BP's fourth quarter result was particularly hit by the continued shutdown of our Texas City refinery, during its refurbishment. |
Certainly 1998 was worse than we expected. We saw the oil price falling at the beginning of the year and we took quick action to recognize that falling price and it kept falling, |
Energy is an issue of national security in which governments, and the state companies that they have established, are likely to be involved for a long time. |
General economic slowdown, a sharp fall in oil and gas prices certainly made for tough going, |
I am accountable for all the actions at my laboratory. I am accountable for all of the policies and procedures of security systems, and I am accountable for the training of the individuals working in the lab. We can't excuse them if they ignore these policies, if they are negligent, we have to hold them accountable as well. |
I am especially delighted with the growth in oil and gas production and the quality of the downstream performance. All of this has given us the ability to increase the dividend, |
I think that the incident that we dealt with this week was a serious incident. I think security at our lab is very strong, however. The lab has always taken security very seriously and we have a program in place that I think will address issues like these in the future. |
India is one of the fastest growing energy markets in the world and we have been evaluating a range of potential areas where BP might become involved, |
India is one of the fastest growing energy markets in the world. |
Innovene has proved to be a very attractive business to its peers in the chemicals sector, |
It fulfills some of our strategic objectives, particularly in gas, |
It is sad and regrettable that we are having to let very good staff go. But putting together two organizations means that we need fewer people and that situation is exacerbated by the continuing low oil price and hostile environment. |
It made it more difficult to easily visually observe whether a person had a clearance, |
It was at that point that they noticed that these hard drives were missing, ... They did not immediately call their supervisors, and the lab was closed for two weeks. |