• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 6 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 9 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 13 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 10 hours California's Oil Industry Collapses Despite Shale Boom
  • 15 hours Knock-Knock: Aircraft Carrier Seen As Barometer Of Tensions With Iran
  • 3 hours Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 19 hours The Consequences: Full-Blown Trade War Will Push World Towards Recession
  • 9 hours Greenpeace Blocks BP HQ
  • 5 hours Shale to be profitable in 2019!!!
  • 16 hours Australian Voters Reject 'Climate Change' Politicians
  • 19 hours IMO2020 To scrub or not to scrub
  • 14 hours UK Needs New Wind Turbines
  • 13 hours Will Canada drop Liberals, vote in Conservatives?
  • 20 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 23 hours Global Warming Making The Rich Richer
  • 5 hours DUG Rockies: Plenty Of Promise, Despite The Politics
  • 1 day Shell ‘to have commercial wind farms’ by early 2020s
  • 23 hours California Threatens Ban on ICE Cars
The 2 Energy Giants Reshaping The Middle East

The 2 Energy Giants Reshaping The Middle East

Typical crude oil producers such…

Saudi Arabia Strikes Back In Yemen

Saudi Arabia Strikes Back In Yemen

Saudi Arabia has launched an…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Former BP boss Tony Hayward is Glencore Xstrata’s New Chairman

Commodities trading and mining company Glencore Xstrata (LON:GLEN) announced Thursday it has named Tony Hayward, the former chief executive of oil major BP ((NYSE:BP), who left the firm in disgrace over Gulf of Mexico disaster, to be its permanent chairman.

Hayward, who has been Glencore Xstrata’s interim chairman since Sir John Bond was ousted by shareholders last year, is also chief executive of London-listed oil company Genel Energy Plc (LON:GENL).

Ivan Glasenberg, Glencore’s chief executive, will continue to run the Swiss-based company, with Hayward serving as non-executive chairman.

The appointment is quite the comeback for Hayward, forced out of BP in July 2010 after the Gulf of Mexico disaster — the vastest marine oil spill in history. He was vilified across America after he said he wanted his “life back” in the aftermath of the explosion that killed 11 people and devastated the livelihoods of many others.

Related Article: BP Return to Gulf of Mexico Marks U.S. Energy Sea Change

After leaving BP, the executive co-founded Vallares Plc with Nat Rothschild to tap into Iraqi Kurdistan's oil riches. He later bought Turkey-based oil firm Genel Energy and merged it with his investment vehicle.

Hayward, who began his career as a geologist working in the North Sea, has said he intends to expand Genel by exploring for oil and gas in places like Somalia and and Morocco.  However, there are questions about whether he will be able to do so now, as it is not clear he will retain his role as chief executive of Genel, with media reports suggesting he could leave within a year.

By Cecilia Jamasmie

Source: Mining.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News