Content about chief executive

Richard Schooling, chief executive of multi-marque car leasing and fleet management company Alphabet, explains how companies can leverage innovation to fuel the supply chain.

Liquid fuel oils the wheels of the global supply chain. Worldwide, transportation burns through 8.5 billion litres of petroleum products a day, using up 62 per cent of the world’s oil production and 25 per cent of its total energy consumption.

Tullow Oil has agreed new production sharing contract (PSC) arrangements with the government of Mauritania and its joint venture partners, allowing it to progress exploration in the country.

Tullow said the deal would enable it to progress the appraisal and development of existing discoveries and pursue exploration in a new contract area covering 10,725 square kilometres, with Tullow as operator.

Eurostar, the high-speed passenger rail service, has reported strong growth in first half sales revenues and passenger numbers.

Sales revenues were up four per cent from £404 million to £421 million in the first half of 2011, with passenger numbers rising three per cent from 4.6 million to 4.7 million year-on-year.

Dorian Wrigley, COO of mining investment company Village Main Reef, talks to Jayne Flannery about the importance of innovation versus tradition in the company’s strategic approach to its asset portfolio.

Logistics companies have had to rethink their business models over the last few years, as customer trends have moved away from the traditional long haul service to a one-stop solution. Abdool Tayob, chief executive of Bakers Transport, talks to Andrew Pelis about how the changes have benefited this family-run success story.

Bord Gais Energy is to invest €2 million in OpenHydro, an Irish tidal renewable energy firm, in a joint venture to develop a large-scale tidal farm off the coast of Ireland.

Bord Gais, a gas supply company, will start with an investment of €1 million and provide another €1 million on achievement of certain development milestones.

Bob Dudley, the new chief executive of UK oil giant BP, has signed a deal to develop a major natural gas field in Azerbaijan.

The agreement is to develop the deepwater Shafaq-Asiman field, which lies 125 kilometres south-east of Baku. The deal was signed by Rovnag Abdullayev, president of Azerbaijan’s national oil company SOCAR, and Rashid Javanshir, president of BP Azerbaijan.

The gas field has estimated reserves of 17,000 billion cubic feet, similar to the Shah Deniz gas field (also in Azerbaijan), in which BP has a 25.5 per cent stake.

Canadian Prime Minister Stephen Harper has entered the battle for ownership of Potash Corporation of Saskatchewan, the world's largest producer of potassium carbonate, used as fertilizer all over the world.

Anglo-Australian mining giant BHP Billiton has launched a hostile takeover bid to acquire Potash Corp for $39 billion, but Harper warned yesterday that his government could block a takeover if it was not a "net benefit" to Canada.

Twenty-first century oil
Jane Bordenave talks to Harsh Sinha, chief executive of Gulf Petrochem, one of the fastest growing oil trade businesses of the moment.
Gulf Petrochem is one of the most important oil traders and producers of value-added oil products in the United Arab Emirates. Founded by entrepreneurs Ashok Goel and Sudhir Goyel in 1998, the Sharjah-based company now has a turnover of $211 million.