BP faced angry protesters at its first annual general meeting since the disastrous Gulf of Mexico oil spill.
It is almost one year since 11 workers were killed when a drilling rig leased by BP exploded, unleashing millions of barrels of oil. Fishermen from the US, trade unionists, and other protesters waved banners and banged drums outside the meeting.
Meanwhile, BP and Russian’s Rosen have extended the deadline for their planned £10bn share swap by a month. The planned deal with Rosen, which is owned by the Russian state, has been on hold after TN, Bps Russian partners in its existing Russian joint venture, TNK-BP, won an injunction.
The Rosneft plan would give BP access to potential vast new energy reserves in the Russian Arctic Circle, and is a key part of BP’s turnaround strategy. BP and Rosneft have now extended the deadline for the share swap to 16 May