Special Report: New CEO Dudley Isn’t the Long-Term Answer at BP, Expert Says

[rpannier]

This is an interview with Dr. Kent Moors. Moors area of expertise is energy and he is an energy insider.
Dr Moors is being interviewed about Bob Dudley, BP's new American point man.
I think it's interesting
Dudley sounds like a DUD

snip

A move was inevitable. Hayward had become a lightning rod. Short-term, replacement of the CEO allows for a "new renewal" approach. Largely a PR factor in that sense, but BP still makes its moves to embellish its image when in difficulty. Bob Dudley has senior level experience and has been awaiting something serious to do after being ousted as head of TNK-BP, BP's major Russian joint venture. Dudley managed to alienate the Russian partners to the extent that BP was in danger of losing its position in Russia if Dudley was not removed. BP saw TNK-BP as a way into Russian E&P (exploration and production) work, but did not want the venture to operate outside of Russia (where it would be a competitor to BP itself). The Russian partners, however, did.

snip

Yes, we met in Russia. He delegates excessively, not a particularly good administrator or executive on details. He is primarily a strategist. Has little field experience - he looks at matters with the view of a director, not a program manager. He sees the big picture, but is lost in the details. Problems, of course, arise from the details - not the overall strategic policy.

snip

Dudley does not seek outside advice. Owing to his limited project experience - I am talking here about having to get your hands dirty in the actual operational elements - he tends to defer excessively to inside advice. That's a bad idea when you stop to consider that it was the "inside advice" that resulted in the current disaster.

snip

Increasing problems experienced with an aging pipeline, terminal and capped field structure. In the last week alone, we've seen a barge collision with a capped well in the Gulf, a dramatic pipeline explosion in Dalian (China) and a Michigan pipeline rupture that sent oil spilling into the Kalamazoo River. More incidents such as these are on the way. The required capital expenditure to maintain this infrastructure are increasing fast.

link:
http://moneymorning.com/2010/07/31/bp-ceo-2/

[Skink]

1. Dudley's Mr. fix it.

do what has to be done to save whatever money they promised to pay then disappear.