BP ex-CEO in talks on Abu Dhabi oil firm - paper

Sun Feb 6, 2011 3:56pm GMT
 

* BP ex-CEO Hayward considering other proposals - paper

* Oil firm financed by Abu Dhabi sovereign fund - paper

LONDON Feb 6 (Reuters) - Former BP (BP.L: Quote) boss Tony Hayward has been approached to launch a new Abu Dhabi-backed oil firm less than six months after he quit in the wake of the Gulf of Mexico oil spill, the Sunday Times reported.

The new oil firm would have several billion dollars in funding from Abu Dhabi's sovereign wealth fund, the paper said, adding that the plan was still in its early stages and was one of several Hayward is considering.

Hayward could not be reached.

Hayward stepped down as BP chief executive in September amid criticism in the United States of his handling of the oil spill, which began with a deepsea rig explosion that killed 11 workers.

He was reported last month to be in talks about joining the board of commodities group Glencore. [ID:nLDE70M09F] (Reporting by Myles Neligan)

Market Update

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.6594
Euro USD =1.3124
Rand USD =0.0937