By February 7, 2017 Read More →

BP may ‘incrementally’ increase US shale portfolio

US shale

BP CEO Bob Dudley says the company will use a lot of discipline in US shale development as asset prices are high. Reuters file photo by Suzanne Plunkett.

BP looks to green light US shale, Oman, Trinidad, Tobago and India projects

LONDON, Feb 7 (Reuters) – BP is looking at ways to incrementally increase its footprint in US shale oil and gas production, its Chief Executive Officer Bob Dudley said on Tuesday.

Dudley said the company will use “a lot of discipline” in investments in the sector as asset prices are high.

Talking to analysts after reporting its 2016 results, Dudley also said the British oil and gas company was considering giving the green light to several projects around the world, including in Oman, Trinidad and Tobago and India.

(Reporting by Ron Bousso; editing by Jason Neely)

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