UK major BP, one of the leading LNG producers with two current world-class LNG production projects in Alaska and Mauritania-Senegal and volumes booked from the US Gulf Coast and nations such as Mozambique confirmed that Chief Executive Bob Dudley was stepping down after a 40-year career with the UK major and nine years as CEO.

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UK major BP doubled its third-quarter net income and also started up three major upstream natural gas projects that will help boost LNG output in three countries, Australia, Trinidad and Oman.

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BP of the UK has started an initial public offering of shares for a US spin-off, BP Midstream Partners, to raise almost $900 million by selling 42 million shares in its Houston-based pipeline assets, including key natural gas transportation systems in the area.

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