BP (BP) said Monday that its board unanimously decided to remove Albert Manifold as chair and director, effective immediately.
"This follows serious concerns raised to the Board related to important governance standards, oversight and conduct," BP said.
The board appointed Ian Tyler as interim chair, effective immediately, the company said.
Baker Hughes (BKR) said Tuesday it has extended its contract with Petrobras (PBR) to provide integrated well construction services in Brazil's Santos Basin.The company said it will supply drilling and well construction technology, including its rotary steerable system, logging-while-drilling tools and extended-life drill bits, to support deepwater development of pre-salt oil and gas fields.Financial terms were not disclosed.Shares of Baker Hughes were 0.7% lower in premarket trading.