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Mad Dog put on leash

BP CHIEF executive officer Bob Dudley has signalled that the company will slow down the Mad Dog phase 2 project in the Gulf of Mexico, with joint venture partners including BHP Billiton agreeing that market conditions and costs are not right for the project.

Mad Dog put on leash

Speaking to analysts after releasing the company's first-quarter results and revealing the parking, he allayed fears that it would pull the pin on the project, instead saying a phased development could...

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