Keep on keeping on: Tony Hayward has moved on from a difficult period at the helm of BP following the Gulf of Mexico oil spill and has hit the road in the service of Genel Enerji. Harry Borden / Getty Images
Keep on keeping on: Tony Hayward has moved on from a difficult period at the helm of BP following the Gulf of Mexico oil spill and has hit the road in the service of Genel Enerji. Harry Borden / Getty Images
Keep on keeping on: Tony Hayward has moved on from a difficult period at the helm of BP following the Gulf of Mexico oil spill and has hit the road in the service of Genel Enerji. Harry Borden / Getty Images
Keep on keeping on: Tony Hayward has moved on from a difficult period at the helm of BP following the Gulf of Mexico oil spill and has hit the road in the service of Genel Enerji. Harry Borden / Getty

Tony Hayward's second chances


  • English
  • Arabic

He has been branded a lord, a criminal and "Tiny".

He has endured interrogation by the US Congress and sparked global outrage by going sailing in the middle of an environmental disaster that threatened to engulf one of the world's largest oil companies.

For the rest of his life, he is likely to be referred to on first mention as "the former chief executive of BP" and be remembered for the numerous PR missteps he made during the Gulf of Mexico oil spill in 2010.

Thank goodness for second chances.

These days, however, Tony Hayward, 55, has definitely moved on. He is likely to be found travelling, without an entourage, a couple of US dollar bills and a bank card in his pocket, between London, Ankara and Erbil, the bases of his latest company, Genel Energy.

On this January day, he is in Abu Dhabi, at the Yas Viceroy hotel, wearing a slate blue Hugo Boss polo shirt, his blazer slung over a nearby chair. There is not a single public relations representative in sight. No one there to make sure he does not utter the words "life" and "back" at an inappropriate moment. May 20, after the spill, he told a reporter "we're sorry for the massive disruption it's caused to their lives. There's no one who wants this thing over more than I do, I'd like my life back".

He remains standing for the interview because his lower back hurts. Right away he asks what The National thinks of his speech from the previous day, which he wrote himself. If you didn't know that he has been capable of raising billions of dollars and securing the rights to some of the most attractive oilfields in the world, you could easily mistake him for just another guy off the rig.

"I think what I did learn from 2010, [is] don't try and predict the future, because you never quite know what's coming around the corner," he says. "If you'd have said to me three years ago that I would be the CEO of a small Turkish company with a big interest in Kurdistan, exploring in Somaliland and various other places, I probably wouldn't have thought it was a very likely outcome."

When he was at the helm of a global oil empire, operating concessions in Abu Dhabi and elsewhere where teams of engineers pumped close to 4 million barrels of oil a day, his plan was to stick around for six or seven years and then "go on and become a chairman of something".

Today, his goals are more modest: broaden Genel Energy's portfolio, which includes Somaliland, Morocco and the Ivory Coast, and increase production to 400,000 barrels per day by the end of the decade. "That's pretty small really - maybe competing with Mubadala or Taqa, but not with BP," he says with a smile.

Mr Hayward remains a sought-after voice in the industry, sitting on the board of the mining giant Glencore and giving speeches to packed houses just as he did this month in Abu Dhabi to executives from Total, ExxonMobil and other oil giants.

But there's one subject he won't touch.

"I've never talked about the Gulf of Mexico - my lessons or anything - and I'm not going to," he says. "They're things that I keep for myself. One day I might, but for now, they're just for me."

Mr Hayward grew up as the oldest of seven children in Slough, just outside London, the son of a secretary and a middle manager in a textile factory.

He played football, went to the local grammar school and, with the scouts, tried sailing - a sport he would later take seriously enough to invest in a yacht worth several hundred thousand dollars with high-profile friends from the business world including the chief executive of Centrica, the British gas company.

But as a child, that kind of luxury wasn't on his radar. "My parents didn't have much money because we had a big family," he says. "I had a very humble beginning."

A love of the outdoors led to his studying geology at Birmingham. He went to Edinburgh for a doctorate, carrying out dissertation research in Turkey. By the time he finished in 1982, he was considering a life in academia but kept getting calls from oil companies.

"It was a great time to be a geologist with a PhD in the right subject," he recalled. "The oil price was US$75, $80 a barrel, boom time, everyone was recruiting like crazy. I had job offers from many people. The thing that swayed me ultimately was the chief geologist [at BP] called me up and said, 'We'd really like you to come.' I said: 'Ah, that's good.'"

BP deployed him first to Aberdeen as a rig geologist, where he loved going to offshore rigs during the North Sea oil boom. Soon afterward the company sent him to Paris, then China, Colombia and eventually Venezuela, where he headed BP's operations during the mid-1990s when the government opened up its oil industry to foreign investors.

"It was a bit like the Iraq licence rounds," he recalls. "It was successful because they had better terms and it was more commercial … it wasn't perfect but it was going well. And then politics changed."

Hugo Chavez came to power, and Mr Hayward moved to London to carry out the integration of BP and Amoco. It was the first of a series of mega-acquisitions among oil companies that dominated the 1990s and created majors designed to be sheltered from price shocks. He looks on that legacy with ambivalence.

"It hasn't worked out that way," he told oil company executives in the Abu Dhabi speech. "As a group supermajors have been unable or sometimes unwilling to pursue initiatives to deliver rolling growth … As an investment class, they've been underwhelming."

After the merger integration, he continued to climb the ranks, from BP group treasurer to head of exploration and production. Lord Browne, the chief executive at the time, singled Mr Hayward out as one of his protégés, whom he nicknamed turtles after the Teenage Mutant Ninja Turtles.

When Lord Browne left over a scandal that involved spending company funds on a romantic partner, Mr Hayward took over.

Quieter than his predecessor, he refocused the company on oil, a change from Lord Browne's slogan of "Beyond Petroleum" and flashy investments in solar power and other emerging technologies. An explosion at BP's Texas City refinery that killed 15 workers in 2005 reiterated the importance of safety on Mr Hayward's agenda.

"If you actually looked at what I did at BP, you'll find that I focused enormously on safety, enormously," he says. "I transformed the place actually. But you know, accidents still happen, unfortunately."

The Deepwater Horizon exploded on April 20, 2010; he resigned on July 27.

"It was a tremendous privilege and I loved it at the time," he says of heading BP. "I wouldn't change one day of it actually. But it's very demanding. Being the CEO of one of those companies, it's 24 hours a day, 7 days a week and it's relentless. Everyone wants a piece of you."

The interview is finished; he is off to dinner with longtime friends in the emirate. He puts on his jacket and starts on his way, alone.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: 

  • UAE bt Nepal by 78 runs
  • Hong Kong bt Singapore by 5 wickets
  • Oman bt Malaysia by 2 wickets

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

Fringe@Four Line-up

October 1 - Phil Nichol (stand-up comedy)

October 29 - Mandy Knight (stand-up comedy)

November 5 - Sinatra Raw (Fringe theatre)

November 8 - Imah Dumagay & Sundeep Fernandes (stand-up comedy)

November 13 - Gordon Southern (stand-up comedy)

November 22 - In Loyal Company (Fringe theatre)

November 29 - Peter Searles (comedy / theatre)

December 5 - Sinatra’s Christmas Under The Stars (music / dinner show)

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The%20Roundup
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Match info

Deccan Gladiators 87-8

Asif Khan 25, Dwayne Bravo 2-16

Maratha Arabians 89-2

Chadwick Walton 51 not out

Arabians won the final by eight wickets

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MATCH INFO

Uefa Champions League, semi-final result:

Liverpool 4-0 Barcelona

Liverpool win 4-3 on aggregate

Champions Legaue final: June 1, Madrid

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

TOUR RESULTS AND FIXTURES

June 3: NZ Provincial Barbarians 7 Lions 13
June 7: Blues 22 Lions 16
June 10: Crusaders 3 Lions 12
June 13: Highlanders 23 Lions 22
June 17: Maori All Blacks 10 Lions 32
June 20: Chiefs 6 Lions 34
June 24: New Zealand 30 Lions 15 (First Test)
June 27: Hurricanes 31 Lions 31
July 1: New Zealand 21 Lions 24 (Second Test)
July 8: New Zealand v Lions (Third Test) - kick-off 11.30am (UAE)