TNK-BP, half-owned by oil major BP, said Thursday that it was considering buying BP's Venezuelan assets, as the British oil major looks to raise funds to cover costs incurred by the Gulf of Mexico oil spill.
Royal Dutch Shell posted soaring profits on Thursday and defended deep-water oil production, arguing it has an "important role" to play despite the Gulf of Mexico disaster that rocked rival BP.
Euro Petroleum Consultants (EPC) Ltd has been elected as the first non-Russian official member of the Association of Russian Refining and Petrochemicals Producers in Moscow – one of the most influential bodies in the Russia & CIS Downstream industry.
ConocoPhillips said Wednesday that it would unload its full 20 percent stake in LUKoil by 2011, ending a nearly six-year strategic partnership with Russia's second-largest company.
29 July 2010 , 09:05Olga RazumovskayaThe Moscow Times0
BP was in talks with India's Reliance Industries and Essar Group to sell its African retail assets, which could be worth as much as $500 million, four sources with direct knowledge of the matter said yesterday.
Russian shareholders of Russian-British oil company TNK-BP welcome the appointment of Robert Dudley as BP head and the possible appointment of current BP Chief Executive Officer Tony Hayward as a TNK-BP director, TNK-BP Executive Director and co-owner German Khan said on Tuesday.
Rosneft on Monday reported a 59 percent rise in net income and lower debt levels in the second quarter as output rose at its new and established Siberian fields.
The Russian gas giant Gazprom has filed a law suit against the Federal Anti-Monopoly Service (FAS) asking the court to deem illegal an FAS ruling that Gazprom violated the competition law, a Russian Agency of Legal and Court Information (RAPSI) reporter said on Friday.
VTB-Leasing on Thursday signed an agreement with Orenburgskaya Burovaya Kompania, or OBK, to deliver six of its oil-drilling rigs for lease, a VTB spokesperson said.
23 July 2010 , 10:44Tatyana Voronova and Nailya Asker-ZadeVedomosti0
Gazprom and China National Petroleum discussed how to finance the western, or Altai, supply route across Siberia to the Asian nation, the company said Thursday.
In its first full year of operations, Arkady Rotenberg's contracting business managed to become the industry's second-largest player by revenue, thanks in large part to its contracts with state-run Gazprom, Vedomosti has learned.
BP PLC said Tuesday it will sell assets in the US, Canada and Egypt to Apache Corp. for $7 billion to help pay costs from the Gulf of Mexico oil spill.
BP has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
Hurricane Dennis had already come and gone on July 11, 2005, when a passing ship spotted a shocking sight in the Gulf of Mexico: Thunder Horse, BP’s hulking $1 billion oil platform, was listing precariously to one side, looking for all the world as if it were about to sink.
15 July 2010 , 09:10Sarah Lyall, Clifford Krauss and Jad MouawadThe New York Times0
Abu Dhabi’s crown prince, a member of the board of one of the world’s largest sovereign wealth funds, said the emirate is considering an investment in BP Plc after the company lost half its value following the worst oil spill in U.S. history.
China has approved Royal dutch Shell and PetroChina's A$3.45 billion ($3.05 billion) bid for Australian coal-seam gas firm Arrow Energy Ltd, clearing the deal's last major regulatory hurdle.
TNK-BP, half-owned by oil major BP, said Thursday that it was considering buying BP's Venezuelan assets, as the British oil major looks to raise funds to cover costs incurred by the Gulf of Mexico oil spill.
Royal Dutch Shell posted soaring profits on Thursday and defended deep-water oil production, arguing it has an "important role" to play despite the Gulf of Mexico disaster that rocked rival BP.
Euro Petroleum Consultants (EPC) Ltd has been elected as the first non-Russian official member of the Association of Russian Refining and Petrochemicals Producers in Moscow – one of the most influential bodies in the Russia & CIS Downstream industry.
ConocoPhillips said Wednesday that it would unload its full 20 percent stake in LUKoil by 2011, ending a nearly six-year strategic partnership with Russia's second-largest company.
BP was in talks with India's Reliance Industries and Essar Group to sell its African retail assets, which could be worth as much as $500 million, four sources with direct knowledge of the matter said yesterday.
Russian shareholders of Russian-British oil company TNK-BP welcome the appointment of Robert Dudley as BP head and the possible appointment of current BP Chief Executive Officer Tony Hayward as a TNK-BP director, TNK-BP Executive Director and co-owner German Khan said on Tuesday.
BP is set to announce a record loss, having set aside an estimated $25bn-$30bn to cover the costs of the Gulf of Mexico oil spill.
Rosneft on Monday reported a 59 percent rise in net income and lower debt levels in the second quarter as output rose at its new and established Siberian fields.
The Russian gas giant Gazprom has filed a law suit against the Federal Anti-Monopoly Service (FAS) asking the court to deem illegal an FAS ruling that Gazprom violated the competition law, a Russian Agency of Legal and Court Information (RAPSI) reporter said on Friday.
BP's chief executive Tony Hayward has been negotiating the terms of his exit, with a formal announcement likely within 24 hours, the BBC has learned.
VTB-Leasing on Thursday signed an agreement with Orenburgskaya Burovaya Kompania, or OBK, to deliver six of its oil-drilling rigs for lease, a VTB spokesperson said.
Gazprom and China National Petroleum discussed how to finance the western, or Altai, supply route across Siberia to the Asian nation, the company said Thursday.
In its first full year of operations, Arkady Rotenberg's contracting business managed to become the industry's second-largest player by revenue, thanks in large part to its contracts with state-run Gazprom, Vedomosti has learned.
Gazprom Neft said Wednesday that it had started building an isomerization unit at its Moscow refinery as it seeks to produce better quality gasoline.
BP PLC said Tuesday it will sell assets in the US, Canada and Egypt to Apache Corp. for $7 billion to help pay costs from the Gulf of Mexico oil spill.
BP has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.
Hurricane Dennis had already come and gone on July 11, 2005, when a passing ship spotted a shocking sight in the Gulf of Mexico: Thunder Horse, BP’s hulking $1 billion oil platform, was listing precariously to one side, looking for all the world as if it were about to sink.
Abu Dhabi’s crown prince, a member of the board of one of the world’s largest sovereign wealth funds, said the emirate is considering an investment in BP Plc after the company lost half its value following the worst oil spill in U.S. history.
China has approved Royal dutch Shell and PetroChina's A$3.45 billion ($3.05 billion) bid for Australian coal-seam gas firm Arrow Energy Ltd, clearing the deal's last major regulatory hurdle.
Under a program to consolidate energy sales assets, Gaprom and SIBUR exchanged securities.
