So far it has paid $16.6bn into a compensation fund and expects to meet $20bn target this year, a year earlier than...
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Last month, four non-state oil companies--Bashneft (BANE.RS), OAO Lukoil Holdings (LKOH.RS), Surgutneftegaz (SNGS.RS) and TNK-BP (TNBP.RS) petitioned Putin to grant them access to Arctic offshore deposits, which are now only accessible to state-owned... Full Article at FOX Business
"If any [Russian] private company is ready for such risks, it is welcome," Putin said. Rosneft had previously made an offer on the joint development of 12 fields on the Arctic shelf to domestic oil companies LUKoil, Bashneft, Surgutneftegas and TNK-BP. Full Article at RIA Novosti
I have received confirmation from LUKoil and TNK-BP
...issued $1.5 billion of bonds at its lowest coupons on record to help fund a $1 billion share repurchase from minority owner Barclays The Wall Street Journal: Barclays is looking to sell all its Italian branches in an attempt to focus more on core activities... Full Article at Citywire.co.uk
BP produced 2.4 mmboe per day (pdf), only slightly lower than the first quarter a year prior. Excluding its Russian joint venture TNK-BP, BP is giving guidance (pdf) that production for 2012 will be essentially flat compared with production in 2011. ... Full Article at Seeking Alpha
Sechin suffered a blow when his first attempt to strike a big offshore development deal, with BP, collapsed in May 2011 amid acrimony between the British firm and the wealthy local co-owners of its Russian venture, TNK-BP. But he was unrepentant,... Full Article at Reuters.co.uk
We looked at TNK-BP's activities, because... they operate the biggest share of polluted lands (2,200 hectares/5,435 acres)
canceled a decision to grant a license for the Trebs and Titov oilfields to a consortium of Bashneft and LUKoil. ( The Moscow Times, Kommersant, Vedomosti ) TNK-BP has appointed former Shell executive Evert Henkes as a new director to the board of TNK-BP Limited, the main holding company of TNK-BP Group, but the board still needs to have a third independent director to have a quorum in making key decisions. ( Kommersant, Vedomosti, Izvestia ) Russia has good prospects to become a full member of Organization for Economic Co-operation and Development (OECD) as early as next year, according to officials Full Article at RIA Novosti
...on its way to concluding an estimated $7.8 billion settlement to resolve most of its civil liability from the Gulf of Mexico oil spill Nasdaq: BP has placed an order for four new platform support vessels in order to achieve its long term business strategy... Full Article at Citywire.co.uk
The Daily Telegraph: BP could face a $500 million hole in its earnings this quarter after its Russian joint venture TNK-BP postponed its dividend “indefinitely”. The Daily Telegraph: Spanish bank loan losses could hit €260 billion, with the industry... Full Article at Citywire.co.uk
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I have received confirmation from LUKoil and TNK-BP
We looked at TNK-BP's activities, because... they operate the biggest share of polluted lands (2,200 hectares/5,435 acres)
Completion of the first two development wells is a significant milestone for our company, as it is the first-ever offshore drilling project for the TNK-BP Group
Shmatko's reference to dividends seems to have shocked some investors yesterday. The key fear is that the company would be forced to change its generous payouts and, worse, invest in projects with low returns. TNK-BP's high dividend is simply a product of efficient investments and a refusal to make majo...
Since the company was established in September 2003, environmental protection has been and remains a priority in TNK-BP's business activities
TNK-BP has denied the allegations, but this is one to watch closely in case it signifies an increase in the political pressure ... The issue of Russian risk in BP’s shares has gone quiet in recent months, but if it resurges it could affect sentiment towards BP.
TNK-BP fully shares the concern voiced by the Natural Resources Minister during a visit to the fields of Samotlorneftegaz ... We are confident that by working together we can agree on plans and rapidly achieve a qualitative breakthrough to demonstrate TNK-BP’s environmental leadership and properly prese...
TNK-BP fully shares the concern voiced by the Natural Resources Minister during a visit to the fields of Samotlorneftegaz ... We are confident that by working together we can agree on plans and rapidly achieve a qualitative breakthrough to demonstrate TNK-BP’s environmental leadership and properly prese...
Trutnev deemed TNK-BP's ecological safety work unsatisfactory
The entire Russian oil and gas industry faces environmental challenges and TNK-BP's position is not unique. BP and TNK-BP are committed to applying international standards of environmental protection to all new greenfield projects.
The entire Russian oil and gas industry faces environmental challenges and TNK-BP's position is not unique. BP and TNK-BP are committed to applying international standards of environmental protection to all new greenfield projects.
More than a half of all contaminated legacy lands of the company are now remediated. TNK-BP is going to remediate all remaining contaminated lands by 2019.
TNK-BP is consistently implementing a comprehensive program for integrity and modernization of the pipeline infrastructure in the Khanty-Mansi Autonomous Area and a program for remediation of legacy lands contaminated in the Soviet period when hydrocarbons were produced without due regard to environment...
I have instructed RosPrirodNadzor to prepare a lawsuit to claim damages and proposed that the company (TNK-BP) should draw up a plan for replacing its pipelines. They have quite enough financial resources to triple investment and bring their pipeline network in order in five to seven years
We are very excited about this distribution relationship with TNK-BP ... With its passenger car lubricants market being the largest in Europe â and still growing year on year, Russia represents a significant growth opportunity for passenger car motor oils, particularly with the increasing popularity of ...
With access to 15,000 retail stores across Russia, TNK-BP offers unparalleled opportunities to introduce Russia drivers to the trusted Valvoline brand and our premium products
Shareholder disputes within the joint venture caused additional difficulties and saw TNK-BP's then chief executive Bob Dudley flee to the UK amid concerns that punitive regulations would be applied. Russia's Gazprom subsequently gained control of Kovytka, a strategic national asset, via auction
- platinumteam101
5 hours ago
- ResellRights_bb
6 hours ago
via ftenergy: Tensions resurface between BP and TNK-BP http://t.co/KMunWABI http://t.co/TgsI56NG
- EPCNews 7 hours ago
RT @ftenergy: Tensions resurface between BP and TNK-BP http://t.co/eIHkQsHE
- LeMondeEcoEnt 7 hours ago
Tensions resurface between BP and TNK-BP http://t.co/eIHkQsHE
- ftenergy 7 hours agoThere are no results for this module.
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