Latest news
BP to sell a package of U.K. assets to Perenco for up to $610 million
The British oil giant BP Plc announced on Tuesday a deal to sell its interests in the Wytch Farm, Wareham, Beacon and Kimmeridge oil fields in the UK to European oil and gas company Perenco UK Ltd. for up to $610 million in cash, as it plans to equilibrate its balance sheet following the last year’s Gulf of Mexico oil spill. Under this deal, BP aims to divest about $30 billion per year.
read more... 18/05/2011
BP faces difficulties to complete its share swap deadline with Rosneft
U.K. oil major BP remains confident that it will reach an agreement today with Russian group Rosneft to honor its $16 billion share swap, after the UK company asked to move the deadline to May 16, giving a month for arbitration.
read more... 16/05/2011
BP gets green light to explore Brazilian oil blocks
The British energy giant, BP finally received the permission from regulators to complete the purchase of ten Brazilian exploration and production blocks from US-based Devon Energy.
read more... 13/05/2011
Russia to increase its investments in Iraq energy sector
The Russian Foreign Minister Sergey Lavrov said to a news conference during his visit to Baghdad, that the Russian government is ready to consolidate its cooperation with Iraq, especially in increasing its investments in the oil and energy sector.
read more... 11/05/2011
Rosneft and BP become partners in a German Joint Venture
The British energy giant BP announced Rosneft as its new partner in its German refining joint venture, Ruhr Oel GmbH (ROG). Their partnership started in October last year, when the Russian company bought the stake of 50 per cent from PdVSA of Venezuela, BP’s former partner.
read more... 06/05/2011