Latest news
TNK-BP plans to sue BP seeking $10 billion in damage
Russia's half of the TNK-BP joint venture intends to take proceedings against BP pretending the giant broke the joint venture's shareholder agreement. According to the sources close to TNK-BP, the company’s management will seek multibillion-dollar damage, equivalent to $10 billion, claiming it lost the opportunity to explore the Russian Arctic because of BP's actions.
read more... 13/04/2011
Caspian Pipeline Consortium (CPC) approved the expansion of the Caspian pipeline.
The shareholders and governing bodies of the Caspian Pipeline Consortium (CPC) approved the budget for expansion of the Caspian pipeline, announced Chevron Corporation.
read more... 16/12/2010
Investment for the Nord Stream Natural Gas pipeline - the first phase.
Consortium Nord Stream, together with the shareholders - Gazprom, BASF / Wintershall GmbH, E. ON Ruhrgas AG, and NV Nederlandse Gasunie - have announced the successful achievement of fund raising for the first phase of a gas pipeline through the Baltic Sea. In the first phase, the total amount of funds increased to 3.9 billion euros, making possible the installing of the first pipeline as scheduled, in April 2010.
read more... 01/04/2010