Hints and tips:
...France has ruled that funds operating under its “socially responsible” ISR label will, from the start of 2025, be barred from investing in any companies that launch new hydrocarbon exploration, exploitation...
...And they’re certainly not BP. For an oil company that started out in 2011 with $2bn in cash and a claim to be the UK’s largest listed independent, it is a lot to lose....
...The likes of BP and ExxonMobil disclose financial information by division, such as refining, and exploration and production....
...As Ryan Lance, chief executive of ConocoPhillips, the largest US exploration and production company, puts it, the upturn will come, “it’s just you can’t bet on it coming quickly . . ....
...(WSJ) COMMENTS etc For Moscow, Ukraine is always ‘Little Russia’ (Reuters) Europe has to stop hiding beneath the bedcovers (Financial Times, Stephens) US v China: is this the new cold war?...
...The company has spent some $5bn on the campaign and has yet to complete a single well....
...There has been speculation the company could soon forge a new exploration alliance with Rosneft similar to the one that was blocked in the courts by AAR last year....
...BP has sold 5 per cent of its reserves (Apache and Plains Exploration) in the past two years for a combined $12.5bn....
...BP’s Russian billionaire partners in TNK-BP are preparing an all-cash offer for the UK oil company’s 50 per cent holding in the Russian oil venture, raising the stakes in an emerging bidding war against...
.... http://on.ft.com/Su6ap6 Rosneft and AAR may sign TNK-BP deal in December: Sechin Rosneft should sign a binding agreement next month to buy half of oil company TNK-BP from the AAR consortium of Soviet-born...
...In spite of that setback, the company has continued to bid for further exploration blocks in the central Gulf of Mexico and expanded its consortium interests in the region. Joseph H....
...That would be a vindication for BP’s chief executive Bob Dudley, who saw AAR block his previous attempt to forge an Arctic exploration deal with Rosneft....
..., and in doing so, revive hopes it could strike a wide-ranging exploration deal with the state group....
...Denbury Resources fell 0.7 per cent to $16.52, Newfield Exploration lost 2.4 per cent to $33.44 and Murphy Oil Corp declined 1.3 per cent to $54.12....
...signs deal to produce Amazon gas Petrobras, Brazil’s state-controlled oil company, has signed a deal with local start-up HRT and its Russian partner TNK-BP to sell natural gas from their oilfields in the...
...(Financial Times)(Wall Street Journal) BP is close to a deal to sell some of its Gulf of Mexico offshore oil fields for around $7bn to Plains Exploration & Production, people familiar with the matter said...
...The group, led by Joseph Bryant, a former head of BP’s Angolan exploration arm, has faced allegations that one of its junior partners in two of the blocks, Nazaki Oil and Gas, is linked to senior Angolan...
...They said the holding company for their interests, Grupo Aquattro Internacional, had been “recently dissolved” but did not say whether they had disposed of their holdings in Nazaki....
...Minerals and Resources Corporation, known as Minorco, a holding company controlled by Anglo, held for a few years a 14 per cent stake in Philipps Brothers, the dominant commodities trader for much of the...
...“We are pleased with the court’s decision to reject the groundless claims against BP and two TNK-BP Holding board members,” said Jeremy Huck, BP Russia’s president, in a statement....
...machinery group * PepsiCo purchases Brazilian cookie company * Exxon signs Kurd exploration contracts * Russia to cut tariffs ahead of WTO entry * Liberia president wins second term * Brazil’s strike...
...In the first place, the alliance with Exxon is an international image boost not just for Rosneft, but for Russia Inc, which suffered badly in the collapse of a similar agreement with BP earlier this year...
...A company the size of BP is very difficult to run.”...
...TNK-BP nears a deal in Brazil TNK-BP Ltd. is close to a deal to buy a 45 per cent stake in several Amazon oil-exploration blocks from Brazil’s HRT Participações em Petróleo SA for $1bn, people close to the...
...Shares in the exploration company, a favourite with day traders, rose 3.3 per cent to 124p on news of a deal with BP to develop one of its prospects off the coast of Namibia....
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