Friday Mar 7
BP: Growth Projects Will Bolster The Company's Top And Bottom Line
BP is shifting towards a more focused portfolio as it completed the divestiture of assets worth $38 billion and also has plans in store to divest assets worth $10 billion.
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Friday Mar 7
UPDATE 1-Rosneft challenges Gazprom monopoly to export Russian pipeline gas
Russia's top crude oil producer Rosneft wants to break the monopoly of another state-owned energy champion, Gazprom, to export gas via pipelines, sources said on Friday, signalling a flare-up between powerful clans.
Tue Mar 04, 2014
WRAPUP 1-BP says "absolutely stands" by Russian investments
Oil major BP stands by its investments in Russia, chief executive Bob Dudley said on Tuesday amid calls from U.S. officials to isolate Russia and reduce economic cooperation with Moscow over the Ukrainian crisis.
Former German Chancellor Gerhard Schroeder to join board of directors of Russian oil giant
The administration of BP Petroleum Corporation plans to nominate former German Chancellor Gerhard Schroeder to the Board of Directors of Russian oil giant Rosneft.
Mon Mar 03, 2014
BP, which owns a near-20% stake in Russia's Rosneft, -2.5% premarket
BP , which still holds 19.75% of Rosneft after selling it half of the TNK-BP venture last year, lost more than $1B on its investment overnight , highlighting how its relationship with Russia's state oil company may become awkward as the crisis in Ukraine develops.
Tue Feb 25, 2014
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When the British oil company traded 50% of its Russian subsidiary TNK-BP for $12.5 billion in cash and 19.75% of Rosneft , many market participants said it would have been better for BP to get more cash upfront instead of Rosneft equity.
Fri Feb 21, 2014
Rosneft to Sell Gas-Processing Units Gained in TNK-BP Purchase
OAO Rosneft , Russia 's largest oil producer, may get as much as $2 billion for its 49 percent share in a natural-gas processing venture inherited with its TNK-BP purchase, according to analysts.
Tue Feb 18, 2014
Russian tycoon Vekselberg sets up Swiss board to manage assets
Russian billionaire Viktor Vekselberg, who sold out of Anglo-Russian oil giant TNK-BP a year ago, is forming a new board for his Swiss-based investment vehicle made up of international executives to focus on global expansion, he said on Tuesday.
Fri Feb 14, 2014
M&A: Russian M&A market volume doubled in 2013
In 2013, the volume of Russia's M&A market increased 2.3 times year-on-year reaching its post-crisis high of $118.12 billion, according to the recent issue of AK&M Information Agency's monthly bulletin MERGERS AND ACQUISITIONS MARKET.