BP and UK Shale
Posted in the BP plc Forum
#1 Apr 5, 2012
After BP's increased investment in shale gas in both the US and the Ukraine, and the recent doubling of shale gas estimates in the north west of England, and with IGas the company at the centre of the discovery publicly announcing they are looking for an experienced partner to exploit this discovery, does anybody think it is likely that BP will make an offer to become IGas's partner?
#2 Jun 15, 2012
The Anglo-Persian Oil Company (APOC) was founded in 1908 following the discovery of a large oil field in Masjed Soleiman, Iran. It was the first company to extract petroleum from the South Asian country of Iran. In 1935 APOC was renamed the Anglo-Iranian Oil Company (AIOC) and in 1954 it became the British Petroleum Company (BP), one of the antecedents of the modern BP plc.
By 1953 both the US and the UK had new, more anti-communist and interventionist administrations and the United States no longer opposed intervention in Iran. Britain was unable to subvert Mossadegh as its embassy and officials had been evicted from Iran in October 1952, but successfully appealed in the U.S. to anti-communist sentiments, depicting both Mossadegh and Iran as unstable and likely to fall to communism in their weakened state. If Iran fell, the "enormous assets" of "Iranian oil production and reserves" would fall into Communist control, as would "in short order the other areas of the Middle East". In August the American CIA with the help of bribes to politicians, soldiers, mobs, and newspapers, and contacts/information from the British embassy and secret service, organized a coup. The Shah issued an edict removing Mosaddeq from power and General Fazlollah Zahedi led tanks to Mosaddeq's residence forcing him from office.
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