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Posts on ‘July 25th, 2008’

Head of BP Venture, Citing Harassment, Leaves Russia

People close to BP say TNK-BP's troubles stem from a Kremlin drive to transfer control of the company to a state entity like OAO Gazprom, leaving BP as a minority partner.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP refuses to be intimidated by ‘strong-arm tactics’

Tony Hayward has a clear message for the Russian partners in TNK-BP, repeated several times in a conversation with the Financial Times last night: "We are not going to be intimidated by strong-arm tactics.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

TNK-BP chief is ‘forced out’ of Russia

The beleaguered chief executive of BP's Russian oil joint venture abruptly left the country yesterday, blaming mounting uncertainties over his visa and "sustained harassment".

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Licence to drill

BP's interest is understandable - obtaining visas for workers is somewhat easier stateside than in Russia. But ExxonMobil and Royal Dutch Shell have also splashed out on North American gas properties.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Booming LNG demand helps boost BG Group

In the past four years, BG's shares have risen four-fold, while Royal Dutch Shell's have gone up 30 per cent, and BP's have been flat.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Hayward must urgently address the Russian farce, even if it means selling

Has the time come for BP to cut its losses, quit Russia altogether...

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Riches in the Arctic: the new oil race

The future of the Arctic will be less white wilderness, more black gold, a new report on oil reserves in the High North has signalled this week. The first-comprehensive assessment of oil and gas resources north of the Arctic Circle, carried out by American geologists, reveals that underneath the ice, the region may contain as much as a fifth of the world's undiscovered yet recoverable oil and natural gas reserves.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

In case you’d missed it, Britain is now at war with Russia.

The row between BP and AAR, its Russian partners, has dramatically escalated with the joint venture's chief executive fleeing Russia and going into hiding.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Bill Browder accuses Russian corporate raiders of $230m fraud

Mr Browder's allegations of institutional corruption strike at the heart of Russia's corporate minefield and further expose the difficulties of conducting business in a country already under fire for its treatment of multinational oil giants Royal Dutch Shell and BP.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

TNK-BP: something rotten in the state of Russia

With its tail between its legs, Britain's biggest company is being all but chased out of Russia. During the five years since BP entered into the TNK-BP joint venture, the company has been at pains to insist its Russian venture was unlike those that suffered official harassment, such as Shell and ExxonMobil. It was suggested that BP had the President's ear and his blessing. Perhaps it did, then.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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