TNK-BP

TNK-BP announces that it has been joined by Johan van Scherpenzeel and Andrey Mukhachev who previously held managing positions in major international oil and gas companies. Johan van Scherpenzeel has been appointed Vice President, Operations, Downstream. In that position, he will lead and manage the oil refining segment of the …

Rosneft’s CEO Igor Sechin said its planned $55 billion takeover of rival oil company TNK-BP would yield $3-$5 billion in synergies, largely on projects in new provinces in Russia’s north and east. Sechin, speaking on a conference call a day after Rosneft announced it would buy British major BP  and …

Rosneft confirms that BP, in connection with the sale of its interest in TNK-BP to Rosneft, has waived its right to negotiate in good faith to purchase the AAR consortium’s stake in TNK-BP. This is a step forward in the implementation of the heads of terms, announced earlier today, between …

Rosneft today announces that it has entered into an agreement in principle with BP to acquire its 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury. In connection with the proposed transaction, BP has offered to purchase from Rosneft’s parent, …

TNK-BP informs 1. TNK-BP is aware of the detention of Igor Korneev by the law enforcement authorities. 2. I. Korneev has worked for TNK-BP for about three months during which period he was taking over the business and getting acquainted with the industry which was new to him. He was …

Rosneft  is poised to secure a tighter grip on Russia‘s oil industry with a bid for BP’s 50 percent stake in TNK-BP, the country’s third largest producing company. Sources familiar with the actions of British oil company BP, Rosneft, their advisers and financiers said a bid had been submitted to …

The Russian-based businessmen whose joint venture with BP has been plagued by years of in-fighting have agreed an outline deal to sell their stake to the state-owned oil giant Rosneft for about $28bn (£17.3bn), reported Mark Kleinman, City Editor, Sky News. AAR, a consortium of four oligarchs (Len Blavatnik, Mikhail …

Gazprom Neft and TNK-BP report that first oil has been produced by the pilot project at the Vostochno-Messoyakhskoe field. The inflow received from the first two development wells points to the field’s high potential. The project is being implemented by Messoyakhaneftegaz, which is Gazprom Neft and TNK-BP’s joint venture controlled …

Bidding will open this week for BP’s half of Russian oil company TNK-BP, with Rosneft seen as the likely winner of the British oil major’s stake in the fraught but lucrative joint venture reported Melissa Akin. BP has booked $19 billion (11.8 billion pounds) in dividends from its original investment …

OJSC Varyoganneftegaz will remediate over 50 hectares of land in 2012, which is almost double the figure for 2011 and 10% above the plan. The remediation program will be expedited by a new disposal site for utilization of industrial waste (oil sludge) in the vicinity of Well Pad 21 at …