The Globe & Mail
Reuters Russia The UK oil company BP reported a nose dive in profits in their quarterly results, citing weak oil prices and the Gulf of Mexico spill as the main causes. Pictured is a temporary structure sponsored by BP at the Olympic Park in...
Guardian Unlimited
Moscow BP's Bob Dudley will recommends the proposed sale of his company's stake in TNK-BP to Rosneft. Photograph: Fabrice Coffrini/AFP/Getty Images Bob Dudley will recommend BP accept a cash and share deal worth more than $26bn (£16bn) from Rosneft...
United Press International
The possible Rosneft acquisition of BP's stake in a Russian joint venture won't create an energy monopoly, the Russian energy minister said. A spokesman for BP was quoted by The Daily Telegraph in London as saying Rosneft offered between $25 billion...
Guardian Unlimited
BP established Russian joint venture, TNK-BP, as a result of the merger of Russian companies TNK, Sidanko and Onako with the majority of BP's Russian oil assets. The company was 50% owned by BP and 50% owned by a group of oilgarchs Viktor Vekselberg,...