TNK-BP and BP declined to comment yesterday on the decision from RosPrirodNadzor, which was reminiscent of the manouvering by Russian agencies that resulted in Shell losing control of its Sakhalin project in the Russian Far East in 2006.
TONY HAYWARD, BPs chief executive, has set the FTSE 100 oil group on a collision course with investors and environmentalists over a blockbuster oil sands deal.
A company funded by the charitable arm of Royal Dutch Shell, the oil giant, has developed a cheap and efficient stove that it says could save carbon and lives.
PETER VOSER, chief executive of Royal Dutch Shell, is selling $10 billion (£6.4 billion) of assets as part of his drive to revitalise the oil giant.
The men were working at the Shell-operated Afam gas and power plant east of Port Harcourt. They work for Netco Dietsmann, a venture between Nigerias state-owned National Engineering and Technical Company and the Dutch company Dietsmann.
Peter Voser, the chief executive who took over in July, has launched a huge restructuring, which includes substantial staff cuts. The companys shares have a 5.8% dividend yield that provides a good support for the price.
Two Chinese government-controlled companies are among front-runners in a £3 billion battle for control of oil assets in Nigeria that have been put up for sale by Royal Dutch Shell.
Three British companies BP, Cairn Energy and BG Group are among the bidders, alongside companies such as Royal Dutch Shell, Total and Gazprom. Competition is expected to be fierce and the groups were reluctant to reveal which fields they wanted.
Royal Dutch Shell is hopeful that it will gain an equity stake in a giant Russian gas field that could supply all of the worlds needs for a decade. Peter Voser, Shells chief executive, said that talks with the Russian government about the Yamal project in the Siberian Arctic were progressing well.
Lord Myners, the City Minister, and other politicians have urged shareholders to engage with errant companies more actively, prompting a rash of protests over pay at blue-chip companies such as Royal Dutch Shell, BP and Royal Bank of Scotland.
The Financial Services Authority (FSA) has fined UBS £8 million for weak controls that allowed staff in its private bank to make thousands of unauthorised trades with clients money and then hide the losses. It is the third-largest fine awarded by the FSA.
Vast amounts of oil lie in the bitumen-rich sands of Northern Canada, but whether oil companies choose to spend billions extracting them will hinge on decisions made 6,000 miles away in Denmark next month.