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The Times: Need to Know: Energy

June 30, 2007

Up 1.60%

BP A consortium led by the UK oil giant will be investing $5 billion (£2.49 billion) to develop the Skarv and Idun oil and gasfield in the Norwegian Sea. BP holds a 24 per cent stake in the project. Partners include Statoil, Royal Dutch Shell, ExxonMobil Corp and Norsk Hydro. Meanwhile, BP unveiled a venture with D1 Oils, with BP to ramp up the planting of Jatropha curcas trees, used to make biodiesel.

http://business.timesonline.co.uk/tol/business/industry_sectors/article2008444.ece

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