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Need to Know: Natural Resources

Times Online
The Times
June 27, 2008

Need to know: 

Natural resources

TNK-BP A dispute over an oil project in Iraq was the “final straw” which triggered a public falling out over control of TNK-BP, the 50-50 joint venture between BP and AAR, a consortium of four Russian billionaires.

Chevron, the US oil company, will resume talks with a Nigerian oil workers’ union in an effort to avoid a strike that could hinder output. Union workers have already staged a partial strike that has prevented some administrative staff from accessing their offices in Lagos.

Royal Dutch Shell, the Anglo-Dutch oil and gas group, is planning to construct a 3.5 million tonne floating liquefied natural gas facility. Three consortiums comprising engineering and shipyard contractors are vying for the contract.

http://business.timesonline.co.uk/tol/business/industry_sectors/article4221751.ece

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