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The Times: Natural Resources: Monday September 22, 2008

Times Online

Natural resources

Royal Dutch Shell Kazakhstan said that KazMunaiGas, the state oil company, would create a joint venture with Royal Dutch Shell, the Anglo-Dutch oil and gas group, to handle the production segment of the Kashagan oilfield.

BP’s chief executive, Tony Hayward, has brought in David Peattie, one of his lieutenants, to take a “tough” new line with the oligarch partners in TNK-BP, its contentious Russian joint venture. Mr Peattie, the deputy to Andy Inglis, the exploration and production boss, will replace James Dupree, vice-president of the Russian group’s technical unit, who is returning to America for personal reasons.

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