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Posts Tagged ‘TNK-BP’

BP on alert as Russian jets attack pipeline in Georgia

BP is facing a second front in the former Soviet Union after Russian jets were reported to have launched a bombing raid on its main pipeline in Georgia, raising fears that Moscow was moving to increase its stranglehold on Europe's energy supplies.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Georgia: The return of Cold War diplomacy

The Kremlin is paranoid about the energy resources on which so much of its power depends: witness its acquiescence in the seizure of control of BP's Russian joint venture, TNK-BP, which Russian oligarchs pulled off with impunity...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

The Pipeline War: Russian bear goes for West’s jugular

The pipeline is 30 per cent owned by BP and supplies 1 per cent of the world’s oil needs, pumping up to a million barrels of crude per day to Turkey.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Feud between BP and its Russian partners in TNK-BP

 

The Wall Street Journal Home Page

A Russian CEO Fined on Labor

August 9, 2008; Page B3

Anglo-Russian oil joint-venture TNK-BP on Friday said a Moscow court fined its Chief Executive Robert Dudley 500 rubles ($21) for violations of Russia’s labor law. The Federal Labor and Employment Service asked the court to look into a number of violations relating to labor protection and the use of a foreign work force. The ruling is the latest episode in the battle for control of the company between TNK-BP’s 50:50 shareholders, U.K. oil major BP PLC and a group of Russian tycoons. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil: TNK-BP’s credit rating may be cut over feud, warns Fitch

TNK-BP's debt rating could be cut, the credit-rating agency Fitch warned yesterday, citing the ongoing feud between the oil company and its Russian partners.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

TNK-BP boss fined £10 as row rumbles on

In recent months, TNK-BP's offices have been raided by police and foreign staff have had visas denied. The company has been hit by back-tax claims and an obscure investment company started legal action against the joint venture.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

TNK-BP’s Robert Dudley escapes three-year Russia ban and fined £10

Robert Dudley, chief executive of TNK-BP, BP’s troubled Russian 50-50 joint venture, escaped a possible three-year ban from doing his job today despite a Moscow court ruling he had broken the Russian labour code.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

S&P Warns of Fallout From TNK-BP Dispute

Standard & Poor's became the second credit-rating firm in a week to warn that the shareholder dispute at TNK-BP Ltd. is clouding the Russian oil company's prospects...

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

S&P downgrades TNK-BP amid exit

Standard and Poor's has become the second international ratings agency in two days to take action against BP's Russian oil joint venture, TNK-BP, after its chief financial officer quit blaming an escalating shareholder row

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

China, India Vie for Russian Oil

Russia's oil and gas fields have proved treacherous for other foreign investors. When Royal Dutch Shell PLC announced that costs at the Sakhalin-2 project had nearly doubled, Russian environmental regulators bombarded it with complaints until Shell sold a majority stake in the project to a Kremlin-run gas company in 2006.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP Venture In Russia Hit as CFO Steps Down

However, a person close to BP said it looked bad for the London-based oil major. "This is another step in the corporate takeover," he said. "They've got the CEO to leave the country, they've got the 148 BP specialists out, and now they've got the CFO to resign."

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Fight for control of BP-TNK escalates

James Owen’s resignation comes 10 days after Robert Dudley, TNK-BP’s chief executive, left Russia citing a campaign of harassment. It will leave only three members of the group’s original five-member core executive committee in Russia.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil: BP loses grip on troubled Russian venture as head of finance quits

The company has spent the past year fighting off claims from the tax, environmental and immigration authorities in what has been seen by some industry specialists as a rerun of the kind of problems that afflicted Shell until it sold part of its shareholding in Sakhalin to state-owned Gazprom.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Positive omens combine for courtship of Imperial Energy

The British group was accused of overstating its reserves to boost its share price, provoking fears that it could face the same renationalisation moves as Shell’s natural gas venture in Sakhalin and BP’s Kovykta programme.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell courts Russia with asset swap plan

Shell declined to comment, but a spokesman said the company had "learned our lesson in Russia" after the forced sale of half its stake in the $22bn Sakhalin-II oil and liquefied natural gas field, off Russia's east coast, in 2006 to state-owned Gazprom.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Russia’s Medvedev warns officials against ‘terrifying’ businesses

In an address to Russian ministers yesterday, Mr Medvedev said "law enforcement and state institutions should stop terrifying business" - a comment widely interpreted as a response to the escalating TNK-BP battle.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.