BP may sell TNK stake to Rosneft in cash-share deal: report

BP may sell TNK stake to Rosneft in cash-share deal: report

BP is in talks with the Russian government to sell its stake in TNK-BP to Rosneft for billions of dollars in cash and a 12.5 percent stake in the Russian state oil giant, a report said Thursday.
Russia leaves Arctic door open for BP

Russia leaves Arctic door open for BP

Russia on Wednesday left the door open for a return by BP to an Arctic exploration project whose collapse earlier in the week left the British giant without a clear future development strategy.
BP cedes Arctic project to Russia partner

BP cedes Arctic project to Russia partner

British energy giant BP said Friday it will cede the Arctic exploration part of its tie-up with Rosneft to its Russian unit under an arbitration ruling that may see it salvage the $16 billion deal.
BP, Rosneft extend share swap deadline to May 16

BP, Rosneft extend share swap deadline to May 16

BP and Russian oil giant Rosneft have agreed to extend until next month a deadline to complete a $16 billion share swap that is key to a landmark Arctic exploration deal, the British group said Thursday.
BP, Rosneft announce share swap, Arctic exploration deal

BP, Rosneft announce share swap, Arctic exploration deal

The heads of energy giant BP and state-run Russian oil firm Rosneft announced a deal Friday to swap shares in a joint venture to exploit the vast untouched energy resources of the Arctic.