September 20, 2012 | 15:39
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.
May 19, 2011 | 08:58
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.
May 07, 2011 | 08:50
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.
April 14, 2011 | 15:58
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.
January 15, 2011 | 09:05
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.