LONDON (Reuters UK) - The Russian billionaires who co-own Moscow-based oil company TNK-BP with oil major BP BP said they would like to buy out BP but that no deal was likely as BP was not interested in selling. BP and its oligarch partners are locked...
LONDON (Reuters) - The Russian shareholders in TNK-BP have threatened legal action in Russia and internationally in their dispute with British oil major BP Plc BP and said labor union unrest could follow. The measures were outlined in a presentation to be ...
LONDON (Reuters UK) - The Russian shareholders in TNK-BP believe their partner in the joint venture, British oil major BP BP, tried to work with the Kremlin to force them to sell their stake to a state-backed oil and gas company. Stan Polovets, chief executive of...
MOSCOW AFP — Russian and British shareholders of joint oil venture TNK-BP failed to resolve the group's ongoing internal management dispute during its board meeting in Cyprus, the Russian side said on Sunday. "The representatives of BP rejected four proposals made by AAR" on Friday, the Russian side...
Robert Dudley has survived an attempt led by four oligarchs to oust him as head of the Anglo-Russian oil firm TNK-BP, but could face legal action as the Russians continue to press their claims to remove the British chief executive. The five-strong board of TNK-BP's management, which...
MOSCOW AFP — Russian shareholders seeking to oust the British chief executive of joint oil venture TNK-BP failed to get enough votes for his dismissal at a board meeting on Monday but vowed to continue fighting. In a statement, the Russian shareholders said only two out of five...
LONDON AFP — British oil giant BP is suing its Russian partners in TNK-BP, it confirmed Sunday, amid growing rifts in the joint venture. A company spokesman confirmed to AFP that the action against Russian shareholders AAR over an alleged debt worth around 370 million dollars (236 million...
Teekay Corporation (NYSE: TK) announced that its Board of Directors has voted to declare a cash dividend on its common stock of $0.275 per share, payable on July 25, 2008 to all shareholders of record as at July 11, 2008. About Teekay Teekay Corporation transports more than 10 percent of...
Just as restrictions on visa applications for BP-TNK's non- Russian senior management appeared to be easing yesterday, one of the joint venture's oligarch shareholders stepped up the pressure again with renewed calls for the dismissal of the British chief executive. The Russian government's Federal Migration Service has...
The struggle for control of BP's Russian joint venture TNK-BP has escalated into open warfare, with a restriction on working visas that could see some of the company's most senior expat staff sent home. Danny Fortson reports. Business analysis Every war creates refugees....
MOSCOW AFP — Top managers at troubled British-Russian oil company TNK-BP could be forced to leave Russia starting next week due to problems renewing their visas, Russian newspapers reported on Tuesday. A source close to TNK-BP told the business daily Vedomosti that nine top managers of the firm...
MOSCOW AFP — BP's Russian partners on Thursday declared "illegal" the election of a new board of directors for British-Russian joint venture TNK-BP as part of an increasingly bitter dispute over the oil major. "The decision to form a new board of directors composed of nine people is...
Business News IN BRIEF *Russia's labour inspectorate has fined TNK-BP, owned 50-50 by BP and a group of Russian tycoons, in a case that could result in the oil firm's chief executive Robert Dudley being stripped of his duties. TNK-BP has until early July to resolve various...
BP should have seen strife coming, but more pressing is the exhaustion of fields on which we've come to depend, says David Strahan It must be lonely being Tony Hayward. As the oil price continues to soar, there is a gathering consensus that global production of the...
MOSCOW AFP — A spiralling dispute between British oil giant BP and its Russian partners should end in a "civilized way" and will have no effect on the investment climate, a senior Russian minister said on Tuesday. "I think it's a private affair and it will have no...
MOSCOW AFP — A senior official with British-Russian oil venture TNK-BP defended the company's record on Tuesday after withering criticism of the partnership by Russian shareholders. TNK-BP's chief operating officer, Timothy Summers, said he hoped for a quick resolution of the dispute over TNK-BP, which is Russia's third...
The temperature of an already super-heated row between BP and its partners in Russia rose even further yesterday when the co-owner of its TNK-BP operation accused the oil giant of using Nazi-inspired tactics. Mikhail Fridman, the chairman of Alfa Group, which co-owns TNK- BP, said the behaviour...
MOSCOW AFP — The Russian head of embattled British-Russian oil venture TNK-BP on Monday promised a legal onslaught in a shareholder dispute with BP but also said it could be resolved by acquiring BP shares. At a Moscow news conference Mikhail Fridman, chairman of TNK-BP, accused the British...
BP has branded its Russian oligarch partners "corporate raiders", and warned Dmitry Medvedev, the country's new President, that the fate of its TNK-BP joint venture is a test of his ability to restore the rule of law. The statements from Peter Sutherland, the UK oil major's chairman,...
Peter Sutherland, the chairman of BP, has branded as "apocalyptic" predictions of $250 for a barrel oil from Gazprom, Russia's state-backed energy giant, as the tortuous negotiations between BP and its own Russian partner took yet another twist. Mr Sutherland told the European Policy Centre in Brussels...
Articles 2008-06-12
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