TNK-BP partners reject BP’s Rosneft olive branch

BP’s partners in Russian joint venture TNK-BP have rejected a peace proposal by the British oil major to involve them in talks on joining a disputed BP alliance with Russia’s Rosneft. The TNK-BP board met in Paris on Saturday to consider a new proposal from BP’s representatives concerning a partnership with Rosneft, Russia’s... 

Newly Released JORC Compliant Resource Estimate Quadruples Resource Inventory for Sharyn Gol Operations

The directors of Sharyn Gol JSC are pleased to announce the final results of the 2010 JORC Resource Estimate undertaken by independent geological consultants for the Sharyn Gol Mining Project.HIGHLIGHTS * JORC Compliant Coal Resource totaling 374 Mt reported. * 190.5 Mt Measured, 84.4 Mt Indicated and 98.9 Mt Inferred JORC Categories. *... 

Reportlinker Adds Global LNG Market Trends, Outlook and Business Prospects to 2015

Reportlinker.com announces that a new market research report is available in its catalogue: Global LNG Market Trends, Outlook and Business Prospects to 2015 http://www.reportlinker.com/p0366585/Global-LNG-Market-Trends-Outlook-and-Business-Prospects-to-2015.html Report Description Global LNG industry is in a state of flux. The industry is poised to... 

Global Oil and Gas Upstream M&A 2010 Review

Record $211 billion in deals announced in 2010; Study sees another strong year in 2011 with more than $90 billion of properties on the market. PLS Inc., with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports global upstream oil and gas M&A activity for 2010 reached a record $211 billion. That volume... 

Northern Offshore Appoints New Senior Vice President

Northern Offshore, Ltd. announced today that Mr. Gary L. Bauer has joined the company as Senior Vice President, Operations. Gary W. Casswell, Northern Offshore’s president and CEO, said “Gary is a welcome addition to Northern Offshore, and we are very pleased to have him join our team. His extensive experience with operations and international... 

BP and Russia’s Rosneft in share swap, Arctic pact

BP Plc and Russia’s state-controlled Rosneft (ROSN.MM) agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies. BP (BP – News), recovering from its Gulf of Mexico oil spill disaster, will swap 5... 

BP’s U.S. spill experience a plus: Russian Minister

A Russian minister said BP’s experience in cleaning up the catastrophic Gulf of Mexico oil spill was one of the reasons Russia chose the British oil firm to help develop its fragile Arctic shelf oil fields. BP and Russia’s state-controlled Rosneft on Friday agreed to a multi-billion-dollar share swap, under which they will jointly explore... 

Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites. The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before the start... 

Russia in milestone oil pipeline supply to China

Russia, the world’s top crude exporter, said it had begun scheduled oil shipments to China via an East Siberian link on Saturday as the Kremlin cements ties with its energy-hungry neighbor. So far, Russia’s 50,000-km oil pipeline network has been concentrated in West Siberia and run toward Europe. With the commissioning of the Eastern Siberia... 

Khodorkovsky’s Lead Defense Attorney Vadim Klyuvgant Issues the Following Statement After Guilty Verdict

Lead Counsel Vandim Klyuvgant for Mikhail Khodorkovsky: Absurd Conviction to Keep Khodorkovsky in Jail Despite Prosecution’s Failed Case. Verdict Destroys Hopes for the Rule of Law, Independent Courts, Protection of Property Rights and Government Anti-Corruption Drive in Russia. Defense Slams “Charade of Justice” Today a Moscow court found Mikhail...