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THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a stormy relationship. In 2008 Bob Dudley, th

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"BP hat im dritten Quartal Wiederbeschaffungskosten (RC) betrug $ 4.687 Mio., verglichen mit $ 5.276 Mio. im Vorjahr. Bereinigt um einen Nettoverlust aus nicht-operativen Positionen von $ 321 Mio. und net ungünstigen beizulegenden Zeitwert von $ 162 Mio (beide auf einer Nach-Steuer-Basis), zugrunde RC Ergebnis für das dritte Quartal betrug $ 5.170 Mio., verglichen mit $ 5.463 Mio. Im gleichen Zeitraum des Vorjahres. In den ersten neun Monaten betrug RC Gewinn $ 9.854 Mio., verglichen mit $ 16.294 Mio. im Vorjahr. Bereinigt um einen Nettoverlust aus nicht-operativen Positionen von $ 3.475 Mio. und ungünstigen beizulegenden Zeitwert von $ 325 Millionen (sowohl auf einem Nach-Steuer-Basis), zugrunde liegende Betriebsgewinn für die ersten neun Monate betrug $ 13.654 Mio., verglichen mit $ 16.672 Mio. Im gleichen Zeitraum des Vorjahres. RC Gewinn oder Verlust für die Gruppe zugrunde liegen RC Gewinn oder Verlust und Fair Value Accounting-Effekte sind nicht GAAP-konformen Kennzahlen und weitere Informationen sind auf den Seiten 4, 19 und 21 vorgesehen. Die Konzern-Gewinn-und Verlustrechnung enthalten einen negativen Netto-Einfluss in Bezug auf den Golf von Mexiko Ölpest auf einem Vorsteuerergebnis Basis von $ 59 Millionen für das dritte Quartal und $ 882.000.000 in den ersten neun Monaten. Alle Beträge in Bezug auf den Golf von Mexiko Ölpest wurden als nicht-operative Positionen behandelt worden. Für weitere Informationen über den Golf von Mexiko Ölpest und ihre Folgen auf den Seiten 2 - 3, Anhang 2 auf den Seiten 23 - 28 und Prozesse auf den Seiten 32 bis 40. Finanzierungskosten und Finanzerträge bzw. Aufwendungen im Hinblick auf Pensionen und sonstige Altersversorgungsleistungen wurden 198.000.000 $ für das dritte Quartal, verglichen mit $ 234 Mio. im gleichen Zeitraum des Vorjahres. In den ersten neun Monaten waren die jeweiligen Mengen $ 640.000.000 und 722.000.000 $. Einschließlich der Auswirkungen auf den Golf von Mexiko Ölpest, netto Cashflow au

http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7083149 bp holdings news press release articles Starkes Wachstum in der Produktion aus unkonventionellen Quellen von Gas und Öl haben einen großen Einfluss auf globalen Energiemärkte bis 2030, Neudefinition der Erwartungen an den großen Volkswirtschaften und Umstrukturierung der globalen Handelsströme nach BP neueste Energy Outlook 2030, heute veröffentlicht. Dies ist die dritte jährliche Ausgabe der Aussichten, die BP Blick auf die Entwicklungen am ehesten in der globalen Energiemärkte bis 2030, basierend auf aktuelle Analyse und Berücksichtigung der Entwicklungen des vergangenen Jahres enthält. Letztjährigen Outlook führte den Weg zu zeigen, wie Nordamerika in Energie Autarkie dürfte. Diese Ausgabe wird stärker die Revolution der Schiefergas und engen Öl - das Phänomen fahren Amerikas Energie Wiederbelebung - einschließlich seiner globalen Perspektiven untersucht. Von Outlook allgemeine Erwartung für das Wachstum in der weltweiten Energienachfrage bis 2030 ist wenig Nachfrage 36 % im Jahr 2030 über 2011 voraussichtlich aus dem letzten Jahr geändert und fast alle das Wachstum kommt aus Schwellenländern. Jedoch sind Erwartungen des Musters des Angebots dieses Wachstums stark verlagert, mit unkonventionellen Quellen - Schiefergas und engen Öl zusammen mit Schweröl und Biokraftstoffe - spielen eine immer wichtigere Rolle und insbesondere die Energiebilanz der USA transformieren. Wachsende Produktion aus unkonventionellen Quellen des Öls - enge Öl, Ölsand und Biokraftstoffe - wird voraussichtlich alle die net Zunahme der weltweiten Ölversorgung bis 2020 und mehr als 70 % des Wachstums bis 2030 zu bieten. Bis 2030 führen zu Steigerung der Produktion und Moderation der Nachfrage in den USA wird 99 % Selbstversorgung mit Netto Energie; 2005 waren es nur 70 % autark. Mittlerweile werden mit Fortsetzung steilen Wirtschaftswachstum, wichtigsten Schwellenländer wie C

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Sterk vekst i produksjon fra ukonvensjonelle kilder for gass og olje vil ha en stor innvirkning på globale energimarkeder til 2030, og redefinerte forventninger for store økonomier og rebalansering globale handelsstrømmer, ifølge BPs siste Energy Outlook 2030, offentliggjort i dag. Dette er den tredje årlige utgaven av Outlook, som setter ut BP syn på de mest sannsynlige utviklingen i de globale energimarkedene til 2030, basert på up-to-date analyse og tar hensyn til utviklingen av det siste året. Fjorårets Outlook ledet an i å vise hvordan Nord-Amerika er sannsynlig å bli selvforsynt med energi. Årets utgave undersøker nærmere revolusjonen i skifergass og tett olje - fenomenet kjører USAs energi vekkelse - inkludert sine globale utsikter. Outlook samlede forventning om vekst i global energietterspørsel til 2030 er lite endret fra i fjor, med etterspørselen forventes å være 36% høyere i 2030 enn 2011 og nesten all vekst kommer fra fremvoksende økonomier. Imidlertid forventninger mønsteret av tilførsel av denne veksten skiftende sterkt, med ukonvensjonelle kilder - skifergass og tett olje sammen med tung olje og biodrivstoff - spiller en stadig viktigere rolle, og i særdeleshet, transformerer energibalansen av USA.

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires

T. Boone Pickens's portfolio is focused squarely in the energy sector. As of Dec. 31, 2010, funds at Pickens' firm BP Capital Management were valued at right at $276 million. He had 23 positions at the end of the year, including integrated oil companies, gas drillers and a variety of oil and energy-service providers. That was down from a total of 29 in the third quarter. Moves: Pickens eliminated 11 positions and added five during the final quarter of the year. Leaving the portfolio were: Anadarko (APC), Apache (APA), Baker Hughes (BHI), Chevron (CVX), Encana (ECA), Fluor (FLR), Hess (HES), Massey Energy (MEE), Quicksilver Resources (KWK), Schlumberger (SLB) and Southwestern Energy (SWN). New positions were: A123 Systems (AONE), Dynegy (DYN), EOG Resources (EOG), Gastar Exploration (GST) and National Oilwell Varco (NOV). Pickens decreased his holdings in Devon Energy (DVN), Suncor (SU) and Clayton Williams (CWEI), while adding to his stakes in BP (BP), Chesapeake Energy (CHK), Halliburton (HAL), Plains Exploration (PXP) and QEP Resources (QEP). Here are Pickens's largest holdings as of Dec. 31, 2010: * Chesapeake Energy (CHK) * BP (BP) * McMoRan Exploration (MMR) * Weatherford International (WFT) * Plains Exploration (PXP) * QEP Resources (QEP) * EOG Resources (EOG) * SandRidge Energy (SD) * Suncor (SU) * Noble (NE) *See the full SEC filing for T. Boone Pickens' portfolio.

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires

http://www.insurancejournal.com/news/national/2013/08/23/302668.htm April tidsfristen 2014 för ersättningskrav mot BP över sin amerikanska oljeutsläpp är nästan säkert att utökas , säger båda sidan av laglig bosättning som styr utbetalningar , möjligen i 2015 . Den sista dagen för krav , en del av oljan bolagets uppgörelse förra året med enskilda och företag käranden , var alltid potentiellt rörligt , men liksom den öppna karaktären av dess kostnad som drabbade hem tidigare i år , får den obestämda utbyggbarhet inte ha varit fullt uppskattas av långmodighet investerare , analytiker säga . Förlängning kan inte göra mycket skillnad till det totala antalet och kostnaden för relevanta påståenden - $ 9600000000 i slutet av juni och stigande - men det skulle dra ut på bolagets hopp om att lämna bakom bredare Mexikanska golfen oljeutsläpp tvister saga som har tvingat det att sälja en femtedel av bolaget för att finansiera en $ 42400000000 notan hittills . BP länge sedan halkade från andra placerade status bland globala oljebolag till en avlägsen fjärde såsom kostnaderna för 2010 oljeutsläpp minskade sin intjäningsförmåga . Under de fem månader som gått sedan uppgörelsen återuppstått som en nagel i sin sida , har sina aktier halkade med 4,5 procent , en liknande prestanda som större rival Shell trots ett pris - stödjande mars lanseringen av en $ 8000000000 återköp av aktier . " Jag tror att det är ingen tvekan om att den upptrappning av tvisten om rättvisa eller inte affärer påståenden har kastat en skugga över BP: s kursutveckling under de senaste månaderna , " sade Neill Morton , analytiker på Investec i London . " Så utsikterna för de fordringar som varar längre än allmänt förväntat är inte bra . Som sagt , man måste anta att det finns en ändlig gräns för antalet sökande , och att den april deadline kommer att se den stora majoriteten av dem lämnade . " Villkoren för 1033 - sidan PSC Settl

North American stocks struggled in midday trading on Friday, following disappointing economic reports from China and Europe, declining commodity prices and the start of federal spending cuts in the United States. The S&P 500 was down 3 points or 0.2 per cent, to 1512. The Dow Jones industrial average was up 22 points or 0.2 per cent, to 14,077. In Canada, the S&P/TSX composite index was down 68 points or 0.5 per cent, to 12,754. Stocks had been down considerably more at the start of trading, but recovered after the U.S. ISM factory index rose to 54.2 in February, up from 53.1 in January and ahead of expectations. As well, the final reading for the Thomson Reuters/University of Michigan consumer sentiment index rose to 77.6 in February, up from an earlier reading of 76.3. However, manufacturing activity in China slowed and factory output in the euro zone contracted for the nineteenth straight month. And in the United States, disagreement in Washington over spending cuts means that $85-billion (U.S.) of automatic cuts are set to begin, raising concerns about the impact on the economy. Within the S&P 500, energy stocks fell 0.5 per cent, utilities fell 0.2 per cent and industrials fell 0.1 per cent. Health-care stocks and consumer discretionary stocks rose 0.4 per cent each. Canada's benchmark index was weighed down by commodity producers: Energy stocks fell 0.9 per cent and materials fell 1.2 per cent. Among commodities, gold fell to $1,575 an ounce, down $5 and marking its third straight decline. Crude oil fell to $90.62, down $1.41 for its lowest level of 2013. In Europe, the U.K.'s FTSE 100 rose 0.3 per cent and Germany's DAX index fel 0.4 per cent. Related Site: http://www.tumblr.com/tagged/bp%20holdings%20hong%20kong Related Video: http://www.slideshare.net/ayenhillman13/bp-holdings-hong-kong-madrid-economy-articles-tag-archives-bp-holdings-hong-kong-15449789

If everything is under control or under manageable growing situation, then that is not in an overheating regardless how fast it grows. The economy of nation is always under adjustment constantly for pursuing the best balanced growth. If the economy is good, country is in better state.

BP Spain Holdings Press Releases BP og dens co-venturers Shell, ConocoPhillips og Chevron kunngjorde i dag deres beslutning om å fortsette med en to-års vurdering program for å se på muligheten for å utvikle en tredje fase av gigantiske Clair feltet, vest for Shetlandsøyene. Første engasjement innebærer et toårig program for å bore fem avgrensningsbrønner. Dette kan øke til mellom åtte og tolv brønner, avhengig av resultatene fra disse første brønnene. Boringen av først godt nylig startet. Målene for programmet er å gi større sikkerhet på samlede magasinbeholdningen, inkludert deres distribusjon og væske egenskaper; evaluere teknologi for å øke utvinningen fra større Clair; og for å teste muligheten for nye frittstående utbygginger og sammenhengene til Clair Ridge. Trevor Garlick, regionale presidenten for BP Nordsjøen, sa: "Dette er en viktig milepæl og en ytterligere stor forpliktelse til vest av Shetland av BP og dens co-venturers. Hvis det lykkes, avgrensningsbrønn programmet kunne bane vei for en tredje fase av utbyggingen på Clair - er dette nå en reell mulighet." Edward Davey, energi og klima endring sekretær, sa: "denne kunngjøringen av BP av en to års vurdering program for større Clair området for vest for Shetland er utmerket nyheter. Det viser bransjens engasjement for å maksimere potensialet i dette området, som kunne holde opp til 17% av vår olje- og gassindustrien forbeholder seg. "Større Clair beviser det er fortsatt en lang fremtid for olje- og gassproduksjon i Nordsjøen og vil gi tillit til nye rekrutter at industrien tilbyr en karriere for livet." John Hayes, energiminister, sa: "større Clair er svært betydelig som det forsterker for vest for Shetland som et viktig område for framtidig olje- og gass utvikling. "Regjeringen arbeider ekstremt hardt for å sikre olje-og gass har den tillit og sikkerhet som det er behov for å investere, å gi Storbritannia en kilde til energisikkerhet og jobber i årene som