Daily Archives: February 21, 2011

As the Great Socialist People’s Libyan Arab Jamahiriya comes crashing down, despite regime attempts to butcher demonstrators — here’s a timely reminder on corporate exposure. Read more

In one of the biggest foreign direct investments to date in India, BP is to pay $7.2bn to Reliance Industries in a deal that will give it a 30 per cent stake in 23 oil and gas blocks. Read more

Kiran Stacey

BP’s partnership with Rosneft was remarkable for a number of reasons, not least that it was done against the wishes of BP’s partners in TNK-BP and was the first equity partnership between a private international and a public national oil company. It is also a partnership not limited to developing Russian assets only: the two parties have a 50/50 ownership of Ruhr Oel, a German refining joint venture. Read more

Kiran Stacey

As protests move from the east of Libya towards its capital Tripoli, triggering the decision by BP to suspend some of its operations in the country, markets are nervously watching the oil price. Read more

FT Energy Source

- BP Statoil suspend Libya operations – WSJ (£)
- BP prepares to evacuate some Libya staff – AFP
- BP suspends oil exploration in Libya as violence worsens – Bloomberg
- Crude up on Libya unrest – WSJ (£)
- Oil flows, but high prices jangle nerves – NY Times
- Oil groups rush to grab slice of East Africa – FT
- European gas pipeline costs double – The Guardian
- TNK-BP considers role in Rosneft tie-up – FT
- Judge puts off Chevron decision – WSJ (£)
- Centrica risks probe with £2bn bonanza – FT
- Centrica has ‘nothing to hide’ from profits inquiry – The Telegraph
- France to discuss nuclear industry fate – Reuters
- Cameron intervenes in Cairn sale – FT
- Essar agrees break fee on Shell’s Stanlow – FT
- DCC ignores OFT and buys rival Pace – The Telegraph
- Energees takes control of Regal Petroleum – FT Read more