
* Sanctions hitting all credit lines * Rosneft having to cut staff and sell prized field to China * Needs huge spend on new fields, modernising old refineries * Can tap Russia state resources, Chinese credit * But access to Western technology - cut off - is vital By
The chief financial officer of oil giant BP has topped up his stake in the group with a £233,318 share purchase following last week's court ruling. Brian Gilvary, who was appointed to his role at the start of 2012, acquired 50,000 shares at 466.64p apiece. Last week the group was slapped with on
BP is preparing for a long legal battle that could delay for several years the financial impact of Thursday's court ruling that it acted with gross negligence and wilful misconduct in the Deepwater Horizon disaster, the Financial Times reported. "It's going to be a long time before we resolve this,"
(Refiles to add dropped letter "s" in paragraph 9) Sept 7 (Reuters) - The British government has urged the U.S. Supreme Court to review appeals court rulings against BP Plc over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history. In a f
(Corrects to make clear British government brief does not relate to Louisiana court ruling last week) Sept 7 (Reuters) - The British government has urged the U.S. Supreme Court to review appeals court rulings against BP Plc over a 2010 Gulf of Mexico oil spill that produced one of the larg
Sept 7 (Reuters) - The British government has urged the U.S. Supreme Court to review an appeals court ruling against BP Plc over a 2010 Gulf of Mexico oil spill that produced one of the largest class actions in American history. A Louisiana court ruled last week that BP was "grossly neglig
-- Source link: (http://on.ft.com/1q3ryne) -- Note: Reuters has not verified this story and does not vouch for its accuracy
DUBAI, Sept 7 (Reuters) - A revised contract signed last week by British oil major BP and China's CNPC for Iraq's Rumaila oilfield has raised both companies' stakes in a joint venture formed to develop the field, a senior Iraqi oil official said on Sunday. Under the revised contract, BP ha