* 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
Read moreThe 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
Read moreBP 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,"
Read more(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
Read moreSept 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
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