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* AAR gets $27.73 bln for its half of TNK-BP * BP gets $12.48 bln, 19.75 pct Rosneft stake for its half * Rosneft now a bigger oil producer than Exxon * Transfers finalised during all-night session with Putin * AAR partners plan new ventures in oil, telecoms * BP con
Read moreBy Braden Reddall March 21 (Reuters) - Chevron Corp, after years of living in the shadow of Exxon Mobil Corp, has grown accustomed to having to punch above its weight, and it has now landed a notable blow against another big oil company. Though it ranks fourth in oil and gas reserves
Read moreMarch 21 (Reuters) - Russian state-owned oil company Rosneft announced the completion of a $55 billion deal to buy BP and its partners out of TNK-BP. Following is a timeline of BP's history in Russia: 1997 - BP pays $571 million for a 10 percent stake in SIDANKO, then Russia's fifth-
Read more(Corrects ninth paragraph to reflect two Republican senators voted against bill.) By Yereth Rosen ANCHORAGE, Alaska, March 20 (Reuters) - Alaska state senators approved a deep cut to oil taxes late on Wednesday, arguing that drastic measures were needed to boost sagging oil production
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Thursday proved a busy day for oil giant BP, which announced the completion of a number of transactions with Rosneft, Russia's largest oil company. In what BP described as an 'historic day', Rosneft has now paid BP $16.65bn for the latter's 50% stake in TNK-BP. BP then used $4.87bn of the cash
Read moreMOSCOW, March 21 (Reuters) - Rosneft said on Thursday it had closed the acquisition of TNK-BP, making it the world's largest listed crude producer with BP as a major shareholder. Rosneft said it wrapped up the deal to acquire 50 percent of TNK-BP for $27.73 billion from the AAR consortium
Read more* Statoil wins tract with highest bid of $81.7 million * Shell submits most high bids * BP sits out, banned from new govt contracts By Kristen Hays HOUSTON, March 20 (Reuters) - Norway's Statoil submitted the highest single bid on Wednesday in the latest federal auction o
Read more* Shenandoah field could be double or triple previous estimates * Find latest in string of potentially huge fields * Company aims to continue appraisals * Anadarko shares rise 3.7 pct By Kristen Hays HOUSTON, March 20 (Reuters) - Anadarko Petroleum Corp's latest wel
Read moreBy Stephen Jewkes RAVENNA, Italy, March 20 (Reuters) - OPEC member Iraq's fifth licensing round for oil exploration will be held in the next few months and will come from 10 oil blocks, its oil minister said on Wednesday. Iraq, which has some of the world's largest oil reserves, is pu
Read more* Private firms seen replacing majors in African fuels * Follows AOG's plan to invest $400 million GENEVA, March 20 (Reuters) - Addax & Oryx Group (AOG) said it has agreed to buy BP and Masana Petroleum Solution's liquefied petroleum gas (LPG) distribution business in South Africa as
Read moreBy Kathy Finn NEW ORLEANS, March 19 (Reuters) - The chief executive of Transocean Ltd, owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, testified on Tuesday that his workers made mistakes that day, but were not responsible for overall safety at the site. Steven
Read moreBy Kathy Finn NEW ORLEANS, March 19 (Reuters) - The chief executive of Transocean Ltd, owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, told a federal judge on Tuesday that his workers made mistakes that day, but were not responsible for overall safety on the rig.Read more
* Exemptions a sticking point * Differences narrowed, further talks in April * U.S. appeals court to hear challenge to U.S. law this week * Soros, France, Britain back rigour By Barbara Lewis BRUSSELS, March 19 (Reuters) - The European Union failed to reach agreement
Read more* PGNiG expects 2013 output to rise to 4.8 bln cubic metres * Q4 net profit $687 mln, below expectations * Boosted by Gazprom deal, but not as much as expected By Agnieszka Barteczko WARSAW, Mar 19 (Reuters) - Polish gas monopoly PGNiG said the start of production at the
Read more* Exemptions last major issue for EU talks * U.S. appeals court to hear challenge to U.S. law this week * Soros, France's Hollande, Britain's Clegg back rigour By Barbara Lewis BRUSSELS, March 19 (Reuters) - Europe appears set to agree rules forcing oil, gas and mining com
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