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City sources predict the FTSE 100 will open down 21 points from yesterday's close of 4,389, tracking declines seen in the US overnight as investors await further news on Cyprus. US stocks fell the most they had in almost a month on Thursday, as weaker-than-expected data out from the Eurozone and c
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JAKARTA, March 22 (Reuters) - London-listed oil and gas giant BP said its plans for a third liquefied natural gas (LNG) train at its Tangguh project in Indonesia are on schedule to go on stream in 2019, in a meeting with the country's oil and gas regulator on Friday. The Tangguh Train 3 pro
Read moreMOSCOW, March 22 (Reuters) - Rosneft's ambitious goal of increasing oil supplies to China to 50 million tonnes a year (1 million barrels per day) is achievable, the company's head Igor Sechin said in a television interview on Friday. Industry sources have told Reuters that Rosneft plans to
Read moreLONDON, March 22 (Reuters) - British oil company BP said on Friday it would launch an $8 billion share buy-back programme to return cash to shareholders after closing the sale of its stake in its Russian unit. BP, which completed the sale of its partially-owned Russian oil firm TNK-BP to R
Read moreFTSE 100 oil and gas producer BP intends to carry out a share repurchase programme with a total value of eight billion dollars. The decision to buy-back shares follows the completion on March 21st of the sale of BP's 50% interest in TNK-BP to Russian oil company Rosneft. The programme is expected t
Read moreMOSCOW, March 22 (Reuters) - Dmitry Avdeyev, who has been managing finances at Russia's biggest oil producer Rosneft since June 2012, has left the company after it completed the $55 billion acquisition of TNK-BP, local press reported on Friday. Kommersant business daily, citing unidentifie
Read more* 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
Read moreThursday 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
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