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Share Price: 523.30
Bid: 523.60
Ask: 523.80
Change: -1.50 (-0.29%)
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Open: 524.80
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Rosneft names new managers after former TNK-BP executives quit

Mon, 20th May 2013 15:50

MOSCOW, May 20 (Reuters) - Rosneft, thestate-owned Russian crude producer which earlier this yearbought TNK-BP, announced several senior management appointmentson Monday after former TNK-BP executives decided to leavepositions they had been offered.

The world's biggest listed crude producer, which paid $55billion in cash and stock for TNK-BP, said its former head, Eduard Khudainatov, was taking over the production departmentfrom Sergei Brezitsky, who had worked at TNK-BP until 2011 priorto being offered the job at Rosneft.

Among the other changes, Marcus Cooper, a veteran of Britishoil firm BP which ended up with almost 20 percent inRosneft after the TNK-BP deal, will head the Russian firm'strading unit, also taking over from a former TNK-BP employee.

Business daily Vedomosti said last week two former managersof TNK-BP had left Rosneft for "personal reasons", only abouttwo months after moving to new jobs, possibly due to differencesin the "corporate culture".

A Rosneft spokesman declined immediate comment on why theformer TNK-BP managers had left, while a source at the companysaid "its working schedule is tougher than at a private firm."

Rosneft is headed by Igor Sechin, a powerful andlong-standing ally of Russian President Vladimir Putin. Beforetaking over Rosneft last year, Sechin, a former militarytranslator, oversaw country's energy sector in the government.

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24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

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24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.

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24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said its Tyrving field development could start production sooner than previously planned.

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

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18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

LONDON, April 18 (Reuters) - BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
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International Biotechnology Trust PLCAGM
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Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
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Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

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18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

BP PLC - London-based oil and gas major - Announces organisational restructuring. Intends to keep its three businesses - production & operations, gas & low carbon energy and customers & products - enabled by trading & shipping. Plans to integrate the current regions, corporates & solutions organisation into the businesses and functions. BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. BP explains these changes will "reduce duplication and reporting line complexity".

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BP cuts size of executive team, shakes up structure

(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.

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17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

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17 Apr 2024 17:36

Sustainable Finance Newsletter - Republican AGs look to limit climate groups

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17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

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Carbon Done Right advances Sierra Leone rewilding project

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15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

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