World Business Briefing | Europe: Britain: B.P. to Buy Chevron Assets
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BP said it had agreed to buy Chevronâs manufacturing company in the Netherlands, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory. BP will acquire Chevronâs 31 percent minority shareholding in the Netherlands Refining Company as well as Chevronâs stake in the jointly owned wind farm located at the refinery; shareholdings in the nearby crude oil terminal and storage facility; and a number of associated pipelines. The deal, which is expected to be completed during the first half of the year, would make the refinery a 100 percent BP- owned asset.
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Libya announced on Tuesday that it will sign a 900 million dollar exploration deal with British energy giant BP, following the company&#39;s announcement it planned a return to the north African country after a 33 year absence.
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Energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars.
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LONDON - BP PLC agreed to pay $373 million to resolve charges related to a fatal refinery explosion, market manipulation, and an oil pipeline leak, as Europe's second-largest oil company tries to recover from lapses that dented its share price and image.
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British energy giant BP said that it planned to invest 3.0 billion dollars (2.36 billion euros) in its refinery in the US state of Indiana, in a move aimed at boosting motor fuel output.
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U.S. private equity firm Carlyle Group  is expected to buy Libya's European oil company Tamoil, Britain's The Business newspaper reported on Sunday, citing a source close to the deal.
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US investment bank Goldman Sachs is preparing to launch a British division which will specialise in buying company pension schemes.
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The Royal Bank of Scotland agreed Monday to buy a majority share of US broker Sempra Commodities for 1.35 billion dollars (991 million euros) as part of a joint venture with parent company Sempra Energy.
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British oil giant BP is set to announce its return to Libya, Prime Minister Tony Blair&#39;s official spokesman said, shortly before taking off for the north African country.
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Business & money: Â·  British Gas owner Centrica may be target of Russians Â·  Putin shrugs off warning by Blair on economic ties
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Oklahoma city-based Chesapeake has agreed to purchase Tulsa-based BRG Petroleum Corporation for 325 (m) million dollars in cash. Chesapeake, already the top producer of Oklahoma oil and gas, would add to its
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A 25% stake in nuclear power station firm British Energy is to go on sale immediately to fund nuclear clean-up costs.
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BT Group confirmed this morning it is to buy the Californian telecoms group Infonet Services Corp for Â£965 million. The news followed reports which said that the UK telecoms
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LONDON (CBS.MW) -- Independent Canadian oil and gas company Nexen is to buy the UK subsidiary to fellow Canadian independent Encana for $2.
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Business & money: Transport for London to declare interest in acquiring stricken London Underground contracting firm.
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An investment group is expected to  announce Monday that it has struck a deal to buy British water  utility AWG PLC  for about $4.12 billion (2.2 billion  pounds, a source familiar with the situation told Reuters on  Sunday.
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British energy giant BP is set to announce its return to Libya after an absence of 33 years, Prime Minister Tony Blair&#39;s official spokesman said Tuesday, shortly before Blair took off for the north African country.