BP to pull out of Russian gas field
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Oil group BP is close to giving up its stake in a vast Russian gas field to state monopoly Gazprom, potentially tightening the Kremlin&#39;s grip on its energy reserves, a report said Friday.
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Unocal Corp. and the Royal Dutch/Shell Group are withdrawing from a project to exploit oil and gas in the East China Sea, the companies said Wednesday, citing &quot;commercial reasons.
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Russia won the right on Friday to route a major gas supply route to Europe through its ally Serbia, a move analysts described as marking a Kremlin victory in a "pipeline war" with the European Union.
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BP is to continue pumping oil from part of a giant field in Alaska, where a corroded pipeline sprang a leak last week, and aimed to raise output to 200,000 barrels per day.
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Oil major BP Plc has shut down 10,000 barrels per day of oil production at its giant Prudhoe Bay oil field in Alaska after discovering a leaking flow line, the Anchorage Daily News reported on Saturday.
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Energy giant BP said that overall production of its oil products during the third quarter was expected to rise by 11 percent from the equivalent figure last year, helped by its Russian operations.
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Russia suspends vital water use permits for Royal Dutch Shell's Sakhalin-2 offshore oil and gas venture.
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The Anglo-Dutch Shell Petroleum Development Company (SPDC) has announced to shut down a flow station and withdraw 244 non-core workers from oil fields in the Niger Delta as battles
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Oil major BP Plc  told its 3,300 office workers in the suburbs of Chicago on Thursday that many staff will be relocated to Houston while others may be laid off, a BP spokesman said.
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MOSCOW -- Russian regulators could cancel Total SA's license to extract oil in an Arctic region, a government ministry said Wednesday, a move that comes just days after a Shell project led by Shell had a key permit pulled.
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Moscow - Russia&#39;s justice ministry announced plans Tuesday to break up the Yukos oil giant in a fatal blow to Russia&#39;s largest oil producer and its former Western investor darling who once dared challenge President Vladimir Putin&#39;s rule.
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Conoco Phillips is pulling out of its Venezuelan oil ventures after failing to agree on new contract terms with the populist government of President Hugo ChÃÂ¡vez, and Exxon Mobil said it had also reached an impasse in negotiations there.
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding
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LONDON  - British energy giant BP PLC said Wednesday that oil and gas production rose four per cent in the fourth quarter of 2004, largely due to higher output from Russia, but added that higher taxes there would take a chunk out of earnings.
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Russian President Vladimir Putin is set to conclude a deal to build a pipeline linking its oil fields to Greece via Bulgaria.
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Schlumberger, the world's No. 2 oil services firm, said Friday it removed equipment from Yukos because of concern the embattled oil giant may cease to operate.
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Russia's environmental regulator said Tuesday it had filed suit seeking to revoke approval for a $20 billion international oil project led by Royal Dutch Shell on the Pacific island of Sakhalin.