Importantly, though, BP receives a way out of its strained relations with its TNK-BP parnters.
FORBES: From Russia With Love: BP Draws Closer To Kremlin With $30B Sale of TNK-BP Stake
Other competitors in the energy sector include: Chevron (CVX), BP (BP), and ConocoPhillips (COP).
As long as politicians sense BP's willingness to pay, BP will have to keep paying.
WSJ: The Weekend Interview with Bob Dudley: Three Years After the Spill, BP Gets Bullish
BP's Mr. Gowers said BP has "worked cooperatively with OSHA" to resolve problems at the refinery.
As well as internal wrangles, BP employees at TNK-BP have fallen foul of Russian authorities.
Regulators say the BP traders did this with the knowledge, advice, and consent of senior BP management.
According to BP ( BP), Japan was responsible for 5.2 percent of global oil demand in 2009.
TNK-BP is jointly owned by Alfa Access Renova (AAR) and BP, after a deal struck in 2003.
TNK-BP, the Russian sister company of BP, is even vying for Libyan contracts--competing directly with the British giant.
Another contentious issue, the number of expatriate BP employees at TNK-BP, has also been resolved to their liking.
Other competitors in the energy sector include: BP (BP), ConocoPhillips (COP), and Marathon Oil (MRO).
The 2005-2010 average difference in risk premiums is 386 bp and the February 10 differential is 264 bp.
Other competitors in the energy sector include: Chevron (CVX), Devon Energy (DVN), and BP (BP).
Pope was also negative on BP because the bearish bets on BP stock in options markets were rising.
However, TNK-BP has been a major success for BP in terms of production.
FORBES: BP Stock Heads To $55 Despite Russian Raids, Gulf Platform Closures
As well as the sale of its TNK-BP stake, BP also sold its Texas City refinery in the first quarter.
On February 10 the differential was only 146 bp, a bit more than 100 bp less than the historical average.
Exploiting the deep was a typically bold move by Browne, a lifelong BP employee whose father was a BP engineer.
The rig was owned by Transocean ( RIG), but it was BP ( BP) who owned the doomed oil well.
Transocean has largely blamed BP, saying that as the operator, BP had final responsibility for all decisions on the rig.
At least one of the victims' families has filed a lawsuit against BP and Transocean, accusing BP specifically of negligence.
The Bp site was labeled a paraody site after Bp complained to Twitter, but there has been no uniform treatment.
FORBES: Was Greenpeace's Shell Hoax Brilliant Or 'Villainous'? One Of The Guys Behind It All Speaks.
Tony Hayward, BP's boss, has been at pains to restore BP's standing in America since taking over three years ago.
Now BP faces a wave of criticism within Russia for not alerting Rosneft of potential complications for its deal with BP.
FORBES: BP Gets Shafted In Russian Deal To Explore Arctic With Rosneft
Meanwhile brighter prospects loom eastwards as BP lays the groundwork for a second world-scale plant at their BP Zhuhai site in Guangdong Province, China.
Oil giant BP has agreed to sell its 50% stake in TNK-BP to Russia's Rosneft in return for cash and shares.
But BP had objected to the company venturing out of Russia and onto turf that BP thought should be its own.
FORBES: Billionaire Returns To The Iraqi Oil Game With New IPO
Those shareholders argued that the Rosneft deal brokeTNK-BP shareholder agreement under which all energy projects had to be offered to TNK-BP first.
DuPont and BP (nyse: BP - news - people ) have been working on the new fuel since 2003.
Of the BP employees, 14 are safe, and four BP employees are still missing in Algeria, BP Chief Executive Bob Dudley said.
应用推荐