Tony Hayward, BP's boss, has been at pains to restore BP's standing in America since taking over three years ago.
BP's UK logistics infrastructure manager, Mark Hardie, said the contract was part of BP's long-term marine strategy to support its UK offshore operations.
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BP's Russian partners, who had sparred with the British company over management at the venture in recent years, last week came out publicly to defend BP's environmental performance amid the Gulf crisis.
He says he expects to come to a settlement quite easily, and that one of BP's strengths is its long history of involvement with Russia, which contributes about 10% of BP's profits.
After plaintiffs' attorneys rested their case Wednesday, U.S. District Judge Carl Barbier ruled there was no evidence that BP's drilling fluids contractor M-I LLC made any decision that led to the blowout of BP's Macondo well.
The acquisition is made up of BP's interests in both mature and newly developed projects including Harding (70%), Maclure (37.03%) and Devenick (88.7%) fields in the central North Sea, as well as BP's non-operated interests in the Brae fields complex and the Braemar field.
The Kremlin is an important constituency for BP because the British giant's TNK-BP Ltd. venture in Russia represents almost a quarter of BP's global production.
Mr. VAITHEESWARAN: The report's that BP's trading arm tried to manipulate one part of the futures markets.
Ken Salazar, the secretary of the interior, vowed to keep the government's boot on BP's neck.
"You want to know the size of it, look at Pemex's reserves, not BP's, " he says.
As long as politicians sense BP's willingness to pay, BP will have to keep paying.
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He added that there were areas where the panel's probe would conflict with BP's findings.
BP's Mr. Gowers said BP has "worked cooperatively with OSHA" to resolve problems at the refinery.
That weakness is reflected in ChevronTexaco shares, which recently traded at 10.3 times expected 2004 earnings, compared with ExxonMobil's 14.4 and BP's 13.6.
That weakness is reflected in ChevronTexaco shares, which recently traded at 10.1 times expected 2004 earnings, compared with ExxonMobil's 14.5 and BP's 16.5.
Transocean, too, rejected it as self-serving and pointed to flaws in the well's design, as well as to BP's management of the project.
Shell's plans had been held up by BP's disastrous 2010 oil spill in the Gulf of Mexico, which prompted a review of offshore drilling plans.
Yet Exxon's plans already look more promising than BP's did.
Hayward said last July that he would step down as chief executive on Oct. 1 to make way for Bob Dudley, the former chief executive of BP's Russian joint venture, TNK-BP.
That's less than 1.5% of BP's daily production of 3.9 million barrels of oil and gas equivalents.
The gas field, about 60 kilometers (37 miles) west of the Libyan border and 1, 300 kilometers (about 800 miles) from the Algerian capital, Algiers, is run by Algerian state oil company Sonatrach in partnership with Britain's BP and Norway's Statoil.
The news, however, suggests that Britain's Energy and Climate Change Committee will question Hayward about BP's ability to respond to an oil spill or other incident in the North Sea, as part of a government inquiry into the safety of deep water drilling in Britain.
TNK-BP's chief executive, Bob Dudley, a former employee of BP, has since tried to rein in employees close to AAR, but has not been able to because of the divisions at the top.
At a press conference Bob Dudley, BP's new boss, said that it had been impossible for BP to talk to AAR in advance of the Rosneft deal because of the market sensitivity of the share swap involved, and that BP and its partners would be headed for arbitration on the matter regardless of the court verdict.
Central and South America lost operating income in drilling and production, hindered by the U.S. moratorium on offshore drilling in the Gulf of Mexico following BP's Deepwater Horizon disaster.
The company's case is hardly helped by the fact that Robert Kaluza, BP's well manager on board the rig at the time of the disaster, has declined to testify in front of an investigation into it, pleading his fifth-amendment right to avoid self-incrimination.
"It's like air traffic control on water, " says Geir Karlsen, BP's expert on such operations.
"It is telling that the Department of Justice's charges against Kurt Mix surround efforts to cover up the fact that BP's public estimates of the oil flow rate were far lower than the actual flow rate, " the group said in a statement on the arrest.
Mr Vekselberg prevailed, forcing some of TNK-BP's employees to leave Russia almost immediately, and dramatically escalating the row between BP and its partners.
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