After months of speculation about what a possible Gulf of Mexico spill settlement might look like, the fast-emerging deal that may be close to completion looks nothing like anything even the boldest prognosticators expected. BP and lawyers ...

REFILE-UPDATE 1-TNK-BP ramps up capex to tap new fields

MOSCOW, Feb 29 (Reuters) - TNK-BP, Russia's third largest crude producer, is looking to increase capital expenditures this year by around 17 percent to offset a production decline in its traditional regions with output growth at new fields.

Kiev’s big shale gas tender kicks off with a whiff of controversy

People in Ukraine’s government say companies such as Royal Dutch Shell, Russian-British TNK-BP, America’s ExxonMobil and Italy’s Eni are considering bids to look for shale gas and other unconventional deposits. Tenders for production ...

BP faces billions in fines as spill trial nears

NEW ORLEANS (AP) -- On the cusp of trial over the catastrophic 2010 oil spill in the Gulf of Mexico, phalanxes of lawyers, executives and public officials have spent the waning days in settlement talks. Holed up in small groups inside law ...

TNK-BP To Lift Crude Exports Through Baltic, Black Sea Ports

MOSCOW -- Anglo-Russian oil producer TNK-BP Ltd., half-owned by BP PLC (BP), said Wednesday it plans to lift crude oil shipments by between 300,000 and 350,000 metric tons a month through the Baltic and Black Seas when supplies to its Lisichansk ...

BP agrees to sell Kansas gas production and processing assets

BP (NYSE: BP) announced today that it has agreed to sell its interests in the Hugoton, Kansas, Jayhawk gas processing plant and associated producing gas fields in Kansas to an affiliate of LINN Energy, LLC (NASDAQ: LINE). Under the agreement, LINN Energy ...

US attorney general says ready for BP trial

WASHINGTON Feb 28 (Reuters) - U.S. Attorney General Eric Holder said on Tuesday that his team is prepared to go to trial against BP Plc over the mammoth Gulf of Mexico oil spill next week and said there could be developments on the criminal ...

UPDATE 1-Linn to buy Kansas assets from BP for $1.2 bln

Feb 27 (Reuters) - U.S. oil and gas company Linn Energy LLC said it will pay $1.2 billion to buy natural gas assets in Kansas from BP Plc. BP is selling assets as part of an effort to raise $45 billion to pay for its Gulf of Mexico spill in 2010.

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