Maxim Barsky Selected to Become Next TNK-BP CEO

Friday, November 20th, 2009

BP and AAR today announced the appointment of Maxim Barsky as TNK-BP's next CEO The TNK-BP board of directors unanimously agreed to appoint Maxim Barsky, TNK-BP executive vice president for strategy ...


TNK-BP reports its results for the first half of 2009

Wednesday, July 29th, 2009

TNK-BP today reported its results for the six months ended June 30th 2009 (US$ millions unless otherwise stated). 1Q09 2Q09   1H09 1H08 43.6 58.1 Urals (average US$/barrel) 50.9 105.6 33.9 32.2 Foreign Exchange (average RUR/US$) 33.1 24.0 1,668 1,669 Oil and Gas Production (mboed) 1,668 1,619 6,328 8,159 Revenues 14,487 28,295 885 942 Operating Expenses 1,827 2,462 1,489 2,355 EBITDA 3,844 7,585 747 1,260 Net Income 2,007 4,685 1,181 1,677 Operating Cash 2,858 5,584 5,966 5,799 Net Debt 5,799 5,184 711 556 Capex (organic) 1,267 2,278 Commenting on the results, ...


TNK-BP to Invest More in Ukrainian Refining

Monday, July 13th, 2009

TNK-BP announced today that it has successfully closed a transaction that brings its effective shareholding in the Lisichansk Refinery close to 100%. The transaction was endorsed by TNK-BP Limited (BVI) ...


Board of Directors of TNK-BP Approves an Increase in Investment

Wednesday, June 17th, 2009

Commends the Company’s Performance in the First Half of 2009 TNK-BP today announced the results of a meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of ...


Board of Directors of TNK-BP Approves an Increase in Investment; Commends the Company’s Performance in the First Half of 2009

Monday, June 15th, 2009

TNK-BP today announced the results of a meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired ...


Weatherford Agrees to Acquire TNK-BP Oil Field Services

Monday, June 1st, 2009

TNK-BP and Weatherford International Ltd. today announced that Weatherford has agreed to acquire TNK-BP’s Oil Field Services (OFS) enterprises in exchange for 24.3 million shares of Weatherford common stock and ...


TNK-BP Shareholders Agree on CEO Succession Plan

Thursday, May 28th, 2009

This press release is issued jointly by BP and the Alfa-Access-Renova (AAR) Consortium BP and the Alfa-Access-Renova (AAR) consortium today announced that they have agreed a succession plan to appoint a ...


Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Thursday, April 30th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


Oil News from around the web, $50 per barrel is too low for continued investment;Nigeria-Europe gas pipeline sparks fresh interest

Monday, April 27th, 2009

))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment. The 12 member ...


TNK-BP Releases Data from the 2008 International Reserve Audit

Monday, March 2nd, 2009

TNK-BP today released the results of the independent audit of its reserves as at the end of 2008. This represents the sixth annual external audit of the company’s reserves since ...


Robert Dudley to Join BP Board

Thursday, February 19th, 2009

The board of BP p.l.c. today announced that it has appointed Robert Dudley as a director with effect from April 6, 2009. As a managing director of the BP Group ...


Former German Chancellor Gerhard Schroeder Agrees To Join TNK-BP Board

Thursday, January 15th, 2009

BP today announced that the shareholders in TNK-BP have agreed to appoint three independent directors, including former chancellor of the Federal Republic of Germany, Gerhard Schroeder, to the restructured main ...


BP Pledges Continued Robust Support For TNK-BP CEO Robert Dudley

Friday, July 25th, 2008

Robert Dudley, Chief Executive Officer of TNK-BP, announced today that he is to leave Russia temporarily. BP is deeply disappointed that Mr Dudley has reached the conclusion that the interests ...


TNK-BP CEO Robert Dudley’s visa may not be renewed

Thursday, July 17th, 2008

BP today expressed its displeasure that public statements are being made by officials at the Federal Migration Service (FMS) suggesting that TNK-BP CEO Robert Dudley’s visa may not be renewed Mr ...


TNK-BP Statement

Tuesday, March 25th, 2008

TNK-BP is a commercial organization engaged in normal and legitimate commercial activities. We are a Russian company and we work successfully on a fair commercial basis with many other Russian companies ...


TNK-BP and OGK-1 Have Signed a Shareholders Agreement

Monday, March 24th, 2008

OGK-1 OAO (“OGK-1”) and TNK-BP have signed a Shareholders Agreement (“Agreement”) to jointly implement an investment project for the construction of a new power unit at Nizhnevartovskaya Thermal Power Plant ...