Posts Tagged ‘financial-times’
A surge in output from shale oil reserves in the Bakken of North Dakota and Eagle Ford of Texas has raised US domestic production to the highest level since 1995, of light, sweet crude that could fetch better prices on international markets. The US still imports more than 8 million barrels per
Putin Backs BP, Rosneft Plan for TNK-BPMOSCOW -- Russian President Vladimir Putin backs BP's plan to sell its 50% stake in TNK-BP to state-controlled Rosneft and use some of the proceeds to buy Rosneft shares, the head of the Russian company told the Financial Times."[Rosneft] will have
Russia to boost Arctic oil licenses for Western companiesMOSCOW -- Russia is considering a proposal that would allow western companies to not only operate offshore projects in its Arctic waters but to "have access to production" and become "co-owners of the licenses," the Financial Times reported on its website,
The Financial Times described de Margerie's comments as the first time a major oil company has publicly criticised offshore exploration in the Arctic.The risk of an oil spill in such an environmentally sensitive area was simply too high, according to de Margerie."Oil on Greenland would be a disaster.