David Peattie News
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BP Plc’s Russia chief will leave the company to become chief executive officer of Fairfield Energy, a private-equity-owned North Sea oil producer where former BP CEO John Browne is a board member.
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TNK-BP management accused board member David Peattie of a potential breach of fiduciary duty for his part in negotiating BP Plc’s share swap with OAO Rosneft, according to a copy of a letter sent to Peattie and read by Bloomberg News.
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BP Plc agreed to end all legal disputes with its billionaire partners in Russia’s third-biggest oil company, clearing a path for the sale of the venture to OAO Rosneft.
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BP Plc ’s billionaire partners in the TNK-BP oil venture plan to stop a $1.8 billion dividend payment as a dispute about the U.K. explorer’s alliance with Russia’s biggest oil company worsens.
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Vladimir Putin used a Russian proverb to explain why he’s granting BP Plc access to 125,000 square kilometers (48,000 square miles) of Arctic water: the man who’s been beaten is worth two who haven’t.
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BP Plc Chief Executive Officer Tony Hayward will be in Moscow June 28-29 for talks with Russian government officials, said Dmitry Peskov , spokesman for Prime Minister Vladimir Putin .
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Russian bailiffs disrupted operations at BP Plc’s Moscow office, occupying the premises for a second day, adding to the U.K. oil producer’s woes in the country.
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BP Plc Chief Executive Officer Tony Hayward will meet with Russian Deputy Prime Minister Igor Sechin to discuss the British company’s operations in the country as it struggles to contain the largest oil spill in U.S. history.
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