James Leng

BP Ends Disputes With TNK Partners to Clear Rosneft Way

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.

TNK-BP Board to Consider Resuming Dividends as Cash Builds

BP Plc and its billionaire partners in TNK-BP asked management to review the Russian oil venture’s “significant” cash pile and assess its ability to resume dividend payouts.

Schroeder Said to Quit TNK-BP Board Amid Shareholder Tensions

Ex-German Chancellor Gerhard Schroeder and former Corus Group Plc Chairman James Leng resigned from TNK-BP’s board amid strained relations between BP Plc and its Russian billionaire partners, a person with knowledge of the decision said.

Former BP Chief Hayward Said to Plan $1.6 Billion Oil Fund IPO in 3 Months

Former BP Plc Chief Executive Officer Tony Hayward plans to raise at least 1 billion pounds ($1.6 billion) in an initial public offering of an energy investment fund, according to three people with knowledge of the matter.

BP Partners Reject Request for $1 Billion Dividend at TNK-BP

BP Plc’s billionaire partners rejected a proposal from the U.K. energy producer for TNK-BP, their Russian oil venture, to pay a $1 billion dividend, increasing pressure to resolve a shareholder impasse.

TNK-BP Billionaire Fridman Quits as CEO, Deepening Dispute

TNK-BP said billionaire investor Mikhail Fridman resigned as chief executive officer, deepening a dispute between BP Plc and Russian shareholders at Russia’s third-largest oil producer.

TNK-BP Cancels Board Meeting After Directors Step Down, IFX Says

The board of TNK-BP, the Russian oil venture owned by BP Plc and a group of billionaires, cancelled a Feb. 24 meeting because two independent directors stepped down last year, leaving it without a quorum, Interfax said, citing an unidentified person with knowledge of the matter.

BP, Billionaires Ask TNK-BP Board Members to Review Rosneft Deal

BP Plc and its billionaire partners in TNK-BP asked the Russian oil venture’s three independent board members to review OAO Rosneft and the U.K. explorer’s planned alliance, said Alexander Shokhin , one of the directors.

TNK-BP Quarterly Net Drops 17% on Lost Tax Break, New Fields

TNK-BP International Ltd., the Russian oil venture owned by BP Plc and a group of billionaires, said first-quarter profit fell 17 percent as taxes and costs rose amid production gains at new fields.

BP Delays TNK-BP Board Vote on Rosneft Deal to Study Plan

TNK-BP’s board delayed a vote on replacing BP Plc in an alliance with OAO Rosneft for a second week, as directors from the U.K. explorer and an independent member asked for more time to study proposals, the venture said.

Gerhard Schroeder

Russia

Mikhail Fridman

German Khan

U.S. Stocks Rise on Stimulus Bets as Manufacturing Falls

Gold Futures Tumble Below $1,400 as Dollar Extends Gains

Singapore Police Accessed Todd’s Hard Drive, FBI Says

Industrial Production in U.S. Falls by Most in Eight Months

European Stocks Advance as BOE Raises Growth Forecast