BP sells Siberia stake to Gazprom
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Oil firm BP sells its stake in a Siberian gas field development to Russian state-controlled firm Gazprom.
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Shell has reached a deal with Russia's Gazprom over the multi-billion dollar Sakhalin-2 oil and gas project, reports say.
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BP PLC said Friday it has agreed to sell its stake in a giant Siberian gas field project to state-controlled gas monopoly OAO Gazprom &#151; a widely expected move that comes as the Kremlin tightens its hold on the world's biggest oil and gas industry.
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In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips on Wednesday won an auction with a bid of nearly &#36;2 billion for the Russian government's 7.6 percent stake in Russia's Lukoil &#151; the world's No. 2 oil company by reserves.
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LONDON (CBS.MW) -ConocoPhillips Wednesday said it bought a 7.6 percent stake in Russian oil giant Lukoil for $2 billion and the two agreed that the US company could raise its stake to as much as 20 percent.
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Russia's oil major Lukoil transferred Friday a majority stake in its Bulgaria-based refinery Neftochim to a Dutch filial in a step of a plan to consolidate its holdings in Europe.
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ConocoPhillips paid nearly $2 billion at auction for the Russian government's stake in Lukoil, a purchase that could allow Conoco to become the first Western company to return to Iraq's oil fields.
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Russiaâs strategy to secure a monopoly for Gazprom on exports to Asia is threatening an important investment by BP.
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Russia&#39;s state-owned Gazprom monopoly has announced it will bid for Yukos&#39;s main oil production unit, which is being auctioned off by the government.
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U.S. oil major ConocoPhillips won an  auction for a 7.6 percent state stake in Russian oil giant  LUKOIL with a bid of $1.988 billion, the Russian property fund  said on Wednesday.
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On Tuesday, November 30, the Board of Directors of Russiaâs natural gas monopoly Gazprom has approved the decision to take part in the auction for the sale of 76.8 percent of shares of Yuganskneftegaz, the main production asset of embattled Yukos Oil
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By Carl Mortished, International Business Editor, and Suzy Jagger. GAZPROM, the worldâs biggest gas group which is part-owned by the Russian State, last night transformed itself into a global oil giant when
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SAN FRANCISCO (CBS.MW) - The Canadian government will sell its 19 percent stake in Petro-Canada for $2.49 billion, according to the final prospectus filed with the US Securities and Exchange Commission Thursday.
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Gazprom, Russia&#39;s state-controlled gas monopoly, on Tuesday said it would bid for the main production unit of Yukos, the country&#39;s embattled oil
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The Russian natural gas company Gazprom on Tuesday said it would buy one of the country&#39;s top oil companies, a move that would create a state-owned energy juggernaut.
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Russia's state-controlled gas giant Gazprom approved a plan to bid for Yukos' core production unit Wednesday amid reports that the company was negotiating to secure a &#36;13 billion loan from a group of Western banks to support its offer.
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British oil giant Shell announced that its Belgian arm had agreed to sell its stakes in two Belgian gas companies to utility group Suez-Tractebel in deals worth a total of around 380.4 million euros (460 million dollars).