TNK-BP Newswire

Comprehensive Real-Time News Feed for TNK-BP.

Results 1 - 20 of 173 in TNK-BP

  1. Even Russians Are Running From the RubleRead the original story w/Photo

    2 hrs ago | Switched

    ... international banks. The best example is Rosneft, which borrowed about $40 billion last year to buy its competitor, TNK-BP. About $10 billion of this debt has to be repaid in the fourth quarter of this year, including a $7 billion payment on Dec. 21 ...

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  2. BP faces heavy hit from former prized asset RosneftRead the original story w/Photo

    8 hrs ago | The Globe and Mail

    ... stake in government-controlled Rosneft in March, 2013, in a $25-billion deal that saw BP fold its half of TNK-BP, then-Russia's third largest oil company, into Rosneft in exchange for cash, Rosneft stock and a seat for BP chief executive Bob Dudley ...

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  3. Russia's Putin says Rosneft CEO Sechin is an "effective" managerRead the original story

    15 hrs ago | Reuters

    ... role in the Ukraine crisis. Rosneft became the world's top listed oil company by output after buying its peer TNK-BP for $55 billion, partly using loans and other financial tools. Rosneft's market capitalisation now stands at around $30 billion, ...

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  4. Rouble ructions raise fears over BP's Rosneft dividend as oil prices continue to tumbleRead the original story w/Photo

    Wednesday | Daily Mail

    ... Monday. It borrowed $40billion (A 25.5billion) from a group of banks last year to fund its purchase of former rival TNK-BP. But the crash in oil price - with Brent crude standing at around $60 a barrel - and the impact of sanctions, has left the ...

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  5. Running From the RubleRead the original story w/Photo

    Wednesday | Project Syndicate

    ... international banks. The best example is Rosneft, which borrowed about $40 billion in 2013 to buy its competitor, TNK-BP . About $10 billion of this debt has to be repaid in the fourth quarter of 2014, including a $7 billion payment on December 21 ...

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  6. RLPC-Rosneft expected to make $7.6 bln loan repayment-bankersRead the original story

    Wednesday | Reuters

    ... a larger $12.7 billion, two-year bridge loan signed in December 2012 that backed Rosneft's acquisition of oil company TNK-BP. The loan providers are confident the repayment will happen, despite Russia facing a financial crisis prompted by Western ...

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  7. Russia's Richest Lose $10B in Two Days as Ruble CollapsesRead the original story w/Photo

    Wednesday | News Max

    ... held the position for 17 days in late 2012, after he and four billionaire partners agreed to sell their half of the TNK-BP oil venture to state-controlled OAO Rosneft for $28 billion. Vekselberg, 57, a former Soviet engineer who made his first ...

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  8. U.S. Says Russia Sanctions Vindicated As Ruble TumblesRead the original story w/Photo

    Tuesday | Weekday Magazine

    ... credit from Western banks. The Russian oil giant is in need of cash to meet debt payments after purchasing rival TNK-BP for $55 billion in 2013. In a December 16 tweet , Putin's former finance minister, Aleksei Kudrin, described a $10.8 billion in ...

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  9. Putin's cronies lose $50 billionRead the original story

    Tuesday Dec 16 | 12NewsNow.Com

    ... wealth has fallen by $4.9 billion, or about 40% so far this year. He made his fortune on the sale of joint venture TNK-BP to Rosneft. Together with his partner German Khan, Fridman controls Alfa Bank, Russia's largest private lender. The former ...

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  10. DONG Energy Appoints CEO for E&PRead the original story w/Photo

    Tuesday Dec 16 | Marine News

    ... BP Russia Offshore 2005-2008: Vice President, BP Sakhalin 1998-2005: Commercial and technical positions, BP & TNK-BP 1988-1998: Technical and commercial positions, Amoco 1988: Ph.D. in Geological Sciences, Michigan State University 1984: B.Sc. in ...

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  11. CHC Group Adds William G. Schrader to Board of DirectorsRead the original story

    Monday Dec 15 | Business Wire

    ... audit committee and health, safety and environment committee. Mr. Schrader, 56, is former chief operating officer of TNK-BP, an oil-and-gas company operating in Russia, Ukraine and Belarus. At TNK-BP he oversaw the upstream and downstream gas and ...

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  12. DONG Energy appoints new CEO for E&PRead the original story w/Photo

    Sunday Dec 14 | GlobeNewswire

    ... BP Russia Offshore a 2005-2008: Vice President, BP Sakhalin a 1998-2005: Commercial and technical positions, BP & TNK-BP a 1988-1998: Technical and commercial positions, Amoco a 1988: Ph.D. in Geological Sciences, Michigan State University a 1984: ...

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  13. Russian stock market daily morning reportRead the original story

    Friday Dec 12 | Stock Market Review

    ... lead to growth of the debt load of Rosneft: Rosneft is to settle 6.9 bn USD for a bridge-credit, attracted for buying TNK-BP on December 21 and 7.3 bn USD for another bridge-credit are to be paid on February 13, 2015. RusHydro built up the volume of ...

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  14. Obneftegazgeologia/Alfa-Bank signed agreement.Read the original story

    Thursday Dec 11 | AK&M

    ... expires in Dec. 2018. Obneftegazgeologia is a sub of Slavneft. Slavneft (TIN 7707017509) is working under control of TNK-BP and Gazprom neft as Gazprom sub. From 2006 the holders have shared the crude at par; Slavneft providing production operator ...

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  15. Russia's Rosneft sets coupon for issue of rouble bondsRead the original story

    Thursday Dec 11 | Reuters

    ... The company needs cash to service its debt, mostly incurred during the acquisition of Anglo-Russian oil producer TNK-BP last year for $55 billion. More than 80 percent of that debt is denominated in foreign currencies, and service payments have ...

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  16. Few oligarchs can beat Russia's weakening economyRead the original story w/Photo

    Thursday Dec 11 | The Globe and Mail

    ... Russia's second richest man, Mikhail Fridman, and his partner German Khan wanted to keep their stake in oil producer TNK-BP but sold it to state-controlled producer Rosneft, led by Putin ally Igor Sechin, when commodities prices were at a peak. ...

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  17. Russia's Rosneft to raise 800 bln rbls in domestic rouble bonds -RIARead the original story

    Tuesday Dec 9 | Reuters

    ... IA Novosti news agency said on Wednesday quoting company statements. Last year, Rosneft closed a deal to buy its peer TNK-BP for $55 billion, using capital markets to finance the deal, along with other tools.

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  18. Rosneft Shrugs Off Oil-Price Slide, Azerbaijani Dissident Ailing in PrisonRead the original story w/Photo

    Friday Nov 28 | Transitions Online

    ... finances, reporting that Rosneft is deep in debt and now now worth less than what it paid last year to buy competitor TNK-BP. Rosneft spent $55 billion on the March 2013 deal with an eye to boosting the expanded company's worth to $120 billion. ...

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  19. Russia's Oil Giant Battles Debt After $55 Billion Deal SoursRead the original story

    Friday Nov 28 | The Washington Post

    Igor Sechin spent $55 billion in 2013 to buy competitor TNK-BP and create a Russian oil colossus, pumping about 5 percent of the world's crude. Almost two years later and investors have written off the deal.

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  20. Supermajors Lose To National Oil Companies In Energy Intelligence Ranking Of Top Oil FirmsRead the original story

    Sunday Nov 23 | Oil and Gas Online

    ... from the spot it has held for the past seven years Rosneft has surged into the Top 10 through it's acquisition of TNK-BP, tying with Gazprom, cementing Russian NOC prominence, moving Chevron down and pushing Total out of the Top 10 "Size matters. ...

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