Stay Connected

Rosneft, BP ink global alliance, Arctic deal

01/24/2011
Alan PetzetChief Editor-ExplorationRosneft and BP PLC have agreed to form a strategic global alliance that includes a stock swap, an Arctic offshore exploration joint venture and research effort, and a refining partnership.Rosneft and BP called the agreement "historic" because it creates the first major equity-linked partnership between a national and international oil company.When it has been completed, Rosneft will hold 5% of BP's ordinary voting shares in exchange for 9.5% of Rosneft's shares. BP already has a 1.3% shareholding in Rosneft, and as a result of the latest transaction, BP's stake in Rosneft will increase to 10.8%The aggregate value of the shares in BP to be issue...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.