- published: 22 Oct 2012
- views: 341
1:43
Rosneft Buys TNK Unit from BP
Rosneft, Russia's state-controlled energy firm, is one step closer to becoming the world's...
published: 22 Oct 2012
Rosneft Buys TNK Unit from BP
Rosneft, Russia's state-controlled energy firm, is one step closer to becoming the world's biggest oil company after reaching a $55bn deal with BP and a group of investors.
This means that BP and a consortium of Russian investors known as AAR, will each sell their 50 % share in a joint venture known as TNK-BP to Rosneft in return for cash and shares. The UK firm will get $17.1bn (£10.7bn) cash and a 12.84% stake in Rosneft, enabling BP to continue to share in Russia's vast energy resources. BP has agreed to eventually use some of the cash to buy further Rosneft shares, taking its stake to 19.75%.
This deal has the blessing of the Russian President Vladimir Putin, who said state-controlled Rosneft had made a good deal at a good price: "This is a good, large deal that is necessary, not only for the Russian energy sector but also the entire economy."
The $55bn value makes it the second largest transaction in oil industry history - behind the $80bn takeover of Mobil by Exxon in 1999 - and the biggest ever by a Russian company. Once the transaction closes, Rosneft will control around 40 % of Russia's crude output and match the annual production of Exxon Mobil.
Written and Presented by Ann Salter
- published: 22 Oct 2012
- views: 341
3:51
Breakingviews: Rosneft offer is positive
Oct. 18 - Rosneft's offer for the oligarchs' 50% of TNK-BP and some of BP's 50% could be a...
published: 18 Oct 2012
Breakingviews: Rosneft offer is positive
Oct. 18 - Rosneft's offer for the oligarchs' 50% of TNK-BP and some of BP's 50% could be a good deal for all involved, say Breakingviews.
- published: 18 Oct 2012
- views: 76
1:23
BP buys into Rosneft to stay in Russian game
http://www.euronews.com/ BP is heading towards a fresh start in Russia after the announcem...
published: 22 Oct 2012
BP buys into Rosneft to stay in Russian game
http://www.euronews.com/ BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant Rosneft.
It is a cash-and-share two-part deal worth in total some 42 billion euros, as in return BP also gets 19% of Rosneft, making it the second-largest shareholder after the Kremlin, and giving it a seat on the board.
It promises to be a unique partnership, as analysts say BP will have little say in how Rosneft is run, which will primarily be in the interests of the Russian government and people. The new Rosneft will dominate the world market, but size is not everything.
"Whether or not the creeping influence of the Russian state over these incredibly important sectors to the Russia economy is a good thing for investors remains to be seen. I rather suspect it isn't necessarily a good thing. Things may turn sour, particularly if oil prices start to fall," said Capital Economics' Neil Sheering.
The Kremlin now exerts a much tighter hold on the economy than when companies like BP moved in in the 1990s, and Boris Yeltsin was desperate for foreign investment.
While the deal does rid BP of a difficult business partner, AAR, there is no guarantee it has not swapped them for someone worse.
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- published: 22 Oct 2012
- views: 295
1:13
Rosneft kauft die Hälfte von TNK-BP
http://de.euronews.com/ Der Krimi um den Verkauf des russischen Öl-Joint-Ventures TNK-BP i...
published: 17 Oct 2012
Rosneft kauft die Hälfte von TNK-BP
http://de.euronews.com/ Der Krimi um den Verkauf des russischen Öl-Joint-Ventures TNK-BP ist beendet: Während BP seinen 50-prozentigen Anteil wenigstens vorerst behält, hat der Eigentümer der anderen Hälfte, das russische Oligarchen-Konsortium AAR, sich mit einem Verkauf seiner Anteile an den russischen Konzern Rosneft für umgerechnet rund 21 Milliarden Euro einverstanden erklärt. Zunächst hatte das Konsortium selbst den Kauf der BP-Hälfte erwogen.
Rosneft ist der größte russische Ölkonzern, mit einem Fördervolumen von 2,6 Millionen Barrel pro Tag. An zweiter Stelle folgt Lukoil, und TNK-BP reiht sich mit einem Fördervolumen von 1,9 Millionen Barrel pro Tag an der dritten Stelle ein.
Möglich ist, dass nun auch BP seinen 50-Prozent-Anteil an TNK-BP an Rosneft verkauft. Zwischen den Partnern des Joint-Ventures, den Briten und dem Oligarchen-Konsortium, herrschte seit längerem dicke Luft. In dem Streit geht es um vermutlich äußerst lukrative und noch unerschlossene Fördergebiete in der Arktis. BP wollte gemeinsam mit Rosneft an der Erschließung der Quellen arbeiten. Das Konsortium allerdings bestand darauf, dass nicht der britische Konzern, sondern TNK-BP gemeinsam mit Rosneft Öl fördern sollte. Die Oligarchen argumentierten, dass die Partnerschaft zwischen BP und Rosneft für TNK-BP nachteilig wäre.
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- published: 17 Oct 2012
- views: 80
3:42
Breakingviews: Rosneft's Russian roulette
Oct. 24 - Oil is vital to the Russian economy and Rosneft is taking a gamble that it won't...
published: 24 Oct 2012
Breakingviews: Rosneft's Russian roulette
Oct. 24 - Oil is vital to the Russian economy and Rosneft is taking a gamble that it won't stifle competition and its own effectiveness by taking over TNK-BP's oil fields, say Breakingviews.
- published: 24 Oct 2012
- views: 136
3:32
BP und Rosneft: Milliardendeal perfekt
Erst kürzlich wurde überhaupt bekannt, dass BP und die russische Rosneft überhaupt in Gesp...
published: 22 Oct 2012
BP und Rosneft: Milliardendeal perfekt
Erst kürzlich wurde überhaupt bekannt, dass BP und die russische Rosneft überhaupt in Gesprächen sind. Heute wird bereits Vollzug gemeldet: Für insgesamt gut 25 Milliarden US-Dollar übernimmt Rosneft den Ölförderer TNK-BP. Kommt es jetzt zu größeren Umwälzungen in der Branche? Was sind die Folgen dieser Übernahme? Ralf Wiedmann, Vermögensverwaltung AdVertum, bei Börse Stuttgart TV.
- published: 22 Oct 2012
- views: 84
1:24
Exxon, Rosneft To Cement Historic Energy Deal
On Monday, Exxon Mobil Corp and Rosneft launched a partnership allowing Exxon an access to...
published: 16 Apr 2012
Exxon, Rosneft To Cement Historic Energy Deal
On Monday, Exxon Mobil Corp and Rosneft launched a partnership allowing Exxon an access to Russia's arctic reserves and giving Rosneft an access to the North American projects. The companies said in a statement that the agreements form joint ventures to manage an exploration program in the Kara Sea and Black Sea, the initial cost for which is estimated over $3.2 billion.
The deal comes as an indication from Moscow that the country will change its offshore resource extraction tax regime. This will lower the tax rate to a feasible level for foreign players like Exxon.
Through these projects, the Russian company will gain technology that will help them better develop reserves in Western Siberia. As oil production from Western Siberia slows, Russia will need to tap into its rich reserves in the Arctic, estimated to be as much as 36 billion barrels of oil, according to , Reuters said.
While experts caution that it may be years before oil is extracted in big quantities, some hail this as a major step forward for Russia, Rosneft and Exxon.
- published: 16 Apr 2012
- views: 639
1:12
Rosneft, la mayor petrolera rusa, obtiene acceso al golfo de México
El acuerdo fue firmado por Sechin y el vicepresidente de Exxon, Stephen Greenlee, en la se...
published: 07 Mar 2013
Rosneft, la mayor petrolera rusa, obtiene acceso al golfo de México
El acuerdo fue firmado por Sechin y el vicepresidente de Exxon, Stephen Greenlee, en la sede de la compañía estadounidense en el estado de Texas. El monto de la transacción no superaría los 100 millones de dólares, según estiman algunos expertos.
Se trata de la participación de Rosneft en los proyectos en 20 bloques de aguas profundas con una superficie total de unos 450 kilómetros cuadrados. Actualmente, en el territorio no se realizan todavía extracciones, sino que aún se están llevando a cabo los análisis de actividad sísmica.
Algunos analistas creen que Rosneft obtuvo acciones en los yacimientos en el golfo de México a cambio de una participación de Exxon en los proyectos prospectivos en el Ártico.
- published: 07 Mar 2013
- views: 9
3:20
ROSNEFT IPO / Max Bollinger English Voiceover
Max Bollinger presents Rosneft to international investors at the London Stock Exchange dur...
published: 25 Jul 2010
ROSNEFT IPO / Max Bollinger English Voiceover
Max Bollinger presents Rosneft to international investors at the London Stock Exchange during historic IPO of the company in 2006. Rosneft shares started selling on the London Stock Exchange and on the Russian venues of RTS and MICEX. In the landmark USD 10.7 bln. IPO, a total of 1,411 mln. shares were placed — the largest IPO completed to date in Russia and the fifth largest ever worldwide. Rosneft's market capitalization at the IPO was USD 79.8 bln., the second largest for any Russian company. Interactive Media info@maxbollinger.co.uk http://interactive.eu.com/mbvo/
- published: 25 Jul 2010
- views: 745
1:34
Rosneft bids for BP's stake in TNK-BP
The race to buy BP's stake in equal UK and Russian joint venture TNK-BP has sped up - afte...
published: 24 Jul 2012
Rosneft bids for BP's stake in TNK-BP
The race to buy BP's stake in equal UK and Russian joint venture TNK-BP has sped up - after Russian state-owned oil company Rosneft revealed it is its interest in potentially acquiring BP's stake at the embattled company.
In a statement, Rosneft, chaired by one of President Vladimir Putin's closest confidants Igor Sechin, said that it has informed BP of the group's interest in a potential acquisition of BP's 50% stake.
"As a result, the parties agreed to commence negotiations on this matter and signed a non-disclosure agreement" -- said the group.
At the beginning of June, BP revealed that it was considering selling its stake in TNK-BP, after being approached by a number of "unsolicited approaches".
Since then, there has been wide speculation as to who would buy the lucrative 50 percent BP stake.
Consensus highlighted Russian state-owned energy companies, such as Gazprom-Neft and Rosneft as the key potential bidders, however the head of Russian energy giant Gazprom's oil arm, OAO Gazprom Neft, denied reports that the group is looking to buy BP's stake.
Analysts tell IBTimes UK that they wouldn't be surprised if Rosneft spurred on BP to sell its stake in the first place.
I'm Lianna Brinded. For more Business and Economy news for THIS full story check out our website: ibtimes.co.uk
Written and Presented by Lianna Brinded.
- published: 24 Jul 2012
- views: 240
2:34
Was the Rosneft Deal good for Exxon?
France 24 Business talks to energy industry analyst Chris Nelder about the Exxon-Rosneft d...
published: 31 Aug 2011
Was the Rosneft Deal good for Exxon?
France 24 Business talks to energy industry analyst Chris Nelder about the Exxon-Rosneft deal to explore for oil in the Russian Arctic
- published: 31 Aug 2011
- views: 654
4:25
Breakingviews: BP-Rosneft deal maintains cashflow
Oct. 22 - Rosneft & BP prepare to announce a deal worth over $25bln. It's a good move for ...
published: 22 Oct 2012
Breakingviews: BP-Rosneft deal maintains cashflow
Oct. 22 - Rosneft & BP prepare to announce a deal worth over $25bln. It's a good move for BP, allowing it access to Russian cashflow, says Reuters Breakingviews.
- published: 22 Oct 2012
- views: 121
1:48
BP Selling Russian Assets to Rosneft
BP has agreed to sell half its stake in TNK-BP to Rosneft. The AAR consortium of oligarchs...
published: 22 Oct 2012
BP Selling Russian Assets to Rosneft
BP has agreed to sell half its stake in TNK-BP to Rosneft. The AAR consortium of oligarchs is also set to sell its remaining stake to Rosneft.
- published: 22 Oct 2012
- views: 130
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0:41
Putin meets heads of Rosneft and BP
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published: 20 Sep 2012
Putin meets heads of Rosneft and BP
== BoozWheez - Updates the World ==
Please subscribe for regular updates .....
President Putin meets with the heads of oil companies Rosneft and BP to discuss the broadening of the British oil major's role on the Russian market.
President Vladimir Putin held a meeting with Rosneft CEO Igor Sechin and the chairman and CEO of British oil major BP, Carl-Henric Svanberg and Robert Dudley.
The discussions took place on Tuesday in Sochi and focused on BP's continued and broadening presence on the Russian market, and cooperation with Russian partners on the country's territory.
- published: 20 Sep 2012
- views: 247
2:48
What Is at Stake in the TNK-BP and Rosneft Deal
BP is close to a deal to sell its 50% stake in troubled Russian venture TNK-BP Ltd. to sta...
published: 18 Oct 2012
What Is at Stake in the TNK-BP and Rosneft Deal
BP is close to a deal to sell its 50% stake in troubled Russian venture TNK-BP Ltd. to state oil company OAO Rosneft. WSJ's Dana Cimilluca explains what is at stake for each company and why the deals have been so problematic.
- published: 18 Oct 2012
- views: 438
2:20
La posible venta de acciones de BP a Rosneft creará un nuevo gigante petrolero
La empresa BP puede vender a la rusa Rosneft su participación conjunta
en otra empresa rus...
published: 20 Oct 2012
La posible venta de acciones de BP a Rosneft creará un nuevo gigante petrolero
La empresa BP puede vender a la rusa Rosneft su participación conjunta
en otra empresa rusa, TNK, según datos difundidos por medios
especializados. De esta manera, en el mercado petrolero mundial podría
aparecer un nuevo líder que superaría en volumen a grandes compañías
como Exxon Mobil.
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- published: 20 Oct 2012
- views: 1734