market volatility is "giving market returns not seen since 2010." Other shipping firms also rallied today: DRYS +6.4% . EGLE +6.9% . GNK +13.2% . TNK +4.7% . DHT +2.8% . PR , presentation , CC transcript Post your comment!
in assets by the end of 2015. Shareholders will benefit because the proceeds will be used to buy back more shares. BP made $12B from the sale of its share in TNK -BP, after selling it to Rosneft for $27.5B. $8B was Complete Story »
* Templeton group owns more than $1 bln Russian stocks (Adds Mobius comments)
Teekay Tankers ( TNK ): Q3 EPS of -$0.05. Revenue of $39.47M misses by $0.15M . ( PR ) Post your comment!
MOSCOW, Nov 6 (Reuters) - Russian state oil company Rosneft said on Wednesday it could delist shares in TNK -BP Holding, which it acquired last year, if its offer to buy out minority shareholders falls through.
in 2013; rising demand has cut a capacity surplus to the smallest since June 4, according to a Bloomberg survey. FRO +9.4% , SFL +0.8% , NAT +3% , TK +1.3% , TNK +0.1% , TOO +0.1% , TGP -0.1% . Post your comment!
By Ryan Yates : Catalyst The West Texas Intermediate ("WTI")-Brent crude oil spread has narrowed very quickly lately, and the two are now close to parity. As recently as late 2010, WTI used to trade very tightly with Brent, and indeed WTI used to be generally a little more expensive than Brent due
LONDON/MOSCOW, June 10 (Reuters) - A vehicle to reinvest nearly $14 billion earned by two Russian billionaires from their stake in TNK -BP will be headed by Jonathan Muir, who as the oil venture's...
compliance spending. Finally, BP outlined its reasons for investing $1 billion in Rosneft's IPO. This share purchase increases BP's rapport with Rosneft, paving the way for additional energy partnerships between Rosneft and TNK -BP.
generating operating cash flow of $30 billion to $31 billion in 2014 if oil is $100 per barrel (2011: $22.5 billion including TNK -BP). This is largely to be driven by the start-up of multiple new projects as well as rebounding volumes from legacy fields