
first quarter a year prior. Excluding its Russian joint venture TNK -BP, BP is giving guidance (pdf) that production for 2012 will be essentially flat compared with production in 2011. The TNK -BP venture is producing modest returns (pdf), with net income
* Company was rebuked by govt for generous dividend policy
* Company was rebuked by govt for generous dividend policy
MOSCOW, May 21 (Reuters) - Russia's third-largest crude producer TNK -BP, half-owned by BP, said on Monday it postponed a decision on dividend pay out for the first quarter of 2012 due to a lack of board quorum.
Teekay Tankers ( TNK ): Q1 EPS of $0.04 misses by $0.01 . Revenue of $31.9M (+0.6% Y /Y) misses by $0.4M . Shares +0.7% premarket. ( PR ) Post your comment!
MOSCOW, May 10 (Reuters) - TNK -BP International, the main unit of Russia's No.3 crude producer, TNK -BP, reported net first quarter net profit declined to $2.18 billion from $2.62 billion a year earlier due to rising output at new fields with lower margins.
profits, largely due to oil production falling to 1.25 million barrels per day from 1.4 million b/d a year ago (excluding TNK -BP, whose production was flat). But new projects coming online during 2012-13 in Angola and the North Sea as well as a
Moscow decides to bring charges against TNK -BP over damages caused by oil spills in Siberia. Russian officials say BP's Russian oil venture had 784 accidents in its Siberian pipeline last year, while oil peers had experienced only 20-30 per year. Post your comment!
MOSCOW, April 19 (Reuters) - Senior Russian officials threatened on Thursday to claim damages from Anglo-Russian oil producer TNK -BP for spills in Siberia and raised questions about the company's generous dividend policy.
* Stocks recover from lowest levels since Jan * Severstal, X5 outperform on strong results * TNK -BP shares fall on lawsuit concerns * Rouble steady, underpinned by tight liquidity (Adds quotes, detail, updates prices