LONDON, June 2 (Reuters) – UK-based Cairn Energy (CNE.L: Quote, Profile, Research, Stock Buzz)
has filed a legal action in the Netherlands, seeking fines of
up to 2 million euros a day ($2.9 million) if Greenpeace
protesters again disrupt the explorer’s drilling plans offshore
Greenland.

A Cairn spokesman said on Thursday the action was intended
as a deterrent after Greenpeace ended a four-day protest which
involved protesters hanging suspended from a drilling rig in a
plastic pod.

LONDON (Reuters) – Top Libyan oil official Shokri Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain ties with big oil companies, sources at western firms said.

A Libyan opposition source and a source at a major international oil company said Ghanem, one of the most senior figures in Gaddafi’s government, had invited representatives of oil companies to meet him last week in Tunisia, to discuss oil contracts.

LONDON (Reuters) – Top Libyan oil official Shokri Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain ties with big oil companies, sources at western firms said.

A Libyan opposition source and a source at a major international oil company said Ghanem, one of the most senior figures in Gaddafi’s government, had invited representatives of oil companies to meet him last week in Tunisia, to discuss oil contracts.

LONDON (Reuters) – Top Libyan oil official Shokri Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain ties with big oil companies, sources at western firms said.

A Libyan opposition source and a source at a major international oil company said Ghanem, one of the most senior figures in Gaddafi’s government, had invited representatives of oil companies to meet him last week in Tunisia, to discuss oil contracts.

LONDON (Reuters) – BP (BP.L: Quote, Profile, Research) struck a key victory in its battle to share the cost of the Gulf of Mexico oil spill when partner Mitsui & Co agreed on Friday to pay $1.1 billion toward the clean-up bill and possibly billions more in fines.

Japanese trading house Mitsui’s (8031.T: Quote, Profile, Research) exploration unit MOEX owned 10 percent of the Macondo well but had sought to avoid paying its share of the costs, claiming BP’s negligence exempted it from this obligation.

LONDON (Reuters) – MOEX, a unit of Japanese trading house Mitsui & Co, and partner in BP Plc’s doomed Macondo well has agreed to pay the UK oil major $1.1 billion (678 million pounds) towards the cost of the Gulf of Mexico oil spill.

MOEX had a 10 percent stake in the well and was liable for a commensurate portion of the costs, which BP estimated at $41 billion, including fines.

LONDON, May 20 (Reuters) – MOEX, a unit of Japanese trading
house Mitsui & Co (8031.T: Quote, Profile, Research), and partner in BP Plc’s (BP.L: Quote, Profile, Research)
doomed Macondo well has agreed to pay the UK oil major $1.1
billion toward the cost of the Gulf of Mexico oil spill.

MOEX had a 10 percent stake in the well and was liable for a
commensurate portion of the costs, which BP estimated at $41
billion, including fines.

LONDON, May 20 (Reuters) – MOEX, a unit of Japanese trading
house Mitsui & Co (8031.T: Quote, Profile, Research), and partner in BP Plc’s (BP.L: Quote, Profile, Research)
doomed Macondo well has agreed to pay the UK oil major $1.1
billion toward the cost of the Gulf of Mexico oil spill.

MOEX had a 10 percent stake in the well and was liable for a
commensurate portion of the costs, which BP estimated at $41
billion, including fines.

LONDON/MOSCOW (Reuters) – BP (BP.L: Quote, Profile, Research, Stock Buzz) and Rosneft’s (ROSN.MM: Quote, Profile, Research, Stock Buzz) planned $16 billion share swap and an Arctic exploration venture collapsed on Tuesday, following opposition from BP’s partners in Russian venture, TNK-BP (TNBP.MM: Quote, Profile, Research, Stock Buzz).

The planned deal and an attempt by British group BP and Russian state-controlled Rosneft to buy out the billionaires who own half of TNK-BP, would have represented a major strategic shift for all the companies involved, if successful.

LONDON/MOSCOW, May 17 (Reuters) – BP (BP.L: Quote, Profile, Research, Stock Buzz) and Rosneft’s
(ROSN.MM: Quote, Profile, Research, Stock Buzz) planned $16 billion share swap and an Arctic
exploration venture collapsed on Tuesday, following opposition
from BP’s partners in Russian venture, TNK-BP (TNBP.MM: Quote, Profile, Research, Stock Buzz).
[ID:nLDE74G0D9]

The planned deal and an attempt by British group BP and
Russian state-controlled Rosneft to buy out the billionaires who
own half of TNK-BP, would have represented a major strategic
shift for all the companies involved, if successful.