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THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group.

Serial entrepreneur, domainer and now developer, Michael Bahlitzanakis just sent me a scoop about the launch of his new corporate website and re-branding which was released “literally seconds ago”. Formerly known as BP Holdings Group, Mike’s company is now operating as BPHG Media and can be found at www.bphg.com. According to Bahlitzanakis they have a very aggressive strategy with many future projects on the slate. “When it comes to developing real individual businesses, we’re pretty serious about it. So serious, we’ve been in development for about 2 years now. Our current scheduled site pipeline starting this month, will unveil a new site each month.” Bahlitzanakis and BPHG join the ranks of other domainers rebranding as developer/media companies such as Kevin Ham with Reinvent.com and Sahar Sarid with Recall Media Group. Bahlitzanakis recently teamed up with Michael Mann and WashingtongVC.com for the launch of SEO.com. A release of their newest project, Weblog.com, is slated for this summer.

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We are working with state and federal agencies to identify and support emergency and early projects to restore natural resources in the Gulf of Mexico

We knew there was something fishy going on, but couldn’t figure out what it might be. Why did BP and the EPA keep on using Nalco’s Corexit, which is highly toxic to both humans and wildlife? Turns out that Rodney F. Chase, who sits on the board of Nalco, was also a BP board member. Likelihood that he still holds shares in both companies is very high. So it wasn’t JUST nepotism, it was a for-profit choice.
But it runs deeper than that. Corexit’s manufacturer, Nalco Holding Company is owned by the Blackstone Group (along with MANY other holdings, a huge investment conglomerate.) Blackstone has had Japanese investors for many years, but relatively recently doubled that investment; The Japanese now own 20% of Blackstone. What else does Blackstone own? Large hotel chains, Banquet foods, Seaworld, Six Flags… you name it! Most captive dolphins are in amusement parks like Seaworld, Six Flags, etc. Seaworld claims they have no connection to the dolphin slaughters in Japan (which were documented in the Oscar-award-winning movie “The Cove“). That’s simply not true.
With all of the deceptions, all of the many layers of big-money connections, there’s only one thing certain: If BP is saying something, WE MUST QUESTION the validity. If they tell a small truth, it’s to cover up the big picture, a bigger liability.
We’ll give you more about this as we have the time, but for now, know that BP and Corexit are financially intertwined, as are t...

BP has launched a new national TV advertising campaign featuring Fred Lemond, an onshore site manager in BP's North America Gas business.
Like BP's previous spots featuring Iris Cross and Mike Utsler, this new commercial highlights one of our employees who helped lead spill response efforts in the Gulf.
In the new ad, Lemond reminds viewers that BP is continuing to keep our commitment to the region. He also points out that BP has made a commitment to America in general. In the new commercial, Lemond explains that BP's US-based business activity supports nearly a quarter-million American jobs. He also spotlights the fact that we invest more in the United States than in any other country, and that over the last five years, no other energy company has invested more here than BP.

Projects to challenge you. People to inspire you. Training to develop you. As one of the most successful energy companies in the world, with operations in over 70 countries, BP offers everything you need for a rewarding career. Join us, and you’ll be making a visible difference to global energy supplies, now and in the future.
A career at the forefront of innovation
Our extraordinarily complex business depends upon continuous innovation and our ability to leverage science and technology. This means you can expect to work on some of the most technically, commercially and financially challenging projects within the energy sector – or any other sector for that matter.

In our upstream business alone, we have 10 flagship technology programmes, each of which is re-defining the industry in its own way. Take our world-leading biofuels business, for instance, which converts sustainable feedstock to energy. Or there’s our Field of the Future programme® which uses digital, sensing and control technologies to enhance real-time operating efficiency and recovery.
But above all, safety is our primary focus. Nowhere is our commitment to innovation more evident than in the way we constantly strive to improve our safety levels, for our people and the planet. We use the latest technology to assess and manage risk. For example, our new wireless probes provide state-of-the-art corrosion monitoring and management in all our refineries.
A culture of coll...

Tesoro Corp.’s buyout of BP plc’s refinery in California, once finalized, will make the San Antonio petroleum company the biggest refiner in the state and also significantly expand its retail holdings.
Tesoro announced Monday its plans to acquire BP’s 266,000-barrel-per-day refinery in Carson, Calif. However, the purchase also includes a retail network of about 800 dealer-operated gas stations in Southern California, Nevada and Arizona as well as the ARCO and ampm convenience store brands.
These independently owned and operated stores currently buy an average of 245,000 gallons per month wholesale from the BP refinery.
This agreement with London-based BP is expected to bolster Tesoro’s existing retail network, which currently consists of more than 1,375 branded stations — including nearly 590 company owned gas stations that operate under the Tesoro, USA Gasoline and Shell brands.
The Carson refinery is located south of Los Angeles. Tesoro intends to integrate that refinery with its existing 97,000-barrel-per-day refinery in Wilmington, Calif. Tesoro also owns a 166,000-barrel-per-day refinery in Martinez, Calif.
The purchase also includes three marine terminals; four land storage terminals; four product marketing terminals; and more than 100 miles of pipelines. Tesoro will have pipeline access to Los Angeles International Airport.
The total deal is valued at $2.5 billion.
San Antonio-based Tesoro (NYSE: TSO) operates seven r...

HYDERABAD: The CBI court on Friday postponed the bail petition of IAS officer BP Acharya, an accused in the Emaar scam case, to Monday for further hearing. Arguing for Acharya, his counsel V Surendar Rao said, since the key accused in the case, Koneru Rajendra Prasad, had already been granted bail by the AP high court, his client should also be given bail. "The question of tampering with the evidence does not arise as the CBI had filed the chargesheet in the case six months ago," Acharya's counsel told court.
Srinivas Reddy seeks bail
BV Srinivas Reddy, an accused in the Obulapuram Mining Company (OMC) case, filed his fourth bail plea in the CBI court on Friday. The CBI has been opposing his bail plea on the ground that Gali Janardhan Reddy's personal assistant Ali Khan's examination was not yet over. But since Khan is now in CBI custody and the chargesheet in OMC case has already been filed, Reddy wanted court togrant him bail.
SC puts off hearing in Vakapalli gangrape case
The Supreme Court on Friday suspended for six weeks the order of AP high court directing the Paderu trial court to begin proceedings against the accused cops in the Vakapalli tribal women gangrape case. The SC made this interim order while hearing a plea filed by the accused cops who felt aggrieved by the HC order. The SC issued notices to the authorities and the complainants before admitting the plea and directed that responses be filed.

NEW YORK (MarketWatch) — Tesoro Corp. rallied Monday after the refining firm said its $1.2 billion acquisition of BP PLC’s refining and marketing operations in southern California will boost its earnings per share by 24% in its first two years, but the broad energy sector fell with losses by WPX Energy and First Solar.
Tesoro Corp. TSO jumped 9.5% to $38.87 a share at the closing bell as the top gainer among components of the S&P 500 SPX on the heels of the San Antonio energy company’s plan to buy up BP PLC’s BP refining assets centered near Los Angeles.
The deal is valued at about $2.48 billion including about $1.3 billion in inventory.
Tesoro Corp. will purchase BP’s 266,000-barrel-per-day Carson refinery south of Los Angeles, as well as 800 dealer-operated gas stations, ownership of the Arco brand, pipelines, and an integrated anode coke calcining operation.
Tesoro said the deal will add to its earnings per share by about 24% in the first two years after it closes as expected in the middle of 2013.
“Given Tesoro’s existing operations on the West Coast and our understanding of the complexities and challenges of operating in California, we are well positioned to generate significant operational efficiencies, increase our ability to satisfy market demand and reduce stationary source air emissions,” Tesoro said.
The Tesoro deal comes as a refinery fire by Chevron Corp. CVX in the San Francisco Bay area has drive...