Peak Oil News

 

  Login or Register
 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forums Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Gear
 Members
 Your Account
 Members List
 Ignore List
 JOIN!
 Private Messages
 
Light Sweet Crude Oil
 
google
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Member Quotes
How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?

kpeavey

Suggest Quote

 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
ICM
Cisco & Net App Training
 
Now it's war at BP-TNK
Public Policy; Political and Legal NewsThe oil giant's dispute with its Russian partners has erupted into open hostilities with the stage set for a long battle in the international courts

Bob Dudley was at the end of his tether. The embattled chief executive of TNK-BP, BP’s Russian joint venture, could no longer do his job effectively. Suspicious that his office had been bugged and his landline tapped, the Mississippi-born oil man resorted to stepping out on the balcony to make phone calls. He began to have his office regularly swept for bugs.

Relations at the top of Russia’s third-largest oil-and-gas group had disintegrated into all-out civil war. The breakdown between its owners, BP and four Russian billionaires, was so severe that managing the day-to-day operations had become virtually impossible. So Dudley rang BP’s headquarters in London last Thursday to tell Tony Hayward, BP’s chief executive, that he was leaving Russia. Dudley said he could retain operational control of TNK-BP, but others are doubtful.


His departure was not a total surprise. Dudley had just five days before a temporary visa expired, but there had been hope that he would be able to get a new one. Instead, he booked a flight for that evening, destined for a location that BP has kept under wraps. Putting in motion an operation that had been weeks in planning, executives at TNK-BP immediately began pulling together a team that would be flown out to support Dudley. He will now attempt to run TNK-BP, a company with a workforce of more than 66,000, almost all Russians, from a secret location.

BP chairman Peter Sutherland told The Sunday Times: “He is not in a BP office or in our headquarters in London as has been suggested. I’m not going to say where he is but I don’t think he is under any physical threat.”

Dudley’s sudden departure, which BP waited to announce until he was airborne, was designed to shock its disgruntled partners at AAR, the consortium owned by Mikhail Fridman, Leonard Blavatnik, German Khan and Viktor Vekselberg that controls the other half of TNK-BP. BP was drawing a line in the sand. “Up to now we have played by the Queensberry rules and as a consequence we have been outfoxed,” said a BP insider. “That will no longer be the case.”

Times of London

Posted on Saturday, July 26 @ 18:25:41 PDT by Leanan
 
Related Links
· More about Public Policy; Political and Legal News
· News by Leanan


Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

 
Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

 
Options

 Printer Friendly Printer Friendly

 Send to a Friend Send to a Friend

 
"Login" | Login/Create an Account | 0 comments
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Atom News FeedRSS 1.0 News FeedRSS 2.0 News FeedRSS Forums Feed