Rosneft embraces new western partner after abortive BP deal

Posted on September 2, 2011 by Ruth Green

Here is my latest piece published in the IBA Global Insight newsfeed:

The news this week that ExxonMobil has signed a deal with Rosneft to explore oil and gas reserves in Russia’s Arctic shelf has ruffled more than a few feathers.

As IBA Global Insight reported earlier this year, after initial excitement, BP and Rosneft’s momentous US$16bn share swap deal quickly fell apart following a dispute with Russian investors in TNK-BP (BP’s existing Russian joint venture).

BP was eventually forced to pull out of the tie-up in May and the fiasco was an embarrassment for Russian President Vladimir Putin, who had previously endorsed the deal.

Published on 02-09-11. Read on here

New Russia

Posted on April 26, 2011 by Ruth Green

Here is my latest blog for Booktrust:

This is a historical week for Russia, since it marks the 50th anniversary of cosmonaut Yuri Gagarin’s pioneering journey as the first man to fly into outer space. It’s also the week where the London Book Fair has named Russia its market focus country. As a whole host of Russian writers and literary publishers flock to London, I thought it would be worthwhile drawing attention to what modern-day Russian literature has to offer.

Published on 26-04-11. Read on here

BP’s Russian roulette

Posted on April 4, 2011 by Ruth Green

Here is my latest article published in IBA Global Insight:

In January, BP and state-owned Russian energy company Rosneft shocked the world by signing a US$16bn share swap deal. The two companies intend to jointly exploit oil and gas reserves in Russia’s Arctic shelf and make Rosneft the largest single shareholder in BP. The deal, which will also see BP increase its holdings in the former assets of Yukos oil company, occurred only a matter of weeks after Yukos’ former CEO, Mikhail Khodorkovsky, was sentenced to a further six years in prison.

A stark reminder of BP’s recent past also came shortly after, when the company reported a loss of US$4.9bn – mainly due to US$40.9bn for charges relating to the Gulf of Mexico oil spill – making 2010 its first year of losses for 20 years. The tie-up therefore not only raises many questions about the viability of a British – Russian exploration operation, but also poses questions about the future of BP and the oil and gas industry as a whole.

Published on 04-04-11. Read on here

The Art of Reading in the 21st Century

Posted on March 15, 2011 by Ruth Green

Here is my latest blog for Booktrust:

The UK celebrated World Book Day last Thursday and it got me thinking about the nature of reading in modern times.

Although there’s no doubting the pleasure of reading a hard copy of a book, the internet has clearly revolutionised our access to foreign language books, both in the original language and in translation. Project Gutenberg and its vast collection of ebooks has long made it a valuable resource for people looking for texts in translation, original prose and even related literary criticism.

Published on 15-03-11. Read on here

Lands of Opportunity: Latin American exploration market

Posted on February 15, 2011 by Ruth Green

Here is my first article published in IBA Global Insight:

The drama surrounding the rescue of 33 miners in northern Chile has highlighted the great potential in the country’s mining industry as well as the Latin American exploration market.

Latin America has long been known as a mineral rich continent. Nevertheless, periods of economic, political and social instability have discouraged foreign companies from investment. On 13 October, 33 miners were rescued after being trapped for 66 days in the collapsed San José mine in northern Chile. The story captured worldwide attention and turned what could have been a major blow for the country and its mining industry into a global success story. Both the rescue and the euphoria it provoked are telling of the great potential and interest in both Chile and the Latin American market as a whole.

Published on 15-02-11. Read on here

Ruth Green

International Freelance Journalist

Category Archives: UK

Rosneft embraces new western partner after abortive BP deal

New Russia

BP’s Russian roulette

The Art of Reading in the 21st Century

Lands of Opportunity: Latin American exploration market