Shell rejects Total warning over Arctic oil search

Shell has rejected a plea from its French rival Total that the energy industry should abandon its search for oil in the Arctic on the grounds that a spill would ruin the reputation of any company involved.

BP plans to buy major stake in Russia's Rosneft

BP plans to acquire a major shareholding in Rosneft if it can sell its stake in troubled venture TNK-BP, but played down hopes it would secure a wider partnership with the Russian state-controlled oil giant.

BP may get second chance in Arctic through Rosneft tie-up with TNK-BP

BP could be handed a second shot at exploring for oil offshore in the Arctic with Russia's Rosneft, in a possible tie-up through its joint venture TNK-BP.