Russian bailiffs raid BP's Moscow offices

By Phaedra Friend Troy

According to a report from Reuters, Russian bailiffs raided the Moscow offices of BP (NYSE:BP) on Wednesday, and most of the staff was told to stay home. 

Reuters confirmed with bailiffs that the trading unit of BP was raided, but a reason for the raid was not obtained. 

The raid came one day after Rosneft signed a major Arctic exploration agreement with super-major ExxonMobil, which included oil and gas efforts in the Kara Sea and Black Sea, as well as tight oil exploration in Western Siberia. 

BP had originally inked an Arctic exploration deal with Rosneft, but the agreement fell through.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs