Latest Yukos Stories

NEW YORK, Aug. 19, 2012 /PRNewswire/ -- Energy price fluctuations and ruble devaluation along with political instability in Russia are likely to cause major changes in the Russian energy sector. Recent major conflicts in the industry, TNK-BP and Timan Oil and Gas, are the first indications of a reshuffle in the Russian energy sector, according to analysis by RUXX index that tracks Russian equities. BP has been looking for buyers for its stake in TNK-BP, the third-largest Russian oil...

STRASBOURG, France, September 20, 2011 /PRNewswire/ -- After seven years' careful consideration the European Court of Human Rights (ECtHR) today ruled that YUKOS Oil Company was denied a fair trial in contesting the tax liabilities imposed on it suddenly in 2004. It also ruled that the enforcement of those tax liabilities, penalties, fines and interest breached the company's Convention rights and dealt it a 'fatal blow'. Former chief financial officer, Bruce Misamore,...

LONDON, May 31, 2011 /PRNewswire/ -- In an interview published on 28th May in the Thai newspaper Khao Sod, the Deputy Prime Minister of Thailand, Suthep Thaugsuban, issued a series of strongly-worded statements against the London-based international lawyer Robert Amsterdam, who, acting on behalf of the Red Shirt pro-democracy movement, seeks justice for the killings of protesters during the government crackdown during April and May 2010. "I want Thai people to remember this name...

MOSCOW, May 17, 2011 /PRNewswire/ -- BP and Alfa- Access- Renova ("AAR") announced today that they would intensify their efforts to ensure TNK-BP's continued success following the lapse of the BP-Rosneft share swap transaction (and the related Arctic exploration opportunity) originally announced on 14 January 2011. In recent months, BP has conducted detailed negotiations with AAR and Rosneft to seek a reasonable and businesslike solution that would allow the agreements to proceed to the...

LONDON, May 6, 2011 /PRNewswire/ -- The arbitral panel has today issued a consent order permitting BP and the Alfa-Access-Renova (AAR) consortium to assign the Arctic opportunity to TNK-BP, subject to Rosneft consent. The order also permits the proposed share swap between BP and Rosneft to proceed subject to Rosneft having consented to assign the Arctic opportunity to TNK-BP. For the share swap to proceed, both BP and Rosneft would also have to agree that any shares received as a result...

Arbitration Tribunal Orders Further Hearings Parties to return to Tribunal to debate BP's "stand-alone" share swap with Rosneft; Arctic Project and Strategic Cooperation with Rosneft remain off-limits to BP MOSCOW, April 8, 2011 /PRNewswire/ -- The Stockholm Arbitration Tribunal has ruled today that the interim injunction prohibiting the closing of the share swap transaction between BP and Rosneft will remain in place until further notice. The Tribunal has also requested BP and AAR to...

HOUSTON, Dec. 1, 2010 /PRNewswire-FirstCall/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that Ray Leonard, its President and Chief Executive Officer, has been named to the University of Arizona's Geosciences Advisory Board for a five-year term. The board is made up of University of Arizona's Geosciences alumni who are leaders in the energy industries. It is charged with keeping the university's Department of Geosciences abreast of current developments that it should...

Russian oil and gas company Rosneft is conducting oil and gas exploration work that may have caused the critically endangered western gray whale to flee its main feeding ground.Tests and offshore installment of equipment by Rosneft for a major seismic survey began in late August, despite repeated calls from 12 governments, NGOs, scientists and the public to postpone the survey because of potential risks to the whales.Rosneft started preparations for the survey last month near Sakhalin Island...

With courtroom theatrics, former Head of YUKOS outlines the absurdity of the charges against him MOSCOW, April 12 /PRNewswire-USNewswire/ -- On Tuesday 6th April 2010, a year after his second trial began, Mikhail Khodorkovsky, former YUKOS chief executive and Russia's most famous political prisoner, opened the defense case with passionate and powerful testimony to the court. Referring to the charges against him as "completely idiotic" and "downright wild," he outlined the absurdity of the...

Yukos International, once a subsidiary of former Russian oil giant Yukos, said it will sue the Russian government for breaking up the oil company. Yukos was dismantled in November 2007 with most of the assets sold to state-owned Rosneft, now Russia's largest oil producer, RIA Novosti reported Monday. Bruce Misamore, former Yukos executive, said the $100 billion suit was the highest claim ever filed at the European Court for Human Rights in Strasbourg, France. Yukos founder Mikhail...