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Word: bp (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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...Libya sits atop massive energy reserves, much of which have languished through decades of sanctions. The British oil company BP last year estimated Libya's proven reserves at about 41.5 billion barrels of high-grade oil, and about 1.49 trillion cubic meters of natural gas, which makes it the 10th biggest oil and gas reserves in the world. (Watch a TIME video...

Author: /time Magazine | Title: Was Oil Part of a Deal for the Lockerbie Bomber? | 8/22/2009 | See Source »

...Relations with London have also warmed. In 2007, former British Prime Minister Tony Blair held talks with Gaddafi in the Libyan leader's tent in Tripoli. Soon after, BP officials signed a $900-million exploration deal with Libya's state-run National Oil Company; BP believes the deal could ultimately earn it about $15 billion in oil revenues. But Blair has denied that there was ever a link between the deal and the release, telling CNN on Saturday that he didn't have the power to arrange Megrahi's release. "I wasn't in a position...

Author: /time Magazine | Title: Was Oil Part of a Deal for the Lockerbie Bomber? | 8/22/2009 | See Source »

...bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin's attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer's war with Georgia. And then, of course, there's the global financial crisis, which has hit Russia particularly hard. On top of all the economic woes, there's a shrinking population, a military that remains...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

...Sunday, as I found out, the Padres host "Breakfast at the Park" instead of batting practice. Tables are set up on the field and fans actually pay to eat their breakfast on the warning track. With their record, the Padres should probably opt to use that time for more BP...

Author: By Dixon McPhillips | Title: A FAN FOR SALE PART 1: Yo Soy Tu Padre | 7/20/2009 | See Source »

...reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the 41 foreign companies invited to bid by the Iraqi government balked at the Baghdad terms. The only contract signed was a 20-year deal for a consortium led by BP and China's National Petroleum Corporation to develop the giant Rumaila field in southern Iraq. "Frankly I did not think it would be such a fiasco and embarrassment for the government," says Rochdi Younsi, Director of Middle East and Africa for the Eurasia Group in Washington. "It shows the level...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

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