Word: bp
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Dates: during 2000-2009
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...business has never been for the faint of heart. But think back, if you will, some five years to a time when the industry was nothing like it is today. In mid-2003, when a barrel of oil fetched about $30, BP made what was then the largest ever foreign investment in a Russian firm. The British company paid more than $6 billion for a 50% stake in TNK-BP, an oil outfit it set up with a consortium of four Russian billionaires. Vladimir Putin, Russia's President at the time, joined Tony Blair, then Britain's Prime Minister...
...OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...
...that reality that led the solar arm of BP to pull out of the thin-film industry in 2002, claiming that the economics would never add up. But the numbers have changed, thanks largely to the enormous success of Phoenix's First Solar. Though the company was launched in 1999, it has its origins in a solar start-up that had been around since the mid-1980s. First Solar spent years tinkering before moving to mass production. It was able to weather those early days of profitless experimentation because it had a rich, patient backer: Wal-Mart heir John Walton...
...security officer Aleksander Litvinenko. It would be premature, however, to judge the blanket visa approval as signaling a thaw in relations, rather than simply a necessary move to remain onside with European soccer authorities. This week, Russian security offficials again raided the Moscow headquarters of the British oil company BP, whose operation and holdings in Russia are coveted by Russia's hydrocarbon state...
...play our part in ensuring that energy markets remain well supplied." That slight air of defensiveness is easy to understand. Where corporate profits are concerned, "everybody thinks it goes into the pockets of senior people," says Webley. "That is far from the case." The suggestion is that Shell and BP's profits will be plowed back into exploration rather than into, say, London's real estate market, which has been goosed up for years by bonuses from the now hurting financial sector. It's an important distinction, but it may not be enough to placate everyone...