Killajoules

BP to Sell Venezuela and Vietnam Businesses to TNK-BP
BP announced today that it has reached agreement to sell its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for a total of $1.8 billion. TNK-BP, Russia's third largest oil company, is owned equally by BP and the AAR Consortium (comprising Alfa Group, Access Industries and Renova).

Apache Completes Acquisition of BP Canada Assets
Apache Corporation (NYSE, Nasdaq: APA) today announced that its subsidiary has completed its acquisition of substantially all of BP's upstream natural gas business in western Alberta and British Columbia. The transaction is the second closing of Apache's previously announced three-part acquisition of BP assets.

BP and SOCAR Sign Shafag-Asiman PSA
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced today they had signed a new production sharing agreement (PSA) on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea.