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Discover LudwigThe word 'bp' is not a word in written English.
It is a common abbreviation of the medical term 'blood pressure', which is not typically used outside of the medical field.
Dictionary
bp
noun
Initialism of blood pressure
Exact(60)
The shareholding in Russia's largest oil group is a legacy of BP's exit from TNK-BP, when BP sold its shareholding in the joint venture to Rosneft.
Fridman was chief executive of TNK-BP, the troublesome joint venture between BP and Russian oil magnates which at one time accounted for nearly a quarter of the UK company's oil production.
A British judge will rule on whether BP breached agreements with the farmers and was negligent in causing environmental damage when building the pipeline.
The four-month trial will be the first time BP has faced a UK court over its actions overseas and the first time compensation for environmental damage to privately owned land, caused by a UK oil company, has been litigated in the UK.
But this time BP has changed its approach and decided to fight the claims in court.
BP says it is vigorously defending the case, arguing that it took significant steps to compensate farmers for laying the pipeline on their land and to ensure that no harm was caused.
BP has tied its mast to expansion in Russia.
But there were those who wondered whether the tie-up with Rosneft was a good idea and whether it would have been done if BP had more options.
BP was encouraged to sell its stake in TNK-BP for an initial $12.5bn in cash plus an 18.5% stake – now raised to 20% – when its private sector partners succumbed to its own pressure from Rosneft.
Fadel Gheit, an oil analyst at the New York-based Oppenheimer brokerage, says that Russia has been one of the best investments ever made by BP.
BP introduced its new slogan "Beyond Petroleum" and changed its 70-year-old, shield-style logo to a more upbeat and eco-friendly green and yellow sunburst.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com