TNK-BP Eyes $795M Brazil Venture

TNK-BP, BP’s Russian venture, may acquire a 1.29 billion real ($795 million) stake in an Amazon oil and gas project after Brazil’s HRT Participacoes em Petroleo asked its partner to sell. HRT asked Petra Energia to sell its 45 percent of the Solimoes oil blocks to the Moscow-based company, according to a regulatory filing. TNK-BP’s board approved negotiations on the acquisition last week, two […]