Activists gathered to protest in Saratov
earlier this week against the use of two reactors at the Balakovo nuclear power plant. Contrary to earlier reports, TNK-BP says it is not considering opening lawsuits against BP
, and will no longer seek to be included in a proposed tie-up with Rosneft. BP has revealed that it has applied for permits
to resume drilling in the Gulf of Mexico later this year. LUKoil has outlined its plans for a listing
on the Hong Kong stock exchange, once the oil price has stabilized. Rosneft is apparently eyeing the director of Nord Stream
, Matthew Warnig (a rumored ally of Vladimir Putin), for its board. North Sea tax increases by the British government could cost Royal Dutch Shell $1 billion next year
(although a 41% rise in first quarter profits to $6.9 billion offsets the figures somewhat).