Energy Blast – July 26, 2010

BP is apparently considering selling its 50% stake in TNK-BP in its efforts to raise cash to pay for the Gulf of Mexico spill.  Many sources suggest that BP will announce the departure of Tony Hayward today, and his replacement by Robert Dudley, the current head of the oil spill response effort.  Here’s a timeline of Hayward’s involvement with BP, dating back to 1982.  Iranian President Mahmoud Ahmadinejad accused President Dmitry Medvedev of entering into a ‘propaganda drama‘ with the US regarding Iran’s nuclear program.  The Kremlin must have anticipated that the announcement that it may sell stakes in Transneft would boost the company share price?