DLC Clearlease.com Reports BP PLC – (BP:NYSE) shares fall after deal with Russia’s Rosneft blocked by arbitration tribunal


Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports Shares in BP traded lower Friday, a day after an arbitration panel ruled against the oil company’s planned $8 billion share swap and Arctic exploration deal with Russia’s OAO Rosneft.

BP shares were down 0.9 per cent at 477 pence in late morning trading on the London Stock Exchange.

BP and Rosneft had planned a joint effort to explore the Arctic seabed, but Alfa-Access-Renova, BP’s partners in the Russian joint venture TNK-BP, objected.

AAR said all of BP’s new business opportunities in Russia and Ukraine must be pursued through TNK-BP.

AAR won a preliminary order in a British court to block the deal, and Thursday’s ruling by the Stockholm Arbitration Tribunal is binding.

The Rosneft agreement was the first major deal announced by BP Chief Executive Bob Dudley, who replaced Tony Hayward last October.

AAR slammed BP for its attempted link up with Rosneft.

“Willfully ignoring the provisions of the shareholder agreement was a serious misjudgment by BP that has severely damaged the relationship between the TNK-BP shareholders; it has also harmed BP’s reputation in Russia,” said Stan Polovets, AAR’s chief executive. “We expect Bob Dudley to make every effort to rectify the situation and rebuild the trust that has been lost between BP, AAR and the management of TNK-BP.”

The panel’s decision is a blow to Dudley’s plans for the company following last year’s Gulf of Mexico oil spill.

Though BP already draws a quarter of its oil production from Russia, the Rosneft deal would have given it access to 125,000 square kilometres (48,000 sq. miles) of the South Kara Sea.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com

###BP PLC - (BP:NYSE) shares fall after deal with Russia's Rosneft blocked by arbritation tribunal

Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports Shares in BP traded lower Friday, a day after an arbitration panel ruled against the oil company’s planned $8 billion share swap and Arctic exploration deal with Russia’s OAO Rosneft.

BP shares were down 0.9 per cent at 477 pence in late morning trading on the London Stock Exchange.

BP and Rosneft had planned a joint effort to explore the Arctic seabed, but Alfa-Access-Renova, BP’s partners in the Russian joint venture TNK-BP, objected.

AAR said all of BP’s new business opportunities in Russia and Ukraine must be pursued through TNK-BP.

AAR won a preliminary order in a British court to block the deal, and Thursday’s ruling by the Stockholm Arbitration Tribunal is binding.

The Rosneft agreement was the first major deal announced by BP Chief Executive Bob Dudley, who replaced Tony Hayward last October.

AAR slammed BP for its attempted link up with Rosneft.

“Willfully ignoring the provisions of the shareholder agreement was a serious misjudgment by BP that has severely damaged the relationship between the TNK-BP shareholders; it has also harmed BP’s reputation in Russia,” said Stan Polovets, AAR’s chief executive. “We expect Bob Dudley to make every effort to rectify the situation and rebuild the trust that has been lost between BP, AAR and the management of TNK-BP.”

The panel’s decision is a blow to Dudley’s plans for the company following last year’s Gulf of Mexico oil spill.

Though BP already draws a quarter of its oil production from Russia, the Rosneft deal would have given it access to 125,000 square kilometres (48,000 sq. miles) of the South Kara Sea.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com

###
Vancouver, B.C., Canada March 25, 2011 – Clearlease.com reports Shares in BP traded lower Friday, a day after an arbitration panel ruled against the oil company’s planned $8 billion share swap and Arctic exploration deal with Russia’s OAO Rosneft.

BP shares were down 0.9 per cent at 477 pence in late morning trading on the London Stock Exchange.

BP and Rosneft had planned a joint effort to explore the Arctic seabed, but Alfa-Access-Renova, BP’s partners in the Russian joint venture TNK-BP, objected.

AAR said all of BP’s new business opportunities in Russia and Ukraine must be pursued through TNK-BP.

AAR won a preliminary order in a British court to block the deal, and Thursday’s ruling by the Stockholm Arbitration Tribunal is binding.

The Rosneft agreement was the first major deal announced by BP Chief Executive Bob Dudley, who replaced Tony Hayward last October.

AAR slammed BP for its attempted link up with Rosneft.

“Willfully ignoring the provisions of the shareholder agreement was a serious misjudgment by BP that has severely damaged the relationship between the TNK-BP shareholders; it has also harmed BP’s reputation in Russia,” said Stan Polovets, AAR’s chief executive. “We expect Bob Dudley to make every effort to rectify the situation and rebuild the trust that has been lost between BP, AAR and the management of TNK-BP.”

The panel’s decision is a blow to Dudley’s plans for the company following last year’s Gulf of Mexico oil spill.

Though BP already draws a quarter of its oil production from Russia, the Rosneft deal would have given it access to 125,000 square kilometres (48,000 sq. miles) of the South Kara Sea.

DLC Clearlease offers leasing which allows you to structure a financing program that addresses your key business issues, including: cash flow, budget, transaction, and cyclical fluctuations. For example, some heavy equipment operators request seasonal leases, which allow them to schedule their payments during their busiest months.

Furthermore, financing your equipment from DLC Clearlease guarantees an affordable plan to suit your business equipment needs with less out-of-pocket expenditures, spreading your payments across a manageable period of time. Reserve your capital for other expenses by leasing your equipment from us and save resources, time, value, and straight capital, too. A lease is not considered a long-term debt or liability, so it does not appear as debt on your financial statement, making you more attractive to traditional lenders when you need them.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com

###



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