London. Wood Group, an energy services company, has entered into a contract with BP Operating Company to provide topside engineering and project management services for BP's Andrew area development project in the central North Sea.

London. BP is selling its stakes in two Malaysian petrochemical production businesses to Malaysia's Petronas for $363m (£235m) to help raise money to pay for the Gulf of Mexico oil spill.

Atlanta. Turkey will connect to the European electrical grid this September using GE’s (NYSE: GE) smart grid technology. The connection will allow for expanded energy and economic opportunities. The Turkish Electricity Transmission Company (TEIAS) will now be able to buy and sell power in the European electricity market and the connection will strengthen the reliability and availability of energy throughout all of Europe.

Brussels. The European Commission will study a Russian-Polish gas deal to make sure it complies with European Union legislation, European Commission President Jose Manuel Barroso said on Wednesday following a meeting with Poland's President Bronislaw Komorowski.

Oslo. E.ON Ruhrgas Norge and Noreco have entered into an agreement whereby Noreco will acquire a 20% interest in PL434 in the Norwegian Sea by carrying a share of E.ON Ruhrgas Norges' drilling cost. EON Ruhrgas Norge will retain a 10 % interest in PL 434. The license includes the Ronaldo prospect, which is scheduled to be drilled in January 2011.

London. BP today announced that it has agreed to sell its interests in ethylene and polyethylene production in Malaysia to PETRONAS. The agreement concerns BP's 15 per cent interest in Ethylene Malaysia Sdn Bhd (EMSB) and 60 per cent interest in Polyethylene Malaysia Sdn Bhd (PEMSB), both of which are operated by PETRONAS, and are located at Kertih, on the east coast of Malaysia. This announcement does not affect BP's other businesses in Malaysia.

Beleaguered. UK oil giant BP accepted some of the blame for mistakes made before the explosion that led to the massive oil spill in the Gulf of Mexico, Bloomberg News reported Monday, citing an internal company investigation.

Delft. Speech given by Peter Voser, Chief Executive Officer, Royal Dutch Shell plc, at the Delft University of Technology. The energy sector is under great pressure to innovate to be able to satisfy the world's growing energy needs at reduced environmental cost. Continued economic growth in China and other developing economies, a growing world population and fierce competition drive companies like Shell to develop new technologies and products. In this speech, Peter Voser, Royal Dutch Shell's Chief Executive Officer, explains what people at Shell are doing to help build a better energy future while meeting global energy demand. He explains how Shell's new innovation strategy is designed to allow Shell to both play into existing markets and open up new ones. Peter also discusses the benefits that an increased reliance on natural gas, biofuels and carbon capture and storage could bring. In this fast-moving world, in which cross-border networks are becoming increasingly valuable, there will be an important role to play for talented graduates, especially from technical universities like Delft.