Moscow. Italy's Eni SpA, which is Gazprom's partner in the Kremlin-backed South Stream gas pipeline project, proposed uniting it with its Nabucco rival to boost overall revenues, a Russian business paper reported on Thursday.

The Hague. The Board of Royal Dutch Shell plc (the Company) (NYSE: RDS.A, NYSE: RDS.B) announces its intention to propose to the 2010 Annual General Meeting that Mr. Charles ("Chad") Holliday jr, be elected a non-executive director of the Company with effect from September 1st, 2010.

London. British oil giant BP said Thursday it will pay US firm Devon Energy 7.0 billion dollars (5.1 billion euros) for assets in Brazil, Azerbaijan and the Gulf of Mexico.

London. Oil exploration firm Tullow Oil (UK:TLW 1,271, -10.00, -0.78%) said Wednesday that its 2009 net profit declined to 15.1 million pounds ($22.5 million), from 223.2 million pounds recorded at the same point a year ago. Revenue declined to 582.3 million pounds, from 691.7 million pounds last year.