by Sandford, D., British Broadcasting Corporation (BBC) World News
15 January 2011
Editor's Award. BP has signed a joint venture with Russian energy firm Rosneft to exploit potentially huge deposits of oil and gas in Russia's Arctic shelf, the South Kara Sea. The agreement will see the firms exchange expertise in exploring the region. It is BP's first deal since the Deepwater Horizon spill in the Gulf of Mexico, USA last year, which cost it billions. Videoclip 2 min 33 sec with maps, interviews and graphics.