BP (BP +2.5%) says it's continuing talks to enable its $16B share swap deal with Rosneft to move...

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP +2.5%) says it's continuing talks to enable its $16B share swap deal with Rosneft to move forward, even though the deal technically collapsed after a missed deadline. However, sources say Rosneft wants to look for a new partner to explore the Arctic Kara Sea blocks.