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Posts in February 2007

• IEA: Demand for Oil Increases

  Andy Rowell

  Feb14

  As if taking a cue from T-Rex Tillerson that demand for oil will keep rising, the International Energy Agency has raised its outlook for world oil demand for the first time over a year, citing upward revisions to the estimated appetite of the still-booming Chinese economy. The IEA raised its 2007 demand forecast by 273,000…
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• “T-Rex” Says Sensible Strategies Needed on Climate

  Andy Rowell

  Feb14

  One person not rushing to promote any climate deal is Exxon’s CEO, “T-Rex” Tillerson, who did though admit yesterday that the planet’s temperature and levels of greenhouse gases are rising. But he also said demand for fossil fuels will keep rising, so policymakers need to “implement sensible strategies” that address climate risks without impeding the…
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• Momentum Gathers on Climate Deal

  Andy Rowell

  Feb14

  Leading US politicians are meeting with legislators from the EU, China, Japan and India to seek a breakthrough in the international climate deadlock, that would be seen as a “post-Kyoto” deal. The meeting is being organised by British-run parliamentarians’ group Globe, and is said to be strongly supported by the UK Prime Minister Tony Blair.

• Oil Giant “Knew Tanker Was a Risk”

  Andy Rowell

  Feb13

  The French oil company Total and 14 other defendants were accused yesterday of criminal responsibility for one of Europe’s most calamitous oil spills, the wreck of the Erika. Total is accused of agreeing to use the ship even though it failed to satisfy its own safety rules. The four-month trial – the most complex of…
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• Russia: BP Has to Meet ‘Impossible’ Target or Sell up

  Andy Rowell

  Feb13

  More trouble for BP. Its Russian joint venture has been given three months to increase production at one of the world’s largest gas fields “by a technically impossible amount” or face losing the field altogether.

• North Sea Output Declines Faster Than Predicted

  Andy Rowell

  Feb13

  Oil and gas production in the North Sea is now expected to be about 10 per cent lower over the next few years than previously thought, according to the annual survey from the UK Offshore Operators’ Association. The main reason is described as “poor reservoir performance”: in other words, wells not yielding as much oil…
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• Big Oil Tackles Energy Questions

  Andy Rowell

  Feb12

  Some of big oil’s top executives will gather in Houston this week to discuss dwindling oil supplies, pollution concerns and finding new and more effective ways to produce oil and gas — as well as alternatives to fossil fuels. At the Cambridge Energy Research Associates annual weeklong conference that begins today, dozens of the industry’s…
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• Browne Ordered to Court

  Andy Rowell

  Feb12

  Lord Browne, the chief executive of BP, faces the humiliation of a courtroom questioning over the deaths of 15 workers and hundreds of injuries caused by the Texas City refinery explosion. The UK oil group has fought to keep its chief executive out of the case, but a Houston appeals court ruled late on Friday…
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• Climate Will be Blair’s Final Act

  Andy Rowell

  Feb12

  We have blogged this story before, but it has fresh legs. UK Prime Minister, Tony Blair will hold a mini-summit with the German chancellor, Angela Merkel, in Berlin tomorrow amid signs that he really wants to crown his 10-year premiership with an international breakthrough on climate change in June.

• Branson Offers Millions to Save Planet

  Andy Rowell

  Feb09

  Irony number two. He owns a global airline that pumps out millions of tonnes of carbon dioxide. He also wants to introduce incredibly polluting space travel, but now Sir Richard Branson, is offering $25 million to the scientist who can extract that carbon dioxide from the atmosphere. Together with the former US president Al Gore,…
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