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Posts in July 2010

• The end of the beginning not the end

  Andy Rowell

  Jul16

  Anyone listening to the news reports this morning would be forgiven for thinking that the Deepwater disaster is somehow “over” now that that the cap seems to be holding. So nearly ninety days in to this disaster we may be reaching the end of the beginning, but no more. In the short-term we do not…
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• Senators Accuse BP of “Blood Money” Handouts

  Andy Rowell

  Jul15

  For many in America, BP has been public enemy number one since the Deepwater disaster started on April 20th. It’s not only the disaster itself, but the way BP has handled itself before and since then that has added to the palatable anger. The failure by the company to stop the spill, the public gaffes…
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• IEA: Up to 189 Million Gallons Leaked So Far

  Andy Rowell

  Jul14

  If you talk to Riki Ott, the fisherwoman and marine biologist who has written a book about the Exxon Valdez, one of the lasting unanswered questions is just how much oil was spill from the stricken tanker. The official version is 10.8 million gallons, but Ott has always maintained the real figure was considerably higher. …
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• BP: Boldness and Blunders with no Hand on the Brake

  Andy Rowell

  Jul13

  Uncertainty still surrounds the success of the replacement cap on the BP well today, with the company expressing cautious optimism that this second, tighter cap has worked. BP will now attempt a “well integrity test” and this means it will find out how damaged the well is below the cap and how intact the casing…
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• From Seven Sisters to One Super-Major?

  Andy Rowell

  Jul12

  Obama’s presidential Commission into the oil spill starts today and already the focus seems to be about how to improve safety offshore for future drilling in light of the BP disaster. That means the focus is how to drill offshore rather than whether to drill offshore. That is a huge difference. The Commission is unique…
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• Oil and gas industry dollars fuel Gulf Coast politics

  Elizabeth Bast

  Jul08

  According to a report recently released by the National Institute on Money in State Politics, politicians in the Gulf of Mexico are awash in oil and gas industry contributions. Oil and gas companies, along with their owners and employees, gave $21.1 million to the campaigns for state elected officials between 2003 and 2008 in Alabama,…
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• “If the relief wells fail, BP may be doomed”

  Andy Rowell

  Jul08

  In a date that seems to pander to the needs of the investors and politicians rather than the engineers, BP has set a deadline of 27 July to cap the leaking Macondo well. According to the Wall Street Journal the capping in not just a physical capping but “a bid to a bid to show…
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• Back In the Other Gulf, Shell Appeals Landmark Ruling

  Andy Rowell

  Jul07

  BP may be paying out money faster than its going out of fashion for the Gulf of Mexico spill, but its arch-rival Shell is still not ready to part with its cash. Yesterday, the oil giant’s Nigerian subsidiary, SPDC, announced that it was going to appeal against the judgment of a Federal High Court, which…
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• BP: A Good Value for “Bargain Hunters”?

  Andy Rowell

  Jul06

  David Cameron’s government is now said to be preparing for the worst: that BP will collapse and be broken up. One way that could be avoided is if key investors buy large chunks of the stricken oil giant. But one option might be just as unpalatable to the British as BP being broken up: the…
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• Will BP’s Partners Cough up $400 Million?

  Andy Rowell

  Jul05

  As the clean-up cost for BP’s spill surpasses $3 billion, BP has demanded that its partners to pay about thirteen per cent of the costs so far or $400m. The demands were sent to Deepwater Horizon partners Anadarko – that owns 25 per cent of the well – and Japan’s Mitsui Oil Exploration that owns…
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