Posting the Wrong Message on the Tar Sands

February 8, 2011By Andy RowellBlog Post, Featured 1 Comment

When Canadian Prime Minister Stephen Harper met Barack Obama at the end of last week he asked the American president to support a highly controversial $7-billion pipeline that could double the amount of dirty tar sands that could be exported to the United States. TransCanada’s proposed Keystone XL pipeline has been on hold since last … Read More

Investors Warn Over Deepwater Risks

February 4, 2011By Andy RowellBlog Post, Featured

The oil industry may be arguing that its back to business as usual after the Deepwater Horizon blowout, but the disaster is still causing major ripples within the investment community. And now the shareholders – who together represent investments of $2.5 trillion – are coming together to force through further changes. They are arguing that … Read More

BP, the Russian Godfather & Rogue States

February 1, 2011By Andy RowellBlog Post, Featured

As BP reported a $5bn loss after Gulf oil spill, confusion reigns this morning whether the company will be able to pay its dividend in full. The company has publicly announced that it will pay a dividend for the first time since the Deepwater disaster. But Bob Dudley’s hopes of winning round the investment community … Read More

“Compromised” API Set for Key Safety Role

January 31, 2011By Andy RowellBlog Post, Featured

So its back to business as usual. Bob Dudley, BP’s chief executive, is set to announce a resumption of dividend payments tomorrow as a signal to investors that the oil giant is back on track, after last year’s Deepwater disaster. The reinstatement is key for Dudley to show investor confidence before his inaugural presentation to … Read More

Was Ugandan Oil Deal “Corrupt”?

January 28, 2011By Andy RowellBlog Post, Featured

Tullow Oil is “approaching the finishing line” in talks with the Ugandan government to resolve a tax dispute that has held up plans to bring in new partners to exploit its oil reserves there. Tullow expects to reach an agreement to sell a share of its Uganda assets to Total SA and China National Offshore … Read More

“Shell, Let’s Go Clean Nigeria!”

January 27, 2011By Andy RowellBlog Post, Featured 2 Comments

Just before dawn yesterday, activists from Friends of the Earth in the Netherlands scaled the front of Shell’s headquarters in the Hague and urged the company to “clean up” its operations in Nigeria. Some activists were dressed as oil-smeared birds. Others held pictures of polluted land or hung plastic strips appearing to smear Shell’s corporate … Read More

What oil subsidies is Obama targeting?

January 26, 2011By Steve KretzmannBlog Post, Featured 1 Comment

Last night, The President once again proposed ending subsidies to the oil industry.  As we’ve said before, this is a great idea, and should be supported in full. That said, although we haven’t seen details, it’s quite unlikely that the Administration is proposing to eliminate all these subsidies.  First, there is an important difference from … Read More