Well we always knew that the oil spill disaster would have severe repercussions for the industry, a fact now conceded by the International Energy Agency (IEA).
The IEA has warned that the spill from BP’s Macondo’s well “places the ability of the industry to access important new reserves on a knife edge“.
Its latest monthly oil market [...]

Yesterday Shell waded into the Deepwater fall-out by defending deep-water drilling.
Peter Voser, Shell chief executive, argued that deep-water drilling still had an important role to play in global energy supply. “We have got growth potential there”.
But what cost is this growth?
Even the industry’s own trade magazines are questioning the business as usual scenario. One such [...]

So we are 100 days into this disaster and what has changed?
Well we have a new CEO of BP. The straight talking American Bob Dudley argues that the Gulf of Mexico spill has been “wake-up call not only for BP, but the oil and gas industry overall”.
But will this wake-up call change the industry for [...]

British Prime Minister David Cameron came out batting for BP in Washington yesterday as he tried to “shield” the company over the allegations that BP lobbied for the release of the Lockerbie bomber.
But more importantly, he warned US Senators not to “single out” BP over legislation that might ban BP from drilling in the US.
Speaking [...]

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 by its [...]