BP’s internal investigator has admitted in sworn testimony that his final draft report on the UK company’s management responsibility for the 2005 Texas refinery explosion was toned down.
Wilhelm Bonse-Geuking, BP’s European refining group vice-president, was charged with leading a team to determine management responsibility for the devastating explosion which killed 15.

Big Oil went on the defensive this week, being grilled before a House Judiciary Committee antitrust panel. It denied denying accusations that mismanagement and a lack of competition are the reasons behind this spring’s record gasoline prices in the US.
Already there have been four record prices this week. The surge has been attributed to low […]

Shell’s subsidiary, Shell Oil Products has paid nearly $3 million in penalties at its California refinery following an equipment failure that sent nearly 1,000 tons of excess carbon monoxide into the air.
The pollution escaped the refinery in Martinez back in March after three boilers that simultaneously produce steam and control the plant’s carbon monoxide output […]

BP looks set to win a controlling stake in Pakistan State Oil (PSO) in a deal worth around $600 million.The Pakistani Government owns 54 per cent of PSO and is selling 51 per cent stake in the group, leaving 3 per cent in government hands.
BP has been competing with Petronas, the Malaysian oil and gas […]

The New Zealand Green Party has unveiled a new climate change policy that rejects carbon taxes and emissions trading in favour of an emitter-pays approach.
They argue their solution offers the best hope of carbon charges and trading while ensuring taxpayers are not left holding the estimated $600 million bill for New Zealand’s Kyoto liabilities come […]