Posts in Russian oil
- For the oil industry business comes first. After years of preparation, on Saturday Exxon began drilling a $700 million well in the Kara Sea in Russia's Arctic. It is Russia’s most northerly well.
- Ignoring the potential threat of further sanctions, both Exxon and BP have strengthened ties with Russia’s state-controlled oil company, Rosneft, in deals that can also only be seen as bad news for the climate.
- The oil industry always maintains that politics is a job for somebody else – it just gets on with drilling for oil and gas. The line is a fallacy of course, as the industry uses its economic might to prop up politicians that give it favourable tax breaks or subsidies or push its climate destructive policies.
- Whether the scientists or oilmen win the defining battle of our time – how and when to wean ourselves off fossil fuels - will shape what this world looks like for our children and grandchildren.
- As Russia gears up for its own fracking revolution, Poland is set to effectively outlaw anti-fracking dissent.
- Much of the focus recently about the dangers of Arctic drilling has focused on Shell’s plans to drill off Alaska. But let’s not forget about the real and growing dangers to the Russian Arctic too. Once again it seems that the oil industry is not prepared for the risks of a spill and maybe operating...
Continue reading 'Gazprom’s Oil Response Plan “Illegal”'.
- Late last week, the Russian President Vladimir Putin outlined plans to create “globally competitive conditions” to attract foreign investment in Russia’s largely unexplored Arctic. “Offshore fields – especially in the Arctic – are without any exaggeration our strategic reserve for the 21st century,” Putin told a meeting attended by the heads of Rosneft and Gazprom....
Continue reading 'Lloyds Warns of Arctic Drilling Risk'.
- It will not just be Bob Dudley from BP who will be aghast at the news that Exxon and Rosneft have signed a historical deal to develop Arctic oil reserves, but many people from Alaska too. Just months after BP failed in a bid to form a strategic alliance with Rosneft, ExxonMobil has outsmarted its...
Continue reading 'Exxon Beats BP to Arctic Prize'.
- Sometimes the best protests are the most simple and symbolic. Yesterday, Shell’s shareholders and senior management at the company’s AGM in the Hague were presented with an “erratum” to the company’s recent Annual Report. The spoof report by Friends of the Earth looks like a real Shell report, until you start to read it. For...
Continue reading 'And for Shell We Present an “Erratum”'.
- BP’s long-term strategic direction and its credibility with City analysts is in tatters this morning after its bid for a strategic alliance with Rosneft, the Russian state oil champion, collapsed late last night. A year on from the Deepwater disaster, this was the deal that was meant to revitalise BP’s reputation. This was the deal...
Continue reading 'BP’s Credibility in Tatters Again'.
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