IEA: Up to 189 Million Gallons Leaked So Far

July 14, 2010By Andy RowellBlog Post 2 Comments

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.  … Read More

BP: Boldness and Blunders with no Hand on the Brake

July 13, 2010By Andy RowellBlog Post

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 … Read More

From Seven Sisters to One Super-Major?

July 12, 2010By Andy RowellBlog Post

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 … Read More

BP: A Good Value for “Bargain Hunters”?

July 6, 2010By Andy RowellBlog Post

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 … Read More

Will BP’s Partners Cough up $400 Million?

July 5, 2010By Andy RowellBlog Post

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 … Read More

From One Gulf to Another

July 2, 2010By Andy RowellBlog Post 2 Comments

Five years ago, I co-authored a book called “The Next Gulf- London, Washington and Oil Conflict in Nigeria”, that  – as the title suggested – looked at the interlinked nature of oil politics from America, the UK and West Africa. In part the book details the grievances of the people of the Niger Delta – … Read More

BP’s Future Now Depends on Iraq

July 1, 2010By Andy RowellBlog Post

It is no coincidence that on “Tony’s Tour to Rebuild BP’s Battered Reputation”, its CEO Tony Hayward will visit China next week. BP may be getting a kicking in America, but China and Russia remain central to its plans. BP’s embattled chief executive has already met Igor Sechin, Russia’s Deputy Prime Minister, in Moscow on … Read More

BP: Ignoring the Lessons from History

June 30, 2010By Andy RowellBlog Post 1 Comment

When BP’s leak is finally plugged and the forensic examination begins into the disastrous events leading up to the spill, it should also examine the catastrophic events since the spill: and one of those will be the use of dispersants. The use of dispersants has been heavily criticised on this blog and well as by … Read More

BP’s Long Term Business Strategy in Chaos..

June 29, 2010By Andy RowellBlog Post

A BP presentation to investors from March 2010 – a month before Deepwater – is doing the rounds on the net after being picked up by Propublica. In fact the presentation to analysts is on BP’s own website. The presentation shows how so much has changed for BP since the disaster – and if nothing … Read More