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

Chevron Safety Inspections Could be Compromised

October 4, 2010By Andy RowellBlog Post, Featured

Late last week, the British government gave the goahead for the American oil company, Chevron to start drilling a deepwater exploratory well as part of its Lagavulin project in the waters north of the Shetland Islands. In a highly controversial move, it is the first time the new British Coalition government has granted permission for … Read More

Shell to Increase North American Output by 40 Percent

September 29, 2010By Andy RowellBlog Post

BP might be America’s bette noir right now after the Deepwater Horizon spill, but its fierce rival Shell is planning a massive expansion in the region. Shell plans to expand its operations in tar sands and in deepwater in the Gulf of Mexico. So never mind the repeated calls by environmental groups, communities and investors … Read More

Ability to Find New Reserves Now on a “Knife Edge”

August 13, 2010By Andy RowellBlog Post

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 … Read More

Despite “Deepwater” BP Bets on More Deepwater

July 21, 2010By Andy RowellBlog Post

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 … Read More

Senators Accuse BP of “Blood Money” Handouts

July 15, 2010By Andy RowellBlog Post

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 … 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