Always read the small print

June 21, 2011By Andy RowellBlog Post, Featured 1 Comment

Investors may have poured their cash into the rogue’s gallery that is the new venture by Tony Hayward and “Nat King Coal” Rothschild called Vallares. As I blogged yesterday, Vallares was over-subscribed raising just over $2 billion to buy assets in the oil and gas sector. Investors were said to be reassured by Hayward’s knowledge … Read More

Hayward and “Nat King Coal” Launch Oil Venture

June 20, 2011By Andy RowellBlog Post, Featured

This could be a toxic mix: take Deepwater-disaster man, Tony Hayward; the new coal baron, Nat Rothschild, and bankers Julian Mertherell and Tom Daniel, the former from discredited Goldman Sachs. Together you have someone who was ultimately responsible for America’s worst ever environmental disaster; someone who obviously does not care about climate change having invested … Read More

The “Spill Amnesia Bill”

May 6, 2011By Andy RowellBlog Post, Featured

A week, they say, can be a long time in politics. A year, therefore can be a lifetime. And long enough to forget. A year on from the Deepwater disaster, Republicans are acting as if the America’s largest ever oil spill did not in fact happen. It was just a distant bad dream. Yesterday, as … Read More

BP “wanted control of the science”

April 18, 2011By Andy RowellBlog Post, Featured

This Wednesday is going to be a painful day for many. The first Anniversary of the Deepwater Horizon will be a deeply painful day for many of the workers who were on the fateful rig, and the families of the deceased. We must remember that eleven people died that day. At least 40 workers were … Read More

BP: Back in the Gulf

April 4, 2011By Andy RowellBlog Post, Featured

With a haste that many will regard as reckless and a disregard for those who died in the Deepwater accident, BP will resume drilling in the Gulf of Mexico as early as July this year. So fifteen months after Deepwater, the concept of the disaster being some kind of game-changer that shifted the US towards … Read More

Safety of Blow-Out Preventers “Just Hot Air”

March 24, 2011By Andy RowellBlog Post, Featured

One of the final puzzles of the Deepwater Horizon disaster has been solved. It is a mystery no more. A question that continues to haunt many in BP and in the oil industry is why did the supposed fail-safe mechanism to prevent a blowout, called the blowout preventer (BOP), actually fail. And fail so spectacularly. … Read More

Two Disasters, One Conflict, One Bad Result

March 21, 2011By Andy RowellBlog Post, Featured

Two years ago the oil price hit the floor at $33 a barrel. Today, on the back of the Libyan conflict, the price for Brent Crude is $116 a barrel. Two years ago, development of the Canadian tar sands was stalling with many projects being put on hold. According to the International Energy Agency, the … Read More