Crude Oil Casualties Mount

February 9, 2015By Andy RowellBlog Post, Featured, News

Everywhere you look there is carnage in the oil industry as the reality of low oil prices begins to bite. From North America, to the North Sea and the Arctic, the low crude oil price is reshaping the size, shape and prospects of the industry.

Gas Leak was “Impossible” Workers Told

April 2, 2012By Andy RowellBlog Post, Featured

First the good news. Over the weekend the French oil giant Total confirmed that the flare that had been burning on its abandoned Elgin rig in the North Sea had “extinguished itself.” The flare was causing real concern in case it ignited the escaping gas. With the flare out, Total has said it could begin … 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 Enters British CCS Race

August 13, 2009By Andy RowellBlog Post

Twelve years ago the oil giant Shell announced it had established a fifth core business – called Shell International Renewables or SIR- which was designed to exploit the growing renewable market. Over a decade later, the oil company has beat a humiliating retreat out of the main renewable market. In March this year Shell came … Read More

“So its heads I win, tails you lose”

February 12, 2009By Andy RowellBlog Post

The oil companies are beginning to look like the banks. During the good years, they cream off ridiculous profits with huge bonuses paid to senior management and directors. And in the bad times they get out of the begging bowl to ask for more money from the government.

The Second North Sea Oil Boom

June 5, 2008By Andy RowellBlog Post

Happy Environment Day, story number three. The record oil price could cause a second oil boom in the North Sea. The popular view is that the UK’s share of the North Sea is in decline, with energy reserves diminishing rapidly about 35 years after the oilfields were first exploited. However, there is a growing body … Read More

Greater Scots Control of Oil “Makes Sense”

September 5, 2007By Andy RowellBlog Post

So the political row over North Sea oil continues. The concept of Scotland having more say over its oil and gas assets makes “common sense”, according to Scotland’s First Minister, Alex Salmond, responding to the “hands off” warning from Westminster (see yesterday’s blog). Mr Salmond said: “You have to glance across the North Sea to … Read More

Shell and Exxon Sell UK Assets

June 15, 2007By Andy RowellBlog Post

Shell and Exxon’s UK subsidiary Esso have put up their selected assets in the UK North Sea for sale, following depletion in reserves, high costs and obsolete facilities. The companies have also entered into exclusive negotiations with UK oil company Fairfield Energy Ltd. to unload their Dunlin fields interests. Royal Dutch Shell reportedly stated that … Read More