The $13 Billion Bill for Elgin Gas Spill

April 11, 2012By Andy RowellBlog Post, Featured

Oil companies operating in the North Sea could face an estimated $13 billion (Euros 10 billion) bill in light of the Elgin gas spill which could also seriously affect their credit ratings, according to rating agency Fitch. Total’s Elgin platform in the North Sea has been leaking gas since last month with some estimates that … Read More

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

Africa’s New Scramble for Gas

March 13, 2012By Andy RowellBlog Post, Featured

Some twenty five years ago when Amoco were exploring for oil offshore Somalia, the company was convinced that the waters of East Africa contained vast reserves of oil and gas. But its exploration was unsuccessful, Somalia was ripped apart by civil war and the waters of East Africa, once the tranquil domain of dhows and … Read More

Falklands: “Conflict is Over Oil”

February 13, 2012By Andy RowellBlog Post 1 Comment

Are we slowly edging towards another war over oil? Thirty years after Britain and Argentina last went to war over the Falklands, the diplomatic stakes are rising rapidly. This could just be a great game of diplomatic brinkmanship where neither side really wants a repeat of the conflict from decades ago. However this time at … Read More

Chevron Faces Possible Brazil Drilling Ban

November 22, 2011By Andy RowellBlog Post, Featured 2 Comments

Eighteen months after the Deepwater Horizon disaster, we have another country threatening to ban an oil company after a deep water spill. Yesterday it was Brazil’s turn to say it might ban Chevron from drilling in its deep water oilfields as punishment for the 3,000 barrel oil spill from the company’s Frade project. Chevron has … Read More

BP: Reprieved from Death Row

October 17, 2011By Andy RowellBlog Post, Featured

It’s been a good few days for BP. The company’s share price surged 5.1 per cent this morning after it was announced that Anadarko Petroleum will pay $4 billion to settle all claims for last year’s Gulf of Mexico oil spill. The US-based Anadarko Petroleum was a part-leaseholder of ill-fated Macondo well. As part of … Read More

Rick Perry’s predictable energy plan

October 14, 2011By Lorne StockmanBlog Post, Featured 1 Comment

I wasn’t bowled over with surprise to hear news of Rick Perry’s energy plan today. I could have written it myself. The plan is a fossil fuel industry wish list. Open everything up and dismantle any regulation that might get in the way of digging, drilling, fracking and burning. It’s not really news. It wasn’t … Read More