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

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

Cairn Suffers Another Greenland Setback

September 13, 2011By Andy RowellBlog Post, Featured 1 Comment

In the rush for the Arctic, Cairn Energy is currently the environmental villain of the moment. Despite the disastrous risks of a spill and a clearly inadequate spill response plan, the company is leading the way in drilling off Greenland. As I blogged last week, a spill in the region could be catastrophic, and Cairn … Read More

The Oil Boom is Back

January 24, 2011By Andy RowellBlog Post, Featured

A new report by the energy consultancy, PFC Energy, is arguing that the center of the global energy industry is slowly shifting away from the oil majors. Publicly traded companies in Russia, China and Brazil are taking more of the top spots in its influential global ranking of the world’s energy giants. In part to … Read More