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

Lawyers not yet born look set to work on this one too

August 11, 2010By Andy RowellBlog Post

When the Exxon Valdez oil spill happened the chair of the Trustees panel said simply: “lawyers not yet born will work on this one”. His prediction essentially came true as the spill lawsuits grinded backwards and forwards through the courts as Exxon did everything in its power to delay and derail the legal process. As … Read More

Scientists Attack White House Spin

August 6, 2010By Andy RowellBlog Post 1 Comment

The fall-out continues from the US government report saying that 75 per cent of the spilled oil from BP’s macondo well has gone. Scientists say it is “just not true” that the vast majority of oil from the BP spill has gone and in fact the opposite is true – that up to 75 per … Read More

NWF Attack Oil Industry’s “Assault on America”

July 30, 2010By Andy RowellBlog Post

Yesterday Shell waded into the Deepwater fall-out by defending deep-water drilling. Peter Voser, Shell chief executive, argued that deep-water drilling still had an important role to play in global energy supply. “We have got growth potential there”. But what cost is this growth? Even the industry’s own trade magazines are questioning the business as usual … Read More

100 Days That Changed the Industry .. Or Did it?

July 28, 2010By Andy RowellBlog Post

So we are 100 days into this disaster and what has changed? Well we have a new CEO of BP. The straight talking American Bob Dudley argues that the Gulf of Mexico spill has been “wake-up call not only for BP, but the oil and gas industry overall”. But will this wake-up call change the … Read More

A $20 Million Reward for Failure

July 26, 2010By Andy RowellBlog Post

The details are still being worked out. The BP Board meets this afternoon. But if the press reports are anything to go by, the company’s embattled CEO, Tony Hayward will walk away with anything from at least £11 million to £12 million plus. That’s about $18.5 million. And that’s the low estimate. The huge amount … Read More

US Government “Sock-Puppet” for BP Over Dispersants

July 23, 2010By Andy RowellBlog Post

The dispersant row continues. If people are worried about the legacy of what BP is doing in the Gulf of Mexico, they should watch the latest Democracy Now. In it EPA scientist Hugh Kaufman accuses the Obama Administration, including his own agency, the EPA, of being “sock-puppets for BP in the cover up” over the … Read More