BP: A Good Value for “Bargain Hunters”?

July 6, 2010By Andy RowellBlog Post

David Cameron’s government is now said to be preparing for the worst: that BP will collapse and be broken up. One way that could be avoided is if key investors buy large chunks of the stricken oil giant. But one option might be just as unpalatable to the British as BP being broken up: the … Read More

Will BP’s Partners Cough up $400 Million?

July 5, 2010By Andy RowellBlog Post

As the clean-up cost for BP’s spill surpasses $3 billion, BP has demanded that its partners to pay about thirteen per cent of the costs so far or $400m. The demands were sent to Deepwater Horizon partners Anadarko – that owns 25 per cent of the well – and Japan’s Mitsui Oil Exploration that owns … Read More

From One Gulf to Another

July 2, 2010By Andy RowellBlog Post 2 Comments

Five years ago, I co-authored a book called “The Next Gulf- London, Washington and Oil Conflict in Nigeria”, that  – as the title suggested – looked at the interlinked nature of oil politics from America, the UK and West Africa. In part the book details the grievances of the people of the Niger Delta – … Read More

BP’s Future Now Depends on Iraq

July 1, 2010By Andy RowellBlog Post

It is no coincidence that on “Tony’s Tour to Rebuild BP’s Battered Reputation”, its CEO Tony Hayward will visit China next week. BP may be getting a kicking in America, but China and Russia remain central to its plans. BP’s embattled chief executive has already met Igor Sechin, Russia’s Deputy Prime Minister, in Moscow on … Read More

BP: Ignoring the Lessons from History

June 30, 2010By Andy RowellBlog Post 1 Comment

When BP’s leak is finally plugged and the forensic examination begins into the disastrous events leading up to the spill, it should also examine the catastrophic events since the spill: and one of those will be the use of dispersants. The use of dispersants has been heavily criticised on this blog and well as by … Read More

BP’s Long Term Business Strategy in Chaos..

June 29, 2010By Andy RowellBlog Post

A BP presentation to investors from March 2010 – a month before Deepwater – is doing the rounds on the net after being picked up by Propublica. In fact the presentation to analysts is on BP’s own website. The presentation shows how so much has changed for BP since the disaster – and if nothing … Read More

Industry Steps Up Pro-Offshore Drilling Campaign

June 22, 2010By Andy RowellBlog Post

To pardon the pun, but the tide is turning. Soon everything could be back to normal. There is an aggressive lobbying campaign by the oil industry to overturn Obama’s offshore drilling moratorium, despite the fact that opposition of offshore drilling continues to rise. Part of the industry campaign is to argue that support for offshore … Read More

“A Global Laughing Stock”

June 21, 2010By Andy RowellBlog Post

The Washington Post leads this morning on how the critical players in the Gulf disaster are all hiring public relations consultants like they are going out of fashion to try and repair their battered and bruised images. BP, according to the paper, “has assembled a formidable team of Democrats for its Washington lobbying and public-relations … Read More

From Humpty Dumpty, to Mr Bean to Mr Has-Been..

June 18, 2010By Andy RowellBlog Post

Did we get any real answers from Tony Hayward yesterday when he appeared before an influential Congressional cmmittee? No Did we get the truth from Hayward, currently depicted as the most hated man in America? No All we got from Tony Hayward was stone-walling, evasion and a deadpan panto of going through the motions.