BP: Report to Heavily Criticise Safety Performance

January 16, 2007By Andy RowellBlog Post

A scathing report will be released today that criticizes safety and management practices at BP’s American operations, after an investigation at a Texas refinery nearly two years ago which killed 15 people and injured more than 170 others. The report, by James Baker, the former US Secretary of State, will state: “BP has not always … Read More

BP Punished By Investors

January 9, 2007By Andy RowellBlog Post

BP’s shares have declined by over 3 per cent this morning on the news that its oil and gas production fell further than expected in the past three months, partly as a result of its beleaguered Alaskan operations. The news pulled the whole British energy sector down by more than 1%.

BP Slashed Budgets, Despite Safety Warnings

November 2, 2006By Andy RowellBlog Post

The scale of BP’s safety problems have been highlighted with the publication of the U.S. Chemical Safety and Hazard Investigation Board’s (CSB) preliminary findings into the company’s Texas refinery fire that killed fifteen people. The Board found that top officials at BP allowed widespread budget cuts at the refinery even though they were well aware … Read More

Carlyle Group Eyes Libya

September 25, 2006By Andy RowellBlog Post

US companies are thinking of moving back into the Libyan oil and gas market. US private equity giant Carlyle is in talks to acquire Libya’s state-controlled oil refining and marketing operation, Tamoil. Al-Saadi Gaddafi, the son of Colonel Muammar Gaddafi, has confirmed that Carlyle is one of four or five groups involved in an international … Read More