Gazprom’s Oil Response Plan “Illegal”

August 15, 2012By Andy RowellBlog Post, Featured

Much of the focus recently about the dangers of Arctic drilling has focused on Shell’s plans to drill off Alaska. But let’s not forget about the real and growing dangers to the Russian Arctic too. Once again it seems that the oil industry is not prepared for the risks of a spill and maybe operating … Read More

Lloyds Warns of Arctic Drilling Risk

April 16, 2012By Andy RowellBlog Post, Featured

Late last week, the Russian President Vladimir Putin outlined plans to create “globally competitive conditions” to attract foreign investment in Russia’s largely unexplored Arctic. “Offshore fields – especially in the Arctic – are without any exaggeration our strategic reserve for the 21st century,” Putin told a meeting attended by the heads of Rosneft and Gazprom. … Read More

Exxon Beats BP to Arctic Prize

August 31, 2011By Andy RowellBlog Post, Featured 1 Comment

It will not just be Bob Dudley from BP who will be aghast at the news that Exxon and Rosneft have signed a historical deal to develop Arctic oil reserves, but many people from Alaska too. Just months after BP failed in a bid to form a strategic alliance with Rosneft, ExxonMobil has outsmarted its … Read More

And for Shell We Present an “Erratum”

May 18, 2011By Andy RowellBlog Post, Featured 1 Comment

Sometimes the best protests are the most simple and symbolic. Yesterday, Shell’s shareholders and senior management at the company’s AGM in the Hague were presented with an “erratum” to the company’s recent Annual Report. The spoof report by Friends of the Earth looks like a real Shell report, until you start to read it. For … Read More

BP’s Credibility in Tatters Again

May 17, 2011By Andy RowellBlog Post, Featured

BP’s long-term strategic direction and its credibility with City analysts is in tatters this morning after its bid for a strategic alliance with Rosneft, the Russian state oil champion, collapsed late last night. A year on from the Deepwater disaster, this was the deal that was meant to revitalise BP’s reputation. This was the deal … Read More

BP, the Russian Godfather & Rogue States

February 1, 2011By Andy RowellBlog Post, Featured

As BP reported a $5bn loss after Gulf oil spill, confusion reigns this morning whether the company will be able to pay its dividend in full. The company has publicly announced that it will pay a dividend for the first time since the Deepwater disaster. But Bob Dudley’s hopes of winning round the investment community … Read More

Its January, must be time for a Russian energy dispute

January 11, 2010By Andy RowellBlog Post

It’s that time of year again. It’s January, snow is on the ground (and no that doesn’t mean that climate change is not happening), it’s freezing outside and … Russia is having an energy dispute with its neighbours. Somethings never change. This time it is Belarus and the spat is about oil rather than gas, … Read More

Spat Between Russia and BP Escalates

June 24, 2008By Andy RowellBlog Post 1 Comment

Whilst the world obsesses about how the oil industry could help bring down the oil price, a growing spat is taking place that could have huge ramifications for the oil industry. It concerns the Russians and BP, with some saying the Kremlin is trying to push BP out of the country. Over the past few … Read More