Tullow Oil is "approaching the finishing line" in talks with the Ugandan government to resolve a tax dispute that has held up plans to bring in new partners to exploit its oil reserves there. Tullow expects to reach an agreement...
We are on the path to climate chaos, Big Oil has admitted. Both BP and Exxon have conceded that progress on climate change is totally insufficient to stabilize CO2 emissions. Both oil companies have just published their Energy Outlooks, and...
This post is cross-published from ProPublica. Congress isn’t going to regulate hydraulic fracturing any time soon. But the Department of Interior might. [2] For starters, Interior is mulling whether it should require drilling companies to disclose the chemicals they use...
Is a key valuation metric used by analysts to assess oil companies pushing big oil towards riskier and riskier projects? Those of us outside the financial sector may not be too familiar with acronyms such as RoACE, NAV or RRR....
For 300 long years Greenland has been part of Denmark. Denmark pumps $620 million into Greenland's anaemic economy every year—more than $11,000 for each Greenlander. But this may be all about to change. In November 2008 its citizens voted overwhelmingly...
We know that BP was to blame for the Deepwater Horizon. So too was Transocean and Halliburton. So too was the failed regulatory regime, which was tasked with maximising revenues for drilling at the same time as being responsible for...
We already know that the official Commission into the Deepwater disaster criticised BP for systematic management failures. But the Commission is set to criticise the Obama administration later today when the full and final report is launched at the National...
Who would be a BP shareholder? Last week the company's shares surged on the fact that the National Commission into the Deepwater disaster had not provided clear evidence of BP’s “gross negligence” into the spill. It could have been construed...
Despite the ongoing serious concerns about pollution from hydraulic fracturing or fracking in the US, the technology is set to be used in the UK too. Such is the concern in the US that the state of New York has...
As all of us consider donations for the end of the year, here's one acknowledgment letter that you should receive, but won't: Dear average American taxpayer, As 2010 comes to a close, your friends in the oil industry would like...
