Its not a new concept that the oil majors are struggling to come up with new reserves, but its not often that it is written in black and white. Well pink, actually. Today’s Financial Times has one of its special...
I have explored enough on this blog how the perception that the Deepwater disaster would somehow be a game changer for the oil industry now looks wildly over optimistic and premature. There were always going to be winners and losers...
Earlier this month, I blogged how the tar sands lobby was trying to exploit BP’s Gulf of Mexico spill. Well the pro-tar sands argument has once again been blown out of the water by a report from the social investment...
The London-based environmental group Platform was the first group to analyse the oil contracts in Iraq called Production Sharing Agreements (PSAs), which gave lucrative terms to the international oil companies. Now they have turned their attention to the rapidly expanding...
Earlier in the week I blogged about how British banks were under fire for their investment in the tar sands. But they are not the only ones. There are also home-grown banks investing in the destruction of their own country....
Over the last few days the blogosphere has been chewing over Obama’s offshore drilling plan and the general consensus is that, well, its a complete waste of time. The drilling will not reduce gasoline prices nor will it reduce America’s...
Oil Giant BP faces a barrage of criticism from investors at today's AGM at the Excel Centre in London Docklands over the environmental cost of its controversial tar sands project in Canada. BP’s showcase presentation to investors and shareholders is...
Remarks made by Shell CEO, Peter Voser to the Financial Times Energy Editor that his company has “clearly scaled down” its plans for a massive expansion of tar sands production should send waves of anxiety through the Canadian oil industry...
The outgoing CEO of oil giant Shell, Jeroen van der Veer, has warned of “oil spikes” in the years to come as investment in the oil industry fails to keep up with demand. "There are going to be six to...
The problem when you have been waiting years for the main prize is that if you get offered second or third best, its never going to be good enough. So when a host of international oil companies started discussions over...
