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...
BP may be paying out money faster than its going out of fashion for the Gulf of Mexico spill, but its arch-rival Shell is still not ready to part with its cash. Yesterday, the oil giant’s Nigerian subsidiary, SPDC, announced...
Anyone listening to the news reports this morning would be forgiven for thinking that the Deepwater disaster is somehow “over” now that that the cap seems to be holding. So nearly ninety days in to this disaster we may be...
The weekend’s euphoria that BP may have stopped the oil leaking into the Gulf has been replaced by the cold reality that the well head may still be leaking. The US government has now ordered the beleaguered oil company to...
As BP prepared over the next few days to permanently seal its Macondo well, there is growing evidence that its use of dispersants is going to have severe political, ecological and legal ramifications. The political fall-out from their use intensified...
As Congress begins August recess, those of us who care about America’s addiction to oil, climate change, and a clean energy future have been scratching our heads, wondering why, after historic levels of pressure we can’t even pass an oil...
So the UK Coalition government between the Tories and Liberal Democrats is 100 days old this week. While this political milestone is somewhat meaningless, it does give political commentators a moment to measure how things are going. When British Prime...
Three years after Russian divers thrust a rust-proof flag into the seabed below the North Pole, the country’s Prime Minister, Vladimir Putin, will attend the Arctic Forum in Moscow today. Putin wants to stake Russia’s claim in the increasingly frantic...
Are investors put off by the risks of ultra deepwater drilling after the Deepwater Horizon disaster? If the frenzy down in Brazil is anything to go by – the answer is a staggering no. Brazil’s national oil company, Petrobras, has...
In the middle of potentially America’s worst environmental disaster, BP is attempting to squarely shift the blame for the Deepwater Horizon disaster from itself to Transocean. As BP’s CEO Tony Hayward prepares to meet key Congressmen in Washington today, you...
