When BP’s leak is finally plugged and the forensic examination begins into the disastrous events leading up to the spill, it should also examine the catastrophic events since the spill: and one of those will be the use of dispersants.
The use of dispersants has been heavily criticised on this blog ...
Royal Dutch Shell plc com News and information on Royal Dutch Shell . Plc Skip to Content Home Contact Us Contributors Mission Shell Blog Shell Library Will BP be bought by a US rival I doubt it Jun 30th , 2010 by John Donovan Daily Telegraph Given America’s dislike , nay hatred , of BP it would be ironic if a US company ended up buying . it By Damian Reece Head of Business Published : 7:00AM BST 30 Jun 2010 US oil company Exxon Mobil has been touted as a possible buyer of BP But that’s exactly what analysts at JP Morgan Cazenove have been postulating in a research note published on Tuesday . They describe a 133bn 90bn bid versus BP’s current value of 89bn 60bn The suitor Exxon . Mobil I’m sure Exxon’s boss , Rex Tillerson , has been watching events in the Gulf more closely than most .
, Royal Dutch Shell plc com News and information on Royal Dutch Shell . Plc Skip to Content Home Contact Us Contributors Mission Shell Blog Shell Library Exxon or Shell should buy BP for 88bn , says analyst Jun 30th , 2010 by John Donovan Daily Telegraph : BP’S share price fell by a further 2pc , after a prominent City expert suggested it should be bought by US rival Exxon Mobil in the wake of the Gulf of Mexico oil . spill By Rowena Mason Energy Correspondent 30 June 2010 A sea turtle covered in oil from the Deepwater Horizon oil spill swimming off the Grand Terre . Island Fred Lucas , an energy analyst at JP Morgan Cazenove , speculated that Exxon or Shell could swoop on the beleagured British oil giant for approximately 88bn . Exxon is the most financially strong oil company , he said ,
The Arctic poses extreme challenges to all E&P activities, including seismic acquisition and data processing. Harsh weather conditions provide a narrow weather window for seismic operations, wreck havoc with in-water acquisition equipment, and introduce unwanted noise into seismic data. These factors limit both the quantity and quality of available seismic information in the Arctic. Without access to [...]
In late May, Citigroup released a report titled New Nuclear – the Economics and Politics concluding that prospects for equity investors has further deteriorated. It lists rising nuclear construction costs and more positive long-term prospects for availability and price of natural gas among the reasons why the nuclear option remains an expensive proposition. While the [...]
A BP presentation to investors from March 2010 – a month before Deepwater – is doing the rounds on the net after being picked up by Propublica.
In fact the presentation to analysts is on BP’s own website.
The presentation shows how so much has changed for BP since the disaster – ...
We all know that criminals like to cover their tracks. And BP is no different.
On Saturday, the Anchorage Daily News – a paper that has battled BP in Alaska for a number of years a recently retired federal attorney who spent years dogging BP Exploration (Alaska).
Jeanne Pascal, who worked 18 ...
Leaders of the G-8 – an annual conference composed of the world’s eight leading industrialized nations – meeting in Muskoka, Ontario just outside of Toronto, Canada, and ahead of next weeks G-20 meeting, issued a strong statement condemning the sinking of a South Korean warship earlier this year by a ...
The industry’s PR response from Deepwater is shaping up nicely. This is the industry message:
We will give you improved safety and you give us resumed drilling. The Gulf of Mexico represents energy security and jobs for the boys to boot.
The tar sands of Canada also represent energy security, so if ...
Despite what was described two weeks ago as a candid, but cordial, conversation between President Obama and new British PM David Cameron, I found this interesting article in the CSM this weekend that I thought was worth expounding upon. And in the context of John Colbert’s prescient satirical skewering of Lord ...
To pardon the pun, but the tide is turning. Soon everything could be back to normal.
There is an aggressive lobbying campaign by the oil industry to overturn Obama’s offshore drilling moratorium, despite the fact that opposition of offshore drilling continues to rise.
Part of the industry campaign is to argue that ...The Washington Post leads this morning on how the critical players in the Gulf disaster are all hiring public relations consultants like they are going out of fashion to try and repair their battered and bruised images.
BP, according to the paper, “has assembled a formidable team of Democrats for its ...
Excerpted from Hart’s EAGE Show Daily… ION has found itself immersed in one of the hottest E&P plays of the last two decades – unconventional shale development. Since 2003, ION’s GX Technology group has processed more than 12,000 square miles of unconventional shale data from around the world. In recent years, ION has extended their [...]Did we get any real answers from Tony Hayward yesterday when he appeared before an influential Congressional cmmittee? No
Did we get the truth from Hayward, currently depicted as the most hated man in America? No
All we got from Tony Hayward was stone-walling, evasion and a deadpan panto of going through ...Twice in the last several days we've been reminded of the uphill struggle we face in the US to separate oil and state. First, on Tuesday, the US Senate actually defeated a proposal that would have eliminated some oil industry subsidies. Then, earlier today, Representative Joe Barton actually apologized to ...[caption id="attachment_4922" align="alignleft" width="169" caption="BP"][/caption]
Yesterday was yet another gaffe from BP, but thankfully it was not yet another one from the company’s CEO Tony Hayward.
This time it was the company’s chairman who was speaking to the media for the first time. As he left the White House, BP's chairman Carl-Henric ...
Excerpted from the EAGE Show Daily… The seabed market segment has always been one that never quite gets the headlines compared to its big marine brother, towed streamer. However, there are signs of change. While the industry as a whole is just now starting to see signs of recovery from the global economic downturn, the [...]
Is this what the beginning of the end of the oil age looks like?
Millions of gallons of oil continue to pour out across the Gulf, devastating wildlife and countless livelihoods, from tourism to fishermen.
Thousands of people are employed scooping, skimming, burning and mopping up oil in a largely fruitless gesture.
All ...
Electrons passing through international electricity networks follow the complicated physics of meshed alternating-current grids and do not respect price-zone borders. Correspondingly, scheduling power plants on the basis of national prices without taking into account the real physical networks within and between countries makes it necessary for the system operator to take non-market measures to ensure [...]
ION launched its Collaboration in Action (CIA) campaign today, to coincide with the start of the EAGE conference and exhibition in Barcelona. In recent years, ION has increasingly been called upon by its E&P customers to design and deploy purpose-built seismic solutions that address their most pressing imaging and operational challenges, including deepwater subsalt [...]
The above image is from a CNNMoney article, the full text of which is accessible here. Share/Save
World Cup 2010 begins today in South Africa. Tomorrow’s game of the day in ION Land features England vs. the United States. Anxiety on both sides of the pond is heightened at the moment, driven as much by the BP oil disaster in the Gulf as from the upcoming match. I’m betting on the favored English squad to get [...]
SHANGHAI — The cost of doing business in China is going up. Coastal factories are increasing hourly payments to workers. Local governments are raising minimum wage standards. And if China allows its currency, the renminbi, to appreciate against the United States dollar later this year, as many economists are predicting, ...