Daily Archives: June 9, 2010

Carola Hoyos

It appears Canada’s oil industry has had enough of being maligned. After months of attacks from environmentalists and campaigning shareholders, the Canadian Association of Petroleum Producers, has drawn the line at designer soap. Bernard Simon reports. Read more

Kate Mackenzie

Has the US Energy Information Agency, traditionally one of the more bullish of the long-term forecasters on oil production, changed its tune?  Read more

Kate Mackenzie

The anti-foreign tone of some of the US criticism of BP over the Gulf oil spill hasn’t been helped by the company’s shortage of American nuance. Read more

Sheila McNulty

The US government has issued stronger safety requirements for oil and gas producers in the Gulf of Mexico. Most of them did not come as a surprise to industry: except the requirements for third-party verification of blow-out preventers. Read more

Aside from Obama’s kick ass comment, weighing on the share price this morning is news that 42 members of Congress have sent a letter to BP CEO Tony Hayward demanding the dividend be suspended until the spill in the Gulf of Mexico is cleaned up. Read more

Kate Mackenzie

The good news is that the early hurricane forecasts aren’t necessarily a good indicator of how bad the season will be. The bad news is, they’re worse at predicting bad seasons than good ones. Read more

Kate Mackenzie

BP’s latest update shows the rate of oil captured from the Gulf leak is continuing to rise, gradually. But while BP has committed to donating the proceeds of the captured oil, the operation is continuing to highlight the question of how much oil is still escaping.  Read more

Kate Mackenzie

Its existence has been disputed, but there now more evidence of oil plumes deep below the water surface. Read more

Kate Mackenzie

- Deepwater oil production and hurricanes

- BP oil spill, re-enacted by cats

- The climate majority

- The EIA changes its tune on oil supply

- After the credit crisis, next it will be oil

- Can BP (and its CEO) survive the oil spill? [And more] Read more

Kate Mackenzie

- Obama in scathing attack on BP chief – FT

- Oil companies must make safety pledges – FT

- Cultural failings leave BP engulfed – FT

- BP siphons off more oil – Reuters

- BP becomes lawmakers’ pinata with hearings – Bloomberg

- Probes begin into fatal gas blast – WSJ [And more] Read more