Is Rosneft about to buy its first foreign refining assets? That is the speculation doing the rounds today as Venezuelan president Hugo Chavez arrived in Moscow on a state visit. Talks with Russia’s leaders will focus on plans for cooperation between the two countries, including in the energy sector. Read more
Total’s top table was the place to be sitting at last night’s Oil and Money dinner at the Dorchester Hotel in London.
Delegates kept wandering past to congratulate Andrew Gould (right), the chairman and chief executive of Schlumberger, for being awarded the Petroleum Executive of the Year Award – the first service company to receive this award. Read more
It’s a return to business as usual for BP. The UK oil group is raising more than $2bn in its first bond sale since the Deepwater Horizon accident in the Gulf of Mexico on April. The company’s last significant sale was last August when it raised $2bn. Read more
Shares in Cairn Energy are up 2.95 per cent to 439.40p this afternoon in London after the Edinburgh-based oil and gas explorer said it had found oil off the shores of Greenland. The company, led by founder Sir Bill Gammell, has been drilling there since early summer. Read more
It’s a big milestone but it’s not the end of the story.
152 days after the accident on April 20 in the Gulf of Mexico which killed 11 workers and led to the worst environmental disaster in US waters, BP on Sunday finally sealed its ruptured Macondo well. Read more
Prepare for a media scrum next Wednesday. Tony Hayward, BP’s outgoing chief executive, will be grilled by the Energy and Climate Change Select Committee next week as part of its inquiry into the risks of deepwater drilling in the UK following the company’s oil spill in the Gulf of Mexico. It will be Mr Hayward’s first appearance in public for several weeks and will no doubt be watched closely not just by the rest of the oil industry but also by lawmakers in the US. Read more
BP will publish its report into the Gulf of Mexico spill on Wednesday. It should make for some very interesting reading. Read more
Cairn Energy has been forced to suspend its operations on one of its rigs in the Arctic after four Greenpeace campaigners scaled the rig early on Tuesday morning in a bid to stall oil drilling in the region. The UK oil and gas explorer has plans to drill four wells off Greenland’s west coast, but the recent BP oil spill in the Gulf of Mexico has raised fears over the risks of offshore drilling. Greenpeace’s interruption may only be temporary this time but expect more protests over the coming weeks. Read more