Gulf oil spill

Kiran Stacey

The BP oil spill has harmed the reputation of the entire oil industry, the chief executive of Shell, BP’s closest rival, has said. Read more

Kiran Stacey

Many thanks for all your questions for Yvo de Boer, former head of the UN climate change department and current advisor to KPMG. His answers will appear on this site on Friday.
Next week, the person in the hotseat will be Peter Voser, the boss of one of the world’s biggest oil companies, Shell. This is your chance to ask him anything you want, from the controversy surrounding oil sands, to why Shell wants to move from oil to gas, to the prospects for drilling in the Gulf following the BP spill. Read more

Kiran Stacey

The Obama administration has decide not to grant any new leases in the eastern Gulf of Mexico, off the coast of Florida, for the foreseeable future, as a result of the BP spill. Read more

Kiran Stacey

Our US energy editor Ed Crooks last night won the UK Foreign Press Association’s print and web news story of the year for his story on BP’s response to the Gulf spill.

You can read the story, which judges called a “rigorous and balanced” piece on “one of the biggest stories of the year”, here. Read more

Kiran Stacey

In February, a group of business leaders (including Richard Branson) came together to issue the government a warning: we’ve had the credit crisis, the next crisis will be a peak oil crisis.
Now they have repeated that call, with an additional warning: Macondo has made the situation even more pressing. Read more

Kiran Stacey

Here’s an interesting story from the States with potentially serious political implications.

The US interior department’s inspector general has carried out an investigation into why the government’s moratorium on deepwater drilling in the Gulf of Mexico, implemented in the wake of the BP oil spill, looked like it had been peer-reviewed, when it had not. Read more

Kiran Stacey

Tony Hayward’s first interview since stepping down as CEO of BP airs on UK television tonight. And it looks like it’s going to mark another fascinating chapter in the terrible story of the Gulf oil spill. Read more

Sheila McNulty

Today’s public hearing by the National Oil Spill Commission has been a good education for anyone who has read bits and pieces about the various investigations into the explosion of BP’s Macondo well, but still felt they did not have a complete understanding of how the whole drilling process works. Read more

Kiran Stacey

So BP will restore its dividend next year, it seems, but at a significantly lower than what it used to pay. For a highly cash-generative company which is currently in the process of divesting many of its growth assets, is this a good idea?
The answer, from the City at least, is a resounding yes. Read more

Kiran Stacey

Energy analysts are still digesting news from the US last night that the US National Commission investigating the Macondo oil spill had found that both BP and Halliburton had known about problems with the cement used to seal the well, but did not act on the information. Read more