Europe, Middle East and Africa Oil and Gas Correspondent
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Nov 28, 2011

Anadarko ups Mozambique gas reserves again

LONDON, Nov 28 (Reuters) – U.S. oil company Anadarko
Petroleum said its major gas finds offshore Mozambique
were around twice as large as it earlier thought, adding support
to hopes that East Africa will become another major gas
production centre.

Anadarko said on Monday that the results of its
Barquentine-3 appraisal well showed its fields had recoverable
reserves of 15 to over 30 trillion cubic feet (Tcf) of natural
gas — compared to total UK gas reserves of 9 Tcf, according to
the BP Statistical Review of World Energy.

Nov 23, 2011

Corrected: Exclusive: BP gags lawyer on oil spill lawsuit

LONDON (Reuters) – Oil giant BP has succeeded in preventing the public airing of comments from a senior in-house lawyer about lawsuits stemming from the Gulf of Mexico oil spill, as part of a legal claim of discrimination.

John Skipper told a British employment tribunal on Wednesday that he had been passed over for promotion because he was over 50 years of age, and that his case highlighted a culture of ageism at BP.

Nov 23, 2011

Exclusive – BP gags in-house lawyer on oil spill lawsuits

LONDON (Reuters) – Oil giant BP has succeeded in preventing the public airing of comments from a former senior in-house lawyer about lawsuits stemming from the Gulf of Mexico oil spill, as part of an unfair dismissals action.

John Skipper told a British employment tribunal on Wednesday that he had been passed over for promotion because he was over 50 years of age, and that his case highlighted a culture of ageism at BP.

Nov 21, 2011

Hayward vehicle completes Iraq buy, shares flat

LONDON, Nov 21 (Reuters) – The bid vehicle of former
BP Plc Chief Executive Tony Hayward and financier
Nathaniel Rothschild completed its controversial $2
billion acquisition of Kurdistan-focused Genel Energy on Monday.

An expected rise in shares of the group, previously known as
Vallares and now known as Genel Energry Plc, failed to
materialise. The stock traded up less than 1.0 percent at 1000
pence at 0805 GMT, ahead of a 0.8 percent drop in the STOXX
Europe 600 Oil and Gas index.

Nov 18, 2011

Statoil buys into Tullow’s Suriname block

LONDON, Nov 18 (Reuters) – Norway’s Statoil
has agreed to buy a stake in an exploration block offshore
Suriname from Tullow Oil, adding to the list of
international oil companies entering what industry sources say
could be a major new production province in South America.

Statoil is to buy a 30 percent interest in block 47, on
undisclosed terms, joining Royal Dutch Shell Plc and
France’s Total as an investor in a region Tullow calls
“the Guyanas trend”.

Nov 17, 2011

Kurd, Baghdad oil officials meet on Exxon spat

LONDON, Nov 17 (Reuters) – The most senior energy
officials from the Kurdish region of Iraq and from the central
government were due to meet on Thursday to try and resolve a
spat over a major oil deal involving U.S. oil major Exxon Mobil
.

Kurdish Regional Government Natural Resources Minister Ashti
Hawrami and Iraqi Deputy Prime Minister with responsibility for
energy, Hussain al-Shahristani, were due to meet at the
sidelines of a conference in Turkey, a source familiar with the
matter said.

Nov 15, 2011

BG Group names CEO candidates

LONDON, Nov 15 (Reuters) – British gas producer BG
Group Plc kicked off the race to succeed Chief Executive
Frank Chapman on Tuesday, naming three executives who it said
were being considered for the top job, while adding an external
hire was also possible.

Chapman, who has helped build BG from a UK-focussed player
into a $74 billion international oil and gas giant, will step
down before the end of 2013, the group said.

Nov 11, 2011

Exxon signs Kurd deals; Baghdad issues warning

LONDON/BAGHDAD (Reuters) – Exxon Mobil (XOM.N: Quote, Profile, Research) has signed oil and gas exploration deals with Iraq’s Kurdistan, an adviser to the Kurdish government said on Friday, in a bold step that prompted warnings from Baghdad that the move could jeopardise the company’s future in the country.

A senior Iraqi oil official said the central government knew that Exxon was in talks to explore in the region and had warned that any deal with the Kurdish Regional Government (KRG) could result in the termination of Exxon’s deal to develop the giant West Qurna field.

Nov 11, 2011

Exxon signs Kurd deals, Baghdad warns

LONDON/BAGHDAD, Nov 11 (Reuters) – Exxon Mobil
has signed oil and gas exploration deals with Iraq’s Kurdistan,
an adviser to the Kurdish government said on Friday, despite a
series of warnings from Baghdad that the move could jeopardise
other major projects.

A senior Iraqi oil official said Iraq’s central government
had been aware that Exxon was in talks to explore in the Kurdish
region and the company had been warned that any deal with the
KRG could result in the termination of its deal to develop the
giant West Qurna oilfield.

Nov 7, 2011

Failed BP deal renews pressure on CEO Dudley

LONDON, Nov 7 (Reuters) – The collapse of BP’s
planned sale of a $7 billion stake in an Argentinean unit is
Chief Executive Bob Dudley’s second failed multi-billion dollar
deal this year and has renewed investor concerns about his
vaunted turnaround of the group.

Dudley hinted last month that the oil giant could lift its
dividend next February, saying the group had reached a “turning
point” after its Gulf of Mexico oil spill. But the failed deal
now puts a question mark over those plans.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
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