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Time to kick Oil out of Football? – The Economic War, part 3

Time to kick Oil out of Football? – The Economic War, part 3

Roman Abramovich under sanctions! Chelsea up for sale! Scandal engulfs Everton FC as a key donor Alisher Usmanov is added to the UK government’s list of ‘named Oligarchs’. The Economic War has opened a new front on the pitch. Football is pulled into the Russian invasion of Ukraine just as Western corporations and the oil...
Hail to the dockworkers! A Tale of Three Tankers - The Economic War, part 2

Hail to the dockworkers! A Tale of Three Tankers – The Economic War, part 2

You can track them still on MarineTraffic.com … the MV Seacod, the MV Boris Vilkitsky and the MV Pearl. Three ghost ships of the energy system, the spirits of the Economic War. All three of these vessels broke out of the fog that normally swathes the constant trade in oil and gas. All three neared...
The Guns of Economic War – unpicking the decisions by BP to sell out of Russia

The Guns of Economic War – unpicking the decisions by BP to sell out of Russia

Far from the terrifying realities of the shelling of civilians in Kyiv, Kharkiv and other Ukrainian cities, far from the desperation of women and children trying to board trains for Poland, far from the sickening din of armour in the streets, the guns the economic war are firing. The bravery of Ukrainian citizens in resisting...
Russian Roulette - the BP and Rosneft deal

Russian Roulette – the BP and Rosneft deal

On 22nd October BP plc announced it had agreed heads of terms to sell its 50% stake in TNK-BP to Rosneft. BP’s official announcement of the proposed deal refers to Rosneft’s 2011 oil reserve replacement ratio of 127% and dividend of 25% of IFRS net income. However, there are a number of areas of concern...
Arctic Anxiety: BP, British foreign policy and the rush for polar oil

Arctic Anxiety: BP, British foreign policy and the rush for polar oil

Friday 25 March 2011: In the wake of Thursday´s arbitration ruling that has delayed BP´s Arctic alliance with Rosneft, Foreign Office minutes sourced through FoIA and a new report published by PLATFORM and Greenpeace UK reveal ongoing high-level support for BP without a formulated policy position or any public or parliamentary debate. Campaign groups are...