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The Times: Turning the tables at oil jamboree

Martin Waller: City Diary
February 16, 2007

Eyebrows rose at the official dinner at the Grosvenor House to mark IP Week, the annual jamboree for the oil industry.

All the big oil companies take tables, but this year there was a conspicuous absentee. No sign of BP, the UK’s biggest company, which by coincidence, doubtless, is now emerging from its worst year ever. BP confirms that no one saw fit to book space.

Those with long memories recall that last year Lord Browne of Madingley, the BP chief executive, gave the keynote address and used it to rubbish Shell, then emerging from its missing reserves scandal.

What goes around, comes around, a lesson not lost on this year’s speaker, Jeroen van der Veer, Browne’s counterpart at Shell, who was careful to steer clear of any such triumphalism.

http://business.timesonline.co.uk/tol/business/columnists/article1392735.ece

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