The London-based environmental group Platform was the first group to analyse the oil contracts in Iraq called Production Sharing Agreements (PSAs), which gave lucrative terms to the international oil companies. Now they have turned their attention to the rapidly expanding...
Earlier in the week I blogged about how British banks were under fire for their investment in the tar sands. But they are not the only ones. There are also home-grown banks investing in the destruction of their own country....
Over the last few days the blogosphere has been chewing over Obama’s offshore drilling plan and the general consensus is that, well, its a complete waste of time. The drilling will not reduce gasoline prices nor will it reduce America’s...
Remarks made by Shell CEO, Peter Voser to the Financial Times Energy Editor that his company has “clearly scaled down” its plans for a massive expansion of tar sands production should send waves of anxiety through the Canadian oil industry...
The outgoing CEO of oil giant Shell, Jeroen van der Veer, has warned of “oil spikes” in the years to come as investment in the oil industry fails to keep up with demand. "There are going to be six to...
The problem when you have been waiting years for the main prize is that if you get offered second or third best, its never going to be good enough. So when a host of international oil companies started discussions over...
Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...
A US congressional committee is to look at a gasfield development deal between the China National Offshore Oil Corp (CNOOC) and Iran to determine if US sanctions are called for against the Chinese company, Congressman Tom Lantos has said. Iran...
Here is the official news: Oil giant Royal Dutch Shell has driven the FTSE London market to a new five-and-a-half year high, as shares in the company lifted 3 per cent after its third quarter figures came in better than...
Car manufacturers in Europe were given a severe warning from the European Commission yesterday that they face stringent new laws if they fail to live up to their commitments to cut carbon dioxide emissions.European, Japanese and Korean carmakers were all...
