Oil giant Exxon Mobil says it will spend some of its record profits on over 20 new global projects in the next three years. The investments are expected to add one million oil-equivalent barrels a day to the company's volumes...
The State oil company of Mexico, Pemex is in trouble, reports the New York Times. Its production and proven reserves are falling, and it has no money to reverse the slide. This is important for the US because Mexico is...
Although the United States and EU have imposed economic sanctions on Burma (Myanmar) in recent years as a result its appalling human rights record, this has not stopped oil companies investing in the country. Two little-known foreign companies have signed...
BP’s Chief Executive, Lord Browne, was not interested in safety issues at the oil company’s American plants, according to evidence to an internal investigation into the Texas City refinery explosion, in which 15 people died and 180 were seriously injured....
Leaders of Iraq’s labour movement have criticised government plans to “hand control” over the country’s oil production to multinational companies. At a meeting in Amman, Jordan, late last week, leaders of Iraq’s five trade union federations called for a fundamental...
PetroChina, the country’s largest oil company, has signed a 25-year agreement to buy three million tons of liquefied natural gas a year from Iran to supply terminals it plans to build on China's northern coast. Gas deliveries will start in...
A quiet revolution is taking place in Louisiana, courtesy of company you have probably never heard of: Cheniere Energy. With help from Exxon Mobil and others, Cheniere are building three new liquefied natural gas terminals that will double America’s capacity...
This week the EU will reveal new allocations for the next phase of the Europe-wide greenhouse gas emissions trading, a market worth 12 billion Euros and covering 11,000 installations throughout Europe. Since it was introduced many people have argued that...
Angola and Sudan have followed Ecuador in saying they may join Opec, a move that would boost the power of the oil cartel, add impetus to resource nationalism and put international oil companies on their guard. Angola, Sudan and Ecuador...
Just as we get the good news of Arnie signing an historic deal on climate change in California, there are more dire predictions on the issue from the scientists. This time from Professor Peter Cox, of Exeter University in the...
