Iraq: BP Wins the Prize
A consortium led by oil giant BP and China's CNPC has today won the contract for the vast Rumaila oil field - the largest oil field in Iraq and one of the biggest in the world. The acquisition will be...
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2026
2026
G8 Cooks Up a Good Political Fudge
First some good news: The G8 has agreed for the first time agreed that it must limit worldwide temperature rises to no more than 2C, the minimum rise to prevent irreversible climate change. The richest industrialised countries also agreed for...
Kurds Stake Claim to their Oil Reserves
This was not meant to happen. In the post-invasion planning of Iraq it was meant to be the American and British oil companies that enjoyed the spoils of war and access to the country’s lucrative oil reserves. But the Kurds...
Iraq Trade Union Threatens BP Deal
After its offer was accepted last month to develop Iraq’s vast Rumaila oil field, BP may have thought it had won the biggest prize in the country’s oil race. But it may not be over yet and BP now faces...
Copenhagen Countdown: China Tells West to Double Cuts
One thing is for sure about the negotiations in the run up to the Climate conference in Copenhagen – there is going to be intense arm-twisting and diplomatic manoeuvring. Central to any deal will be China. China is keeping up...
Copenhagen: Australia Accused of Selling-out Pacific Islands
Australia has been accused of watering down demands for radical action at the Pacific Islands States conference, that has just finished in Cairns, Australia. At the start of the conference the Pacific Island states were demanding a 45 per cent...
Lockerbie: Freedom for Oil?
Is the special relationship between the US and UK going to be stretched to the limit over Lockerbie? It is expected that this afternoon the Lockerbie bomber, Abdelbaset al-Megrahi will be freed from prison on compassionate grounds as he has...
Chinese in $2 Billion Tar Sands Deal
To paraphrase the great writer Samuel Langhorne Clemens, better known as Mark Twain: “Rumors of my death have been greatly exaggerated!" And so it is with the tar sands, one of the hottest debates in the energy industry. Its growing...
Tar Sands Lobby Launches PR Offensive
Appearances, goes the saying, can be deceptive. One of the tactics the oil industry has used over the years is the use of “front-groups” to promote its cause. Often these names are deliberately designed to confuse people or hide their...
The Next Big Thing: Shale Gas
Most people across the spectrum of the energy industry – from its critics to its most ardent supporters - believe that the days of easy oil are really over. Apart from the abundant deposits in the Middle East, which are...