Reporting back from Senator Boxer’s first hearing as chair of the Senate Environment and Public Works Committee, which included in-person or written statements (all of which will be made publicly available by the Committee) from approximately a third of the...
Oil giant BP has reported record profits of $22 billion, although its fourth-quarter profits decreased. Hit by lower production, the group's profits for the final three months of the year fell by 12% to $3.9bn, against $4.4bn a year ago,...
Shell is gearing up for an "aggressive" 2007 offshore exploration programme in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells. "We like Alaska. It's part of the United States. We have a lot...
One person not rushing to promote any climate deal is Exxon’s CEO, "T-Rex" Tillerson, who did though admit yesterday that the planet's temperature and levels of greenhouse gases are rising. But he also said demand for fossil fuels will keep...
All the world’s extra oil supply is likely to come from expensive and environmentally damaging unconventional sources within 15 years, according to a detailed study by oil consultants, Wood Mackenzie. They have calculated that the world holds 3,600bn barrels of...
Well there are going to be some winners in this senseless war after all, and guess who it is… Big Oil. No surprises there, really... The Iraqi government is expected to pay up to $2.5 billion to five top oil...
The fighting in Basra could soon affect Iraq’s oil supplies. Oil production and exports from Iraq's southern oilfields could be disrupted in three days if workers cannot reach their offices due to fighting in Basra. "If the military operations continue...
Give a politician a minute and they will wriggle out of a supposedly steadfast commitment. Britain is seeking to change the rules governing renewable energy targets to make it easier for the UK to fulfil its commitment to promote clean...
“On April Fools’ Day, the biggest joke of all is being played on American families by Big Oil,†so said Edward J. Markey chairman of the House Select Committee on Energy Independence and Global Warming. In front of him sitting...
Venezuela's Congress has given initial approval to a windfall oil tax that extends President Hugo Chavez's campaign to increase government revenue from the oil industry. The tax will tap into private company profits amid record oil prices above $100 per...
