Eni SpA, Italy's largest oil company, plans to jointly invest $28 billion with Libya to expand crude and natural-gas production in the North African country. The 10-year spending program will be evenly split between Eni and Libya's state-run National Oil...
The Reuters news agency is reporting that Ecuador has confirmed it will not allow oil drilling inside part of the Yasuni rainforest. The move could hurt the operations of China's Andes Petroleum, Spain's Repsol, and Brazil's Petrobras who manage oil...
Nigeria has become the latest country to signal it wants to review its contracts with international oil companies as part of a major shake-up in the energy sector. It will inevitably lead to tougher financial conditions for the oil companies....
The Wilderness Society is urging people to oppose the Bush Administration’s plans to sacrifice one of the world's most important ecosystems in Alaska. Although nearly ninety percent of this region is already open to oil and gas drilling, the ecologically...
A Darfur rebel group has claimed it has attacked a Sudanese oilfield in the Kordofan region, taking a Canadian and an Iraqi oil worker hostage, according to the BBC. The group, the Justice and Equality Movement (Jem), said it attacked...
In a worrying development, at least two people have been killed in a clash between the Nigerian navy and the militant organization, MEND. It occurred near an offshore oilfield operated by the Shell oil company. Militant groups had been observing...
In the late winter of 2006, the citizens of Burlington, Vermont prepared to elect one of five candidates to a three-year term for an open mayor’s seat. At one forum, a citizen stood up and asked, “Within the next mayoral...
Tony Hayward, BP’s fresh-faced CEO, is preparing staff for a far-reaching shake-up of the oil company as he delivered a blunt warning that third-quarter revenues would be “dreadful”. Hayward told a staff meeting in Houston he would be announcing a...
Poor old George. Like a stuck record his feeble plan for countries to set their own targets for reducing greenhouse gas emissions was widely criticized by other countries. Some delegates at a meeting of the world's top 16 polluters saw...
Kazakhstan has imposed a fine of more than half a billion dollars on an oil consortium led by Chevron, in a move that threatens to worsen the investment climate in the resources-rich Central Asian republic. The fine for ecological violation...
