China to Search for Oil in Sudan
Here is another sign of China’s growing influence and activity in Africa. China's biggest oil company CNPC has reached a deal with Sudan to search for oil and gas in the north of the country on the coast of the...
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2026
2026
Iraqi Oil Law Is “Robbery”
Six Nobel Peace Prize laureates have released a statement in opposition to the proposed controversial Iraqi oil law, that some observers believe could go before Parliament as early as this week. The laureates include Betty Williams, Mairead Maguire, Rigoberta Menchu,...
New York Sues Exxon over Spill
Oil giant Exxon is being sued by the New York attorney general's office who claims that the company did not clean up 17 million gallons of spilled oil in Brooklyn over the past century. This amounts to some 7 million...
Coping with Climate Change in the Niger Delta:
Nigeria's Community Research and Development Centre (CREDC) has released a study on the impacts of climate change in the Niger Delta and the adaptation strategies that the people of the Niger Delta are using to deal with growing problems. The...
Shell and Exxon Sell UK Assets
Shell and Exxon’s UK subsidiary Esso have put up their selected assets in the UK North Sea for sale, following depletion in reserves, high costs and obsolete facilities. The companies have also entered into exclusive negotiations with UK oil company...
PetroChina Poised for $6bn Listing
China’s oil giant, PetroChina is planning to raise $6 billion in a listing of new shares in Shanghai, to finance oil exploration and overseas acquisitions. The company has also recently announced a couple of significant discoveries. Last month PetroChina, which...
Exxon, Conoco Drop Venezuela Oil Projects
Exxon Mobil and ConocoPhillips have decided to abandon their heavy crude oil projects in eastern Venezuela rather than cede majority ownership and operating control to the government. Yesterday was the deadline set by President Hugo Chavez for the six foreign...
Venezuela: Now the Chinese Move In
The Americans move out and the Chinese move in. The day after Exxon and ConcoPhillips pulled out of heavy oil projects in Venezuela, the China Petrochemical Corp, known as Sinopec, the nation's second-largest oil producer, is in talks to drill...
Nigerian Vice-President Visits Delta
Nigeria's new vice president visited hotspots in the Niger Delta yesterday in a bid to build confidence ahead of expected talks with local militants who have disrupted oil output and abducted foreign workers. Goodluck Jonathan was likely to visit impoverished...
McDonald’s “Goes Green”
McDonald's has long faced criticism over its environmental record: from excess packaging to allegations that its beef is grown on ex-rainforest land in Latin America. But now, the company is hitting back. In the UK, McDonald's has announced that the...