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...
Quietly working behind the scenes, negotiators are hammering out a new draft Iraq oil law after previous versions of the controversial legislation stalled. "Shortly, we'll see a new draft which there is more common ground," Abdul-Hadi al-Hasani, deputy chair of...
For years they have been at loggerheads, but in a deal thrashed out with environmental groups, a Houston oil company has agreed to shut down its offshore oil production off Santa Barbara County decades early in exchange for approval this...
Oil may be at its lowest level for years, but Russian Prime Minister Vladimir Putin has warned consumers that the "era of cheap gas" is coming to an end. At a meeting to create a new forum of gas exporting...
As much of Europe shivers under unusually low temperatures, it is not only the temperatures that are plummeting. The annual spat over gas supplies and price between Russia and Ukraine has worsened overnight with four countries now reporting a complete...
OK – hands up. I admit it. Yesterday I may have been too hasty to blame the European row on Russian and Putin, when there is increasing evidence that the Ukrainians are to partly to blame too. You could argue...
On the 4th January 1993, some 300,000 Ogoni celebrated the Year of Indigenous Peoples by peacefully protesting against Shell's activities and environmental destruction of Ogoniland in the Niger Delta. It remains the largest demonstration against an oil company ever. "We...
