It’s been a long time in coming, but China has overtaken the US as the world's "biggest polluter" of carbon dioxide. According to a report to be published next month by a team from the University of California team, China’s...
Britain agreed to bankroll controversial drilling for oil and gas off Russia’s Sakhalin island, despite a warning from its own officials of the “potentially devastating effects†on a critically endangered species of whale. The decision to flout their own experts'...
Kazakhstan is making the international oil majors twitchy by saying it may impose a crude oil export duty as soon as mid-2008 to stabilise supplies on the domestic market. According to the Deputy Energy Minister Lyazzat Kiinov, the government is...
Iranian President Mahmoud Ahmadinejad is stirring the pot again. As the dollar continues to fall, he is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars. Ahmadinejad told OPEC Secretary General Abdalla Salem...
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...
There is something absurdly ironic when climate change caused by the oil industry leads to the melting of ice, which in turn leads to more land or sea being available to explore for oil and gas. The latest country to...
President Hugo Chávez has scored a significant victory over Exxon Mobil when a British court lifted a $12bn freeze on Venezuelan assets and sided with his administration against the oil giant. The ruling backed Venezuela's government in a row with...
The Economist notes that the Canadian government is now scrambling to secure an exception to The Energy Independence and Security Act 2007 over Canada’s dirty oil. "The Act bans federal agencies from buying alternative or synthetic fuel, including that from...
Ever fancied having you own oil supply on tap? Nigerian security forces have discovered a pipeline they say was used by a powerful Niger Delta gang leader to steal petroleum products from a state oil refinery. The pipeline runs from...
This is an interesting story that could have wide reaching implications. A Federal Court decision has sent Imperial Oil's $7 billion Kearl oil-sands project in northern Alberta back to a review panel over concerns over greenhouse gas emissions. Yesterday's ruling...
