Iraq's cabinet has given the green light to the Oil Ministry to sign agreements with international oil companies to help increase the nation's crude output. The two-year deals, known as technical support agreements, or TSAs, are designed to develop five...
Although Nigeria passed legislation last year establishing an independent body the to make sure that oil majors pay the necessary royalties and taxes, anti-corruption activists are saying the law is not strong enough to fully clean the industry. Under the...
Remember when we used to talk about how the war in Iraq was about oil? Remember the banners that read "No blood for oil?" Oil has fallen out of the discussion lately, but it's time to bring it back in...
The world may not be able to afford more oil drilling, but that won’t stop the madness in Alberta continuing. The Canadian oil industry is poised for record year with 2008 profits rising 18 per cent to nearly $23 billion,...
Russian state oil company Rosneft will increase output by a half by 2020 due to new assets and fields, according to its head as it aims to become the world’s top listed oil producer. Sergei Bogdanchikov said Rosneft will produce...
Coffee farmers in Uganda are worried that climate change is damaging production of coffee, Uganda's biggest export. "Global warming will be very dangerous for my coffee," says one 33-year-old coffee farmer Emmanual Kawesi, explaining that more sunshine and less rain...
You can see why Alaska is so attractive for Shell. Its only got a few polar bears in its way, rather than thousands of locals who oppose its operations. The company’s Nigerian arm said that 130,000 barrels per day (bpd)...
And so it goes on. Three soldiers and eight militants were killed over the weekend in a gun battle at an oil pipeline hub operated by Shell in Nigeria's southern state of Bayelsa. Shell said the Tora manifold, which sends...
A new report says the Iraqi Government could earn an extra $19.2 billion of revenue this year as a result of higher crude oil prices and the revival of the country's own oil industry. The prediction is suggested by figures...
For those worried about oil sands development in Alberta in Canada and what they will do to the climate and environment, they might also have to start worrying about events closer to home. Analysts say the lower 48 U.S. states...
