Interesting article from today’s Financial Times about China’s search for oil in Africa. It states: “Conventional wisdom suggests that China's energy companies are marching across Africa, shoving aside established majors and grabbing huge oil reserves with the help of bottomless...
Interesting move this one, which could far-reaching implications for both the oil majors and the climate as it could make it easier for people to invest in oil sands. The US Securities and Exchange Commission is looking at putting Alberta's...
A new report comparing the environmental performance of Alberta's oilsands producers against each other has found that even the winners have little to brag about. The groundbreaking study by the Pembina Institute and the World Wildlife Fund, compares 10 operating...
A report by US watch-dog, the Government Accountability Office has concluded that the Coast Guard lacks the resources to adequately protect tankers carrying liquefied petroleum or crude oil from a possible terrorist attack. The report concluded that the Coast Guard...
India is planning to attract investment commitments of $7-8 billion in the oil and gas sector in its seventh round of the New Exploration and Licensing Policy (Nelp) auctions. This time, the Ministry of Petroleum and Natural Gas is planning...
The New Year may be only days old, but Bloomberg reports that the “fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.” Options...
More unrest for Nigeria. The main militant group in the Niger Delta – MEND or The Movement for the Emancipation of the Niger Delta - is threatening a "bloody fight" in the new year. MEND says in an e-mail statement...
Its finally happened. Oil broke through the $100 a barrel barrier in New York today as a plunging dollar, unrest in Nigeria (see below) and Algeria and a cold snap in North America pushed futures prices up by $4 a...
Whilst the political crisis and rising death toll in Kenya is gaining global attention and absorbing the media’s attitude for stories from Africa, it’s a bloody New Year in Nigeria too. Thirteen people died after armed militants attacked targets in...
While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes...
