Brazil is to consider joining OPEC after it has gauged the impact on its oil exports from its newly discovered giant offshore Tupi oil field. Isnard Penha Brasil said that "a membership decision will come after we know what our...
Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be...
Business Week has picked up on a growing conundrum for the oil industry. Even as oil prices soar, earnings at Exxon, BP, and ConocoPhillips are coming back down to earth. Are lower profits here to stay? Yesterday, ExxonMobil, the world's...
Anyone who read yesterday’s blog on oil sands will know it’s a fuel with serious ecological and social problems. Well, Canadian oil sands producers should brace for further bad news - this time from south of the border. David Pumphrey,...
People concerned about the environmental and social downside of the tar sands boom, should read the Guardian today, with a long feature on the “dark side” of the frontier town of Fort McMurray, which is an oil sands boom town...
Slowly but surely, it creeps ever upwards as crude oil passed the $90 a barrel milestone. The magic $100 a barrel is now only $10 dollars away as crude oil prices show no sign of slowing down. Persistent worries about...
A new US government report has concluded that climate change may produce stronger hurricanes that could disrupt U.S. oil production in the Gulf of Mexico and damage ports and pipelines along the coast that move fuel supplies. The report from...
Global coalition calls for an end to ‘oil aid’ October 19, 2007, Washington, DC. – More than 200 organisations from 56 countries are calling on the World Bank and other international financial institutions to end subsidies to the oil industry....
If relations between Russian President Vladimir Putin and George Bush were frosty then they are set to become a whole lot frostier, after he said the U.S invasion of Iraq was mainly aimed at controlling the Gulf state's oil reserves....
Eni SpA, Italy's largest oil company, plans to jointly invest $28 billion with Libya to expand crude and natural-gas production in the North African country. The 10-year spending program will be evenly split between Eni and Libya's state-run National Oil...
