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...
The oil and gas industry will need as much as $21.4 trillion in capital expenditures between now and 2030 to meet sharply growing global demand for hydrocarbons forecast by experts, according to analysts. Larry G. Chorn, the chief economist for...
And so the debate about Iraq’s oil wrangles on. The New York Times reports that a senior US State Department official in Baghdad has said the first American oil contract in Iraq - that of the Hunt Oil Company of...
Iran has warned France it is prepared to go ahead with a major gas project with Total using Iranian firms alone if the French oil giant gives in to political pressure and does not swiftly implement the deal. 'I have...
The Russian mid-sized oil firm Tatneft has given Shell’s operations in Russia a boost by choosing it as its partner in developing vast deposits of heavy bitumen oil in the Volga region in the republic of Tatarstan. Although no specific...
As oil prices continue to rise, Iran has warned that OPEC would not allow itself to be pressured by consumers in the face of rising oil prices, saying current record crude highs were good for oil exporting countries. 'The talk...
A Canadian government-appointed panel reviewing Alberta's energy royalties has called for the oil-rich Canadian province to increase its total take from the energy industry by 20 percent a year, or roughly $2 billion Canadian (US $1.97 billion). The report by...
As oil prices hit another record, breaching the $81 a barrel mark for the first time, there is yet another warning that the oil price is likely to hit US$100 a barrel by the end of next year. This is...
Stupid Idea number two. Good article by Dan Woynillowicz from World Watch on the growing importance of Canada’s tar sands, especially to the US. If you thought coal to oil (see blog below) was stupid, tar sands is much worse....
