China is undertaking a buying spree of oil and gas assets in oil rich Kazachstan. A year and a half ago, China’s state oil company CNPC became the main shareholder of PetroKazakhstan in a $4.2bn deal. From petrol stations to...
Although Hurricane Dean may be weakened, it is still battering evacuated oil rigs in the Bay of Campeche in the heart of Mexico's energy industry. Although weakened from its overland journey, Dean has moved over the Bay of Campeche, home...
The news outlet, Agence France-Presse, reported today that dozens of Iraqis held a demonstration in central Baghdad against the proposed Oil Law which would open Iraq's oil and gas sector to U.S. and other foreign oil companies. The Oil Law...
Petroleos de Venezuela SA, the state-owned oil company, and China National Petroleum Corp will invest over $10 billion to produce oil in the Faja del Orinoco region and refine at least some of it in China. The venture may produce...
Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual and novel solution. President Rafael Correa has startled Wall Street with talk of...
The battle over Iraq's controversial oil law is heating up. The country's Oil Ministry has directed all its agencies and departments not to deal with the country's oil unions, who are leading the battle against the law. The unions went...
Two stories on the impact of oil on marine mammals with environmental and Indigenous groups fighting back against the oil industry. Two environmental groups have accused the British Government of covertly sponsoring Royal Dutch Shell's Sakhalin-2 oil and gas project...
Nicolas Sarkozy has begun his first visit to Algeria on his maiden tour outside Europe since his May election. The French President arrived in Algiers yesterday seeking to boost energy and military ties. He had a working lunch with Abdelaziz...
Nigerian troops have killed eight suspected militants near an Italian-operated oil field in the Niger Delta. The killings happened in Bayelsa state on Tuesday just after militant groups released 19 hostages as part of a nascent peace initiative between the...
Italian oil company, Eni has declared force majeure on 37,000 barrels a day oil shipments from Ogbainbiri flow station in Bayelsa State in the Niger Delta after the facility was attacked at the weekend. The declaration of force majeure allows...
