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...
Nigeria's new vice president visited hotspots in the Niger Delta yesterday in a bid to build confidence ahead of expected talks with local militants who have disrupted oil output and abducted foreign workers. Goodluck Jonathan was likely to visit impoverished...
The US Congress has voted to brand OPEC’s efforts to control world oil prices illegal. And with support of the legislation strong in the Senate as well, President Bush could soon be thrust into the unenviable position of siding with...
A protest by Ogoni villagers at a major oil export pipeline complex in Nigeria has entered its fourth day. Villagers from K-Dere occupied the pipeline hub at Bomu, which feeds the Bonny shipping terminal, and forced Shell to shut 150...
