The violence in the Niger Delta is escalating. Fighters from the Movement for the Emancipation of the Niger Delta (MEND) today claimed to have destroyed three major oil pipelines in the region. MEND said the Italian oil firm Agip's Brass...
Further to Steve’s blog on Saturday – more on the New York Times story. Between 100,000 and 300,000 barrels a day of Iraq’s declared oil production over the past four years is unaccounted for and could have been siphoned off...
The United States is stepping up its involvement in the Nigeria to counter growing violence in the Niger Delta. Theresa Whelan, Deputy Assistant Secretary of Defense, told a conference sponsored by the Center for Strategic and International Studies that the...
Gulf governments are planning to build oil pipelines that will bypass the world’s most vulnerable energy choke point, the Strait of Hormuz, aiming to avoid possible Iranian threats to global oil shipments. Around two-fifths of the world’s traded oil is...
Chinese President Hu Jintao arrives in Moscow today, offering trade deal in return for Russian oil and gas. Hu's three-day state visit to Russia will be his third as president, showing how seriously Beijing is courting President Putin. "At present,...
Nigeria’s torrid troubles show no sign of abating with the news that gunmen attacked an Agip oil terminal, killing one person and taking four foreigners hostage. Italy's Foreign Ministry has confirmed that that three Italians and one Lebanese national were...
The death of Saparmurat Niyazov, the idiosyncratic dictator of Turkmenistan, the former Soviet republic, could trigger a new round in the fierce battle between the United States and Russia for control of Central Asia's huge oil and gas reserves. Turkmenistan...
Norway, which is the world's third largest oil exporter, has announced plans to offset the greenhouse gases produced by public employees when they fly abroad by buying emissions credits. The move was announced by Norway's prime minister Jens Stoltenberg. "The...
A report to Autralian Prime Minister John Howard has concluded that twenty-five nuclear reactors, mainly on the east coast, could be producing a third of Australia's electricity needs by the year 2050. The cost of nuclear power would be substantially...
The European Union is urging Russia and its neighbours to commit to long-term energy contracts that will guarantee them affordable oil and natural gas supplies. The appeal came on the first day of a two-day conference of officials from the...
