Although oil production on the North Slope is in steady decline, its largest operator, BP, remains bullish about the future because of the region's untapped resources. BP says the region is teeming with enough natural gas and heavy crude oil...
The costs of developing major oil sands projects in Alberta are spiralling ever higher, as a consortium led by Petro-Canada estimated yesterday that the first stage of its Fort Hills development will cost a huge $14.1-billion. The project - the...
Here is the official news: Oil giant Royal Dutch Shell has driven the FTSE London market to a new five-and-a-half year high, as shares in the company lifted 3 per cent after its third quarter figures came in better than...
Independent investment analysts “Investment U” are promoting Alberta’s oil sands as a “win-win” investment opportunity. They say: “the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia”. Oil producers...
BP's pipes in Alaska might be leaking like a sieve, but its coffers are nice and healthy. North Slope crude oil closed above $70 a barrel for the first time on Wednesday – on the back of concerns about Iran...
More greenwashing from Shell. The company has just released it Sustainability report for 2005. Shell and sustainability you might reason is a contradiction in terms. Not so, argues the company. The report is part of is “continuing dialogue with stakeholders,”...
The Persian Gulf states need to pump $523 billion over the next 25 years in exploration and production to meet a steady growth in global demand, according to the Abu Dhabi-based Emirates Centre for Strategic Studies and Research in a...
The Keystone XL Pipeline's social cost of carbon could be as much as $100 billion per year. Until government agencies properly account for the cost of climate change caused by major fossil fuel infrastructure, projects like Keystone XL will continue...
KXL’s supporters have been quick to promote the oil train tragedy in Quebec arguing that the disaster proves that transporting oil by pipeline is safer.
Late last week on the eve of the Durban climate talks, the British Climate Change secretary, Chris Huhne boasted that Britain was showing “leadership” in the UN negotiations. But whilst Britain is bragging about leading the climate change fight, it...
