We are used to talking about the oil majors like Shell being in the spotlight over African oil exploration. But a smaller player is making the headlines, with a soaring share price and two African discoveries in a week: one...
In what is a truly symbolic victory for the people of the Niger Delta, the oil giant Shell has been ordered to hand over the huge Bonny oil terminal to the local population. Although details are only now becoming public,...
No let up in the chaos of Nigeria. Rebels from the Niger Delta blew up a Royal Dutch Shell pipeline yesterday, forcing the firm to cut production, helping keep world oil prices near record highs as a consequence. It was...
You can see why Alaska is so attractive for Shell. Its only got a few polar bears in its way, rather than thousands of locals who oppose its operations. The company’s Nigerian arm said that 130,000 barrels per day (bpd)...
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...
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 key US Congressional committee has voted overwhelmingly to pass a wide-ranging bill that would toughen U.S. sanctions on Iran and on companies that invest in the country. Although the bill, if passed into law, would sanction any investment in...
Top oil exporter Saudi Arabia said today Opec was striving for a “fair and stable” oil price, of around US$60 for US crude. Wary of supposed high fuel stockpiles in the world's biggest fuel consumer the United States, some Opec...
The populist Russian newspaper, Komsomolskaya Pravda, ran the headline yesterday: "Russia takes first place in oil output rankings". The story was based on OPEC figures showing that Russia is now extracting more oil than Saudi Arabia. The figures reflect a...
The UK officially announced a North Sea licensing ban on 26 November, 2025. While it was a hard fought win and a necessary first step, it still has a long way to go. Read the analysis from Oil Change International,...
