As the political squabbling over Keystone XL continues to dominate the political landscape in Washington, yesterday the Senate energy committee voted 13-9 in favour of a bill that would force construction of the controversial pipeline.
In the months that followed BP’s devastating Deepwater Horizon spill in the Gulf of Mexico in April 2010, one of the biggest mysteries was what happened to the 200 millions gallons of spewed black crude.
The oil industry often prides itself in pushing the boundaries of technology. The whole fracking revolution has been driven by the industry pioneering new techniques to exploit oil and gas that was previously out of reach.
In a sign that the oil price plunge is really beginning to bite, yesterday oil giant Royal Dutch Shell announced that the company is indefinitely postponing plans to develop a new tar sands mine in northern Alberta.
The falling oil price is bound to have an impact on the most expensive forms of oil production and the tar sands is high up on the list of costly, capital-intensive sources of crude. But as the industry struggles to...
A new wave of anger, manifesting in large protests, is sweeping through Nigeria’s Ogoni region.
For years, the oil industry and its powerful friends in Congress talked of a shale gas utopia where fracking would lead to energy independence in for US.
Finally one of Canada’s leading independent tar sands producers has conceded that it is partly to blame for a series of leaks of bitumen in Alberta that have been going on for over a year.
How about some good news for a change? The end of the dominance of the oil age could be sooner than you think.
Shell has become the latest western company to cease its activities in Russia due to sanctions imposed on Russia over Ukraine. The oil giant has suspended its operations with its joint venture partner Gazprom Neft to frack Russian shale oil.
