Interesting article from today’s Financial Times about China’s search for oil in Africa. It states: “Conventional wisdom suggests that China's energy companies are marching across Africa, shoving aside established majors and grabbing huge oil reserves with the help of bottomless...
South Korea has declared a section of its west coast a special disaster zone, as thousands of residents, soldiers and police spent a fifth day trying to mop up the worst oil spill in the country's history. President Roh Moo-hyun...
Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than...
While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes...
Its finally happened. Oil broke through the $100 a barrel barrier in New York today as a plunging dollar, unrest in Nigeria (see below) and Algeria and a cold snap in North America pushed futures prices up by $4 a...
The New Year may be only days old, but Bloomberg reports that the “fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.” Options...
India is planning to attract investment commitments of $7-8 billion in the oil and gas sector in its seventh round of the New Exploration and Licensing Policy (Nelp) auctions. This time, the Ministry of Petroleum and Natural Gas is planning...
Just getting used to oil prices around $100 a barrel. Well Thailand's Energy Minister Piyasvasti Amranand has said that global oil prices could surge to US$200 per barrel if the United States goes to war with Iran. Speaking at a...
Nigeria is to invest $75 billion over the next five years in the oil and gas sector through joint venture partnership with oil companies and third party investment. Minister of State for Petroleum, Odein Ajumogobia made this known in Saudi...
If you sit down and enjoy a glass of wine tonight with your evening meal, you can be thankful that your car does not run on the stuff. Hugo Chavez, Venezuela’s president said yesterday that that record crude prices are...
