China Petroleum & Chemical Corp - better known as Sinopec – has signed a $3.5 billion contract with Saudi Aramco and Exxon Mobil for a refinery in southern China's Fujian province. The refinery in Quanzhou will have a crude refining...
After 20 years of isolation, Libya has become the new “destination of choice” for oil companies trying to find new reserves. "It's a race for our black gold," president of the National Oil Company Shukri Ghanem said. "We are organising...
Thank you. With your support, we are just more than a year into building an organization that is conducting strategic corporate and educational campaigns to diminish the power of the oil industry. But we need your help to keep challenging...
PetroChina, the country’s largest oil company, has signed a 25-year agreement to buy three million tons of liquefied natural gas a year from Iran to supply terminals it plans to build on China's northern coast. Gas deliveries will start in...
Matthew Simmons is well known within the industry for his predictions on peak oil. He first shot to prominence by arguing that Saudi Arabia was running out of oil and had inflated its reserves figures. His findings were published in...
Feeling a little queasy every time you fill up at the pump because of those high prices? Well you are not alone. Seven out of every ten Americans are now experiencing a real fiscal hit from higher fuel prices at...
If you thought the new Iraqi government would govern Iraq for the people, well, I''m sorry. Think again. Good article on Alternet today about who controls Iraq's oil fields. It quotes Antonia Juhasz, author of “The Bush Agenda,” who has...
Lord Browne, BP's chief executive, went against the grain of recent energy hikes and said that within a few years crude oil prices would be $40 a barrel or even lower. “It is very likely that, in the medium term,...
Given what we have been saying about BP on the site recently, it is amusing to read a a different angle from Thomas Borelli, the editor of FreeEnterpriser.com and a senior fellow at The National Center for Public Policy Research,...
As crude-oil prices hit record highs, US congressional leaders are planning to ask President Bush to order an investigation into possible price gouging by oil companies. House Speaker Dennis Hastert and Senate Majority Leader Bill Frist, plan to send a...
