Maybe those people who gave the green light to invade Iraq really did have a crystal ball. Maybe five years ago they could have foreseen record energy prices and a frenzy about oil supply and demand. Because amidst all the...
Another day, another court room battle concerning big oil. This time its oil sands in the dock. Imperial Oil's (majority owned by Exxon) fight to win the right to drain muskeg at an oil sands project begins today in an...
ExxonMobil may have record a whopping $11 billion profit yesterday, but its share still fell nearly 4 per cent as analysts warned that the company might fail to grow at all in the next five years. The bottom line is...
A judge has told the US government to decide within weeks whether to list polar bears as an endangered species. The federal judge rejected the Bush administration's pleas for a further delay, and ordered it to make and implement its...
The Iraqi Oil Minister Hussein Al-Shahristani has said the country will likely drop oil service contracts with foreign companies if they don't have their proposals finalized by a June deadline and will move forward with the work on its own....
ENI’s chief executive Paolo Scaroni said he is “certain” the company will return to doing business in Iraq as soon as it is safe to do so, because it represents such an “opportunity”. "What we know for sure is that...
Quietly working behind the scenes, negotiators are hammering out a new draft Iraq oil law after previous versions of the controversial legislation stalled. "Shortly, we'll see a new draft which there is more common ground," Abdul-Hadi al-Hasani, deputy chair of...
Nigeria's plans for the reform of its state oil behemoth will be presented to President Umaru Yar'Adua by the end of April, according to the country’s Oil Minister Odein Ajumogobia. The Nigerian National Petroleum Corporation (NNPC) is a partnership with...
It seems the Iraqi and American governments are not waiting to pass the controversial oil law to develop Iraq’s oil as things are moving a pace in the oil sector. Last week, General David Petraeus called on "large Western corporations"...
The pilot of a ship that spilt 58,000 gallons of oil into San Francisco Bay killing some 2000 birds in November 2007 has been charged with criminal negligence. John Cota, who was also charged with breaking environmental laws, faces 18...
