Iraq's crude oil shipments to the United States have fallen to the second lowest monthly level in almost four years, the U.S. Energy Department has confirmed. Iraq exported 341,000 barrels of crude oil a day that month to the U.S....
Such is the continued division over Iraq’s controversial oil law it is now unlikely to be passed before September, when the Bush administration must report to Congress on Iraq’s progress toward meeting certain legislative benchmarks. The report is expected to...
As part of Global Cool’s campaign to raise awareness of climate change in India, Hollywood celebrity actress Sienna Miller has joined forces with Indian superstar Amitabh Bachchan to urge Indians to do more to curb global warming. The Hollywood actress,...
A coalition of about 30 U.S. development and environmental NGOs called on President Bush today to stop standing in the way of a landmark deal on climate change at the upcoming G8 Summit in Heiligendamm, Germany. The coalition, which includes...
BP has secured a $900m (£455m) gas exploration deal with Libya, in a sign of Tripoli’s transformation from pariah to attractive investment destination for UK and US companies. Tony Hayward, BP’s new chief executive, described the agreement as the group’s...
President Hugo Chavez has set a May 1 deadline for an ambitious plan to wrestle control of several major oil projects from American and European companies. So a showdown seems inevitable, with officials warning that they might sell American refineries...
Four years ago this week, American tanks headed into Baghdad. At the time critics of the war said it was about oil. But those voices were dismissed. Then came Iraq's Oil Law which essentially hands control of much of its...
Interesting article in today’s New York Times about the industry’s latest techniques to get more oil out of the ground and how this might mean that the peak oil pundits are wrong, as more and more oil is being recovered...
Shell plans to launch a new fuel made from wood chips and straw later this year from a pilot plant developed by Shell and Choren Industries, the German biofuel company. The synthetic diesel, made using a novel biomass-to-liquids (BTL) process,...
The South Korean businessman Tongsun Park, has been sentenced to five years in prison for accepting at least $2 million to work on Iraq's behalf to influence the UN oil-for-food program. Park was sentenced by US District Judge Denny Chin...
