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....
Just over twelve years ago, the Ogoni activist and writer Ken Saro-Wiwa was murdered by the military junta in Nigeria for campaigning against the ecological destruction of his homeland and for asking for a greater share of the oil wealth....
Thousands of people hit by South Korea's worst oil spill have staged a protest rally in central Seoul to demand swift compensation. Some 3000 marine farmers and other residents dramatised their plight by displaying oil-coated oysters, fish, anchovies and seaweed....
All the signs have been there for a while, but now the head economist of the International Energy Agency, Fatih Birol has succinctly articulated the growing crisis for the oil majors. They are doomed to become “niche players” in the...
Business Week has picked up on a growing conundrum for the oil industry. Even as oil prices soar, earnings at Exxon, BP, and ConocoPhillips are coming back down to earth. Are lower profits here to stay? Yesterday, ExxonMobil, the world's...
The CEO of Hunt Oil, Ray Hunt has defended his ties to the Bush family and the Republican Party saying they didn't help his company get a deal last month to explore for oil in Iraq’s Kurdish region. The agreement,...
Anyone who thinks the US is not interested in Iraq oil should read this Washington Post article that the US Commerce Department is seeking an international legal adviser. Their job will be to help the government over passing of Iraq’s...
The shop around the corner raised the price of sandwiches by a quarter this week. Although the housing meltdown is raising concerns that it may take the whole American economy down with it, prices are going up and the reason...
Ethiopia's Ogaden rebels warned oil companies interested in the volatile but energy-rich region not to be lulled into a "false sense of security" by the government, saying their forces were well armed. The Ogaden National Liberation Front (ONLF) carried out...
Yesterday it was reported that the Chinese had struck a deal to explore for oil in Somalia. Today, Somalia's interim prime minister has said he is not aware of any deal being struck. Ali Mohamed Gedi's comments are being interpreted...
