Statoil, the Norwegian national oil company, has begun a two-year drilling programme in Arctic waters to determine the potential of Norway’s share of one of the world’s few remaining unexplored oil prospects. It also hopes to co-operate with Russian companies...
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...
Nicolas Sarkozy, the French president, has warned China that the EU could penalise cheap imports from high carbon-emitting countries in order to defend European companies that are obliged to meet strict environmental standards. In a speech to students at Beijing’s...
Interesting article in today’s New York Times about the differing Democratic and Republican long-term approaches to energy policy. “Over the next decade or two, the differences could have a major effect on billions of dollars in government spending, on the...
Internet search company Google yesterday committed hundreds of millions of dollars to renewable energy projects. Larry Page and Sergey Brin, Google co-founders, announced its initiative to produce electricity from renewable energy sources rather than coal. Mr Page said: “Our goal...
Higher royalties in Alberta will not hurt the "overall viability" of Petro-Canada oil sands projects, but some planned investment in conventional oil and gas in the province will be affected, CEO Ron Brenneman said yesterday. "At least at this point...
One hundred and fifty global business leaders have called for a legally-binding and comprehensive international deal on climate change. The statement - backed by Prince Charles - will be sent to environment ministers and heads of state ahead of talks...
In a move that is said to have surprised even some environmentalists, the US House of Representatives has put forward a $21 billion energy package, including repealing tax breaks given to oil companies in 2005. The bill will cause problems...
Indonesia – the host country for the UN climate talks - has hit out at developed countries for presenting "empty propaganda" during the talks and stalling proposals to pay to protect the world's forests. The head of the Indonesian delegation,...
Eni SpA, Italy's largest oil company, plans to jointly invest $28 billion with Libya to expand crude and natural-gas production in the North African country. The 10-year spending program will be evenly split between Eni and Libya's state-run National Oil...
