As oil prices continue to rise, Iran has warned that OPEC would not allow itself to be pressured by consumers in the face of rising oil prices, saying current record crude highs were good for oil exporting countries. 'The talk...
Iran has warned France it is prepared to go ahead with a major gas project with Total using Iranian firms alone if the French oil giant gives in to political pressure and does not swiftly implement the deal. 'I have...
China is undertaking a buying spree of oil and gas assets in oil rich Kazachstan. A year and a half ago, China’s state oil company CNPC became the main shareholder of PetroKazakhstan in a $4.2bn deal. From petrol stations to...
Although Hurricane Dean may be weakened, it is still battering evacuated oil rigs in the Bay of Campeche in the heart of Mexico's energy industry. Although weakened from its overland journey, Dean has moved over the Bay of Campeche, home...
The news outlet, Agence France-Presse, reported today that dozens of Iraqis held a demonstration in central Baghdad against the proposed Oil Law which would open Iraq's oil and gas sector to U.S. and other foreign oil companies. The Oil Law...
Petroleos de Venezuela SA, the state-owned oil company, and China National Petroleum Corp will invest over $10 billion to produce oil in the Faja del Orinoco region and refine at least some of it in China. The venture may produce...
Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual and novel solution. President Rafael Correa has startled Wall Street with talk of...
The rush to invest in Canada's oil sands is on (see yesterday's post on Shell). Marathon Oil, the largest oil refiner in the U.S. Midwest, is set to become the latest international energy player to grab a stake in Alberta's...
The battle over Iraq's controversial oil law is heating up. The country's Oil Ministry has directed all its agencies and departments not to deal with the country's oil unions, who are leading the battle against the law. The unions went...
Two stories on the impact of oil on marine mammals with environmental and Indigenous groups fighting back against the oil industry. Two environmental groups have accused the British Government of covertly sponsoring Royal Dutch Shell's Sakhalin-2 oil and gas project...
