Multilateral development banks concluded a two day conference in London yesterday on “Financing Clean Energy”. Non-governmental organizations were generally shut out of the meeting, restricted to a handful of participants, but a long list of oil and energy companies were...
BP conceded defeat in the auction yesterday of a $7.6 billion stake in Rosneft that had been held by the bankrupt company Yukos. This allowed the state oil company to buy its own stock at a 10 per cent discount...
A pair of recent articles from UPI correspondent Ben Lando, here and here, flesh out the details as to the importance of Iraq's oil unions and their long and storied past. The unions, which have been cut out of the...
Oil giant Shell has been repeatedly warned by the UK authorities about the poor state of its North Sea platforms. The company's dismal record undermines Shell's public commitment to improve its performance after a fatal explosion on the Brent field...
On February 23rd, the community of energy activists lost one of our earliest and clearest voices for change in the oil industry. Robert Engler, whose many books included the seminal and prescient Brotherhood of Oil passed at his home in...
Oil giant Exxon Mobil says it will spend some of its record profits on over 20 new global projects in the next three years. The investments are expected to add one million oil-equivalent barrels a day to the company's volumes...
The State oil company of Mexico, Pemex is in trouble, reports the New York Times. Its production and proven reserves are falling, and it has no money to reverse the slide. This is important for the US because Mexico is...
Although the United States and EU have imposed economic sanctions on Burma (Myanmar) in recent years as a result its appalling human rights record, this has not stopped oil companies investing in the country. Two little-known foreign companies have signed...
BP’s Chief Executive, Lord Browne, was not interested in safety issues at the oil company’s American plants, according to evidence to an internal investigation into the Texas City refinery explosion, in which 15 people died and 180 were seriously injured....
Leaders of Iraq’s labour movement have criticised government plans to “hand control” over the country’s oil production to multinational companies. At a meeting in Amman, Jordan, late last week, leaders of Iraq’s five trade union federations called for a fundamental...
