Six Nobel Peace Prize laureates have released a statement in opposition to the proposed controversial Iraqi oil law, that some observers believe could go before Parliament as early as this week. The laureates include Betty Williams, Mairead Maguire, Rigoberta Menchu,...
Oil giant Exxon is being sued by the New York attorney general's office who claims that the company did not clean up 17 million gallons of spilled oil in Brooklyn over the past century. This amounts to some 7 million...
Nigeria's Community Research and Development Centre (CREDC) has released a study on the impacts of climate change in the Niger Delta and the adaptation strategies that the people of the Niger Delta are using to deal with growing problems. The...
Shell and Exxon’s UK subsidiary Esso have put up their selected assets in the UK North Sea for sale, following depletion in reserves, high costs and obsolete facilities. The companies have also entered into exclusive negotiations with UK oil company...
China’s oil giant, PetroChina is planning to raise $6 billion in a listing of new shares in Shanghai, to finance oil exploration and overseas acquisitions. The company has also recently announced a couple of significant discoveries. Last month PetroChina, which...
Exxon Mobil and ConocoPhillips have decided to abandon their heavy crude oil projects in eastern Venezuela rather than cede majority ownership and operating control to the government. Yesterday was the deadline set by President Hugo Chavez for the six foreign...
The Americans move out and the Chinese move in. The day after Exxon and ConcoPhillips pulled out of heavy oil projects in Venezuela, the China Petrochemical Corp, known as Sinopec, the nation's second-largest oil producer, is in talks to drill...
Nigeria's new vice president visited hotspots in the Niger Delta yesterday in a bid to build confidence ahead of expected talks with local militants who have disrupted oil output and abducted foreign workers. Goodluck Jonathan was likely to visit impoverished...
McDonald's has long faced criticism over its environmental record: from excess packaging to allegations that its beef is grown on ex-rainforest land in Latin America. But now, the company is hitting back. In the UK, McDonald's has announced that the...
Can nothing go right for BP? Yesterday the company said it will shut down production of 100,000 barrels of Alaskan oil for a few days, after discovering yet another leaky pipe at a processing facility. Some 400,000 barrels of oil...
