One person not rushing to promote any climate deal is Exxon’s CEO, "T-Rex" Tillerson, who did though admit yesterday that the planet's temperature and levels of greenhouse gases are rising. But he also said demand for fossil fuels will keep...
All the world’s extra oil supply is likely to come from expensive and environmentally damaging unconventional sources within 15 years, according to a detailed study by oil consultants, Wood Mackenzie. They have calculated that the world holds 3,600bn barrels of...
Well there are going to be some winners in this senseless war after all, and guess who it is… Big Oil. No surprises there, really... The Iraqi government is expected to pay up to $2.5 billion to five top oil...
The fighting in Basra could soon affect Iraq’s oil supplies. Oil production and exports from Iraq's southern oilfields could be disrupted in three days if workers cannot reach their offices due to fighting in Basra. "If the military operations continue...
Give a politician a minute and they will wriggle out of a supposedly steadfast commitment. Britain is seeking to change the rules governing renewable energy targets to make it easier for the UK to fulfil its commitment to promote clean...
“On April Fools’ Day, the biggest joke of all is being played on American families by Big Oil,†so said Edward J. Markey chairman of the House Select Committee on Energy Independence and Global Warming. In front of him sitting...
Venezuela's Congress has given initial approval to a windfall oil tax that extends President Hugo Chavez's campaign to increase government revenue from the oil industry. The tax will tap into private company profits amid record oil prices above $100 per...
Quietly working behind the scenes, negotiators are hammering out a new draft Iraq oil law after previous versions of the controversial legislation stalled. "Shortly, we'll see a new draft which there is more common ground," Abdul-Hadi al-Hasani, deputy chair of...
For years they have been at loggerheads, but in a deal thrashed out with environmental groups, a Houston oil company has agreed to shut down its offshore oil production off Santa Barbara County decades early in exchange for approval this...
Oil may be at its lowest level for years, but Russian Prime Minister Vladimir Putin has warned consumers that the "era of cheap gas" is coming to an end. At a meeting to create a new forum of gas exporting...
