The oil giant Shell faces a new accounting crisis as the ramifications become clear of its December renegotiation with the Russian authorities over its stake in the Sakhalin 2 joint venture. The company may be forced to cut oil and...
Blair may be saying that a deal on climate could be in the pipeline, but every day our politicians dither, the science gets stronger. No more so than the latest report from 2000 of the world’s leading climate scientists, who...
Poor old George. One week he tries to paint himself green, and manages to mention climate change for the first time in his State of the Union address. The next week, his administration is accused of systemic tampering with the...
Reporting back from Senator Boxer’s first hearing as chair of the Senate Environment and Public Works Committee, which included in-person or written statements (all of which will be made publicly available by the Committee) from approximately a third of the...
Oil giant BP has reported record profits of $22 billion, although its fourth-quarter profits decreased. Hit by lower production, the group's profits for the final three months of the year fell by 12% to $3.9bn, against $4.4bn a year ago,...
Shell is gearing up for an "aggressive" 2007 offshore exploration programme in the Alaskan Beaufort Sea, with plans to operate two drilling vessels and drill three wells. "We like Alaska. It's part of the United States. We have a lot...
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...
