The growing row between Shell and the Nigerian Government over financing has taken a turn for the worse. The Nigerian Government has now scrapped an oil bonus scheme that rewarded Shell in a further escalation of the confrontation between the...
No surprises here either. Exxon Mobil said yesterday that it is interested in helping to develop Iraq's huge oil reserves. "If the Iraqi government decides it wants international oil companies to partner with them in developing their resources, Exxon Mobil...
Last October the Government of Nigeria gave the multinational oil companies in the country a firm ultimatum: “The Federal Government policy to stop gas flaring commences on Jan. 1, 2008, and any company which flares gas after that time would...
A new report comparing the environmental performance of Alberta's oilsands producers against each other has found that even the winners have little to brag about. The groundbreaking study by the Pembina Institute and the World Wildlife Fund, compares 10 operating...
Interesting move this one, which could far-reaching implications for both the oil majors and the climate as it could make it easier for people to invest in oil sands. The US Securities and Exchange Commission is looking at putting Alberta's...
Scientists have accused the oil industry of playing a decisive role in causing the devastation wreaked by Hurricane Katrina. A network of 10,000 miles of service canals dug to tap oil and natural gas around the Mississippi Delta led to...
Big oil’s timing is always, as ever, impeccable. Just stop and think for a moment. It’s the biggest climate meeting in a decade and you would think that big oil companies would be tripping over themselves to be seen to...
It’s not just oil that going through the roof. Agricultural commodities rose to multi-year highs today as traders anticipated higher demand from the expanding global biofuels industry. In Chicago, the Financial Times reports "wheat jumped 16 cents to $9.31 a...
Although one dinosaur Commonwealth leader, John Howard of Australia has thankfully been confined to history, there are others out there still grazing happily. Canadian Prime Minister Stephen Harper has been called “a saboteur” and “environmental criminal” for refusing to sign...
The wrangling over Iraq’s oil reserves continues, with no sign of the controversial Iraqi Oil Law being passed. The Kurdish regional government's oil deals with foreign companies drew sharp criticism yesterday in the Iraqi parliament, with some lawmakers saying the...
