PetroChina is pulling out of a US$3.8 billion Alberta to British Columbia pipeline project that would have supplied crude oil to China from Canada's oil sands. Yiwu Song, vice president of China National Petroleum Corp., PetroChina's parent company, said the...
Well it was on the cards that with a change in leadership came a change in direction. Tony Hayward, chief executive of BP, is planning a cultural shift at BP by playing down Lord Browne’s emphasis on the environment and...
Basra, Iraq – On Monday, hundreds of Iraqis, led by the Iraqi Federation of Oil Unions (IFOU), took to the streets of Basra to demand that the Iraqi Parliament reject the proposed Oil Law. [1] Simultaneous demonstrations took place in...
Nigerian President Umaru Musa Yar'Adua has warned that oil companies operating in Nigeria must be made to pay heavy fines for oil spills caused by them. Taking a much stronger line than any of his predecessors, the President said that...
BP has reported a 13 per cent fall in second-quarter profits, on the back of a decline in oil production and operational problems at the company’s US refineries. Like all the oil majors BP is struggling to find new reserves....
The controversial Iraqi oil law seems to be in real trouble. Tariq Shafiq, who runs a petroleum consulting firm in London and offered his advice to the Iraqi government, has said that ``there is no sign of a compromise'' that...
The day after being attacked by Tony Blair for its reporting, the Independent newspaper once again leads on a story of huge importance. The paper looks at how leading scientists have criticized BP’s Annual Review of the world's remaining oil...
An oil-industry spin doctor is probably not high on peoples’ list of trustworthy people. Probably ranking even lower than real estate agents, journalists and politicians. So you should always take what they say with a large does of salt….especially when...
The US Senate passed a broad energy bill late yesterday that will require the first big increase in fuel mileage requirements for passenger cars in American in more than two decades. The vote, 65 to 27, was a major defeat...
European environment ministers have agreed to revise the EU's CO2 emissions-trading (ETS) scheme with the aim of clamping down on weak caps proposed by member states and ensuring that all significant emitters pay the right price for their pollution. Late...
