Eni Looking for Iraq Return
ENI’s chief executive Paolo Scaroni said he is “certain” the company will return to doing business in Iraq as soon as it is safe to do so, because it represents such an “opportunity”. "What we know for sure is that...
Search results
Select Date Range
2026
2026
The Back-Yard Oil Boom
Oil prices are going up, food prices too. And so are the number of oil wells being drilled in the US. According to the American Petroleum Institute, more than 17,000 new oil wells were tapped in 2007, the most active...
US Sued over Failure to Protect Polar Bear
The US government agency responsible for compiling the country's list of endangered species yesterday faced a new legal challenge over its failure to protect the polar bear. Environmental groups are suing the Bush administration in a federal court in California,...
Blair to Save the Climate….
One can only be highly skeptical about the news that Tony Blair is to lead a new international team to try to tackle the intractable problem of a deal on climate change which has the backing of both China and...
Fat Profits, But Big Oil is Shrinking
Over the next few days more oil companies will announce obscene profits. But as the headlines are taken by calls for a windfall tax, the real story is one that has been brewing for some time. Big Oil can’t find...
EU “Should Ban Inefficient Cars”
No that is not some long-haired environmentalist speaking, but the ex-chairman of Shell, Sir Mark Moody-Stuart. He is arguing that the EU should ban the sale of cars that do under 35 miles to the gallon (good thing his is...
BP: We’re Not Going Nuclear
Things may be bad for BP, but at least the company is not going to go nuclear. The oil major has confirmed it will not enter the nuclear power business, despite a dearth of opportunities in conventional oil and gas...
Shell Calls Force Majeure on Nigerian Operations
You can see why Alaska is so attractive for Shell. Its only got a few polar bears in its way, rather than thousands of locals who oppose its operations. The company’s Nigerian arm said that 130,000 barrels per day (bpd)...
Exxon Expresses Interest in Iraq’s Oil
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...
Shell Bids Over $2 Billion for Alaskan Oil Leases
Stuff the bears lets get drilling – that’s the message from oil giant Shell, which has emerged as the highest bidder for 275 lease blocks in the Chukchi sea offshore northwest Alaska. Shell’s bids amounted to $2.1 billion of the...