Today, its Top Kill or bust. Never have the stakes for BP been higher. Latest estimates are that the company could face up to $70 billion in penalties and pay-outs for the Gulf oil spill if today’s attempts to stem...
Over the last few days the blogosphere has been chewing over Obama’s offshore drilling plan and the general consensus is that, well, its a complete waste of time. The drilling will not reduce gasoline prices nor will it reduce America’s...
In what is a truly symbolic victory for the people of the Niger Delta, the oil giant Shell has been ordered to hand over the huge Bonny oil terminal to the local population. Although details are only now becoming public,...
Russian state oil company Rosneft will increase output by a half by 2020 due to new assets and fields, according to its head as it aims to become the world’s top listed oil producer. Sergei Bogdanchikov said Rosneft will produce...
Kenny Bruno explains why "Just Hang in there 13 more months" was the unoffiical motto of the Bali conference on climate change. Despite a last minute dramatic confrontation, the recent Climate Convention meeting in Bali, touted as "the most important...
The American Petroleum Institute has withdrawn its offer of sponsorship for a planned Smithsonian Institution exhibit on oceans at the Natural History Museum. Kudos to James Grimaldi and the Washington Post for exposing this story, and giving it the prominence...
Venezuelan President Hugo Chavez is proposing that OPEC should sell oil to poor countries at dramatically lower prices than those paid by wealthy nations, says the International Herald Tribune. Chavez will ask members of OPEC to consider a plan to...
A cynic would argue that this story is predictable, but it is incredibly depressing. British government officials have secretly briefed ministers that the country has no hope of getting remotely near the new European Union renewable energy target that Tony...
China could obtain a 'very secure source' of energy if it decides to tap oil sands in the Canadian province of Alberta, according to the leading Canadian bank, Scotiabank. Alberta is forecast to produce 1.96 mln barrels per day of...
This is easily one of the greatest acts of creative direct action ever perpetrated on the oil industry. Bravo Yes Men! Imposters posing as ExxonMobil and National Petroleum Council (NPC) representatives delivered an outrageous keynote speech to 300 oilmen at...
