More bad news for Shell in Nigeria. Nigerian President Umaru Yar'Adua has ordered the state-run oil firm NNPC to recover payment arrears of some $2 billion from Shell and ExxonMobil. The sum supposedly represents outstanding payments on the Production Sharing...
The day before the Exxon Valdez case makes it to the Supreme Court, Exxon is in court again, this time in a federal court in San Francisco. Exxon, BP and seven oil companies are all being sued by a tiny...
The true scale of climate change emissions from shipping is almost three times higher than previously believed, according to a leaked UN study. It calculates that annual emissions from the world's merchant fleet have already reached 1.12bn tonnes of CO2,...
In an interesting development, China has called on the international community to observe the principles and framework of the Kyoto Protocol and the United Nations Framework Convention on Climate Change. The appeal was made by Cao Bochun, vice director of...
A report by US watch-dog, the Government Accountability Office has concluded that the Coast Guard lacks the resources to adequately protect tankers carrying liquefied petroleum or crude oil from a possible terrorist attack. The report concluded that the Coast Guard...
Parts of the ice sheets covering Antarctica are melting faster than predicted, with the net loss of ice accelerating in because of climate change. A satellite survey between 1996 and 2006 found that the net loss of ice from Antarctica...
Thousands of people hit by South Korea's worst oil spill have staged a protest rally in central Seoul to demand swift compensation. Some 3000 marine farmers and other residents dramatised their plight by displaying oil-coated oysters, fish, anchovies and seaweed....
A new report says the Iraqi Government could earn an extra $19.2 billion of revenue this year as a result of higher crude oil prices and the revival of the country's own oil industry. The prediction is suggested by figures...
(Bali, Dec. 16) A day after the dramatic ending of the Bali climate talks, many are wondering if the result was indeed best outcome possible given the circumstances. The US was brought back to the fold, but at the cost...
There has been a great victory for the global End Oil Aid Coalition. With a resounding majority (540 MEPs in favour), the European Parliament yesterday passed a resolution on trade and climate change which calls for “the discontinuation of public...
