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Posts in April 2007

• Big Oil Cedes Control to Chávez

  Andy Rowell

  Apr26

  Four multinational oil companies have finally agreed to cede control of Venezuela’s last remaining privately run oil projects to President Hugo Chávez’s government. Officials from Chevron, BP, Total and Statoil signed memorandums of understanding this week agreeing to give state oil company Petróleos de Venezuela a majority stake in three of the projects. Exxon Mobil…
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• China to Overtake US Emissions

  Andy Rowell

  Apr26

  China is set to overtake the US as the world’s largest emitter of greenhouse gases within months, experts are predicting. Previously expected to occur in 2009 or 2010, the historic event could now happen as early as November. But this event pales into insignificance if China takes no action to improve emissions. Within twenty five…
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• Massacre at Chinese Oilfield in Ethiopia

  Andy Rowell

  Apr26

  Africa and oil is often a deadly and violent mix and if the Chinese thought they would escape being targeted then they will have to think again. This time the turmoil is in the East of the continent in Ethiopia. Somali rebels from the Ogaden National Liberation front have killed seventy-four workers at a Chinese…
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• Ronald Jonkers: Big Oil’s Man in Iraq

  Steve Kretzmann

  Apr25

  You knew he had to be there, even if we didn’t know his name before. As ace reporter Daphne Eviatar reveals in this month’s American Lawyer, Ronald Jonkers is the oil industry’s man in Iraq – and US taxpayers are picking up the bill. Jonkers unfortunately wouldn’t comment for the article – and apparently few…
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• Erasing Climate Change at the World Bank

  Andy Rowell

  Apr25

  The scandal at the World Bank is quickly spreading to Paul Wolfowitz’s handpicked deputy, Juan Jose Daboub. First he is accused of trying to remove references to “family planning” from World Bank documents, now the Bank’s Chief Scientist, Robert Watson, is accusing him of trying to erase references to climate change from the Bank’s Clean…
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• McCain Warns of Vulnerability of Foreign Oil

  Andy Rowell

  Apr24

  In the third of three major policy addresses, Republican presidential candidate, John McCain has talked about the “great and urgent challenge – breaking our nation’s critical dependence on foreign sources of oil”. In a speech to the Center for Strategic and International Studies (CSIS) McCain warned that America’s “dependency on foreign oil and the way…
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• Welcome to Warming Island

  Andy Rowell

  Apr24

  The Independent newspaper leads on its front-page that the map of Greenland will have to be redrawn. A new island has appeared off its coast, suddenly separated from the mainland by the melting of Greenland’s enormous ice sheet, a development that is being seen as the most alarming sign of global warming. Several miles long,…
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• BP Profits Down

  Andy Rowell

  Apr24

  BP’s slide from grace continues. Profits, production and prices all fell in BP’s first quarter, as the UK-based energy group said that profit before interest and tax dropped 17 per cent to some $7bn, with net replacement cost profits also down 17 per cent at $4.36bn.

• New report shows global warming pollution up in 48 U.S. states

  Andy Rowell

  Apr23

  Global warming pollution increased in all but two states nationwide between 1990 and 2004, according to “The Carbon Boom,” a new analysis of state fossil fuel consumption data released earlier this month by the U.S. Public Interest Research Group (U.S. PIRG). The past nine years have been among the 25 warmest for the contiguous United…
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• Nigerian Election Condemned As a Farce

  Andy Rowell

  Apr23

  Nigeria’s presidential elections – that will impact the country’s oil industry – have been dismissed as so chaotic and flawed that they should be re-run. Election observers said most polling stations only had half the ballot papers they needed. Half the country had no ballot papers at all. “You cannot use the result from half…
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