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 signed […]

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 […]

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 […]

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 […]

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 […]