Oil giant Shell is seeking to build a new $25 billion plant to process bitumen from Alberta’s oil sands.
The “Scotford Upgrader 2 Project”, to be built near Fort Saskatchewan, Alberta, will be built in four phases with a capacity of 100,000 barrels a day each. Construction may start as early as 2009.

The Lebanese coastline remains heavily polluted from last year’s Jiyyeh oil spill and cleaning efforts have not achieved the desired result, according to local NGOs.
Their conclusions contrast sharply with reports by other NGOs and the United Nations Environment Program (UNEP) claiming beaches were safe and the bulk of the spill had been contained.

The Anchorage Daily News reports how, when oil giant Shell ran into problems recently securing federal air pollution permits needed to launch its controversial offshore drilling campaign for this summer, the company went to the state’s top pollution regulator for help.
Shell hopes to start drilling exploratory wells in Beaufort Sea this summer using two [...]

The shop around the corner raised the price of sandwiches by a quarter this week. Although the housing meltdown is raising concerns that it may take the whole American economy down with it, prices are going up and the reason is the cost of oil.

The US House of Representatives missed an important opportunity to end oil aid in a bill [Acrobat pdf] that will “re-authorize” the Overseas Private Investment Corporation (OPIC) – one of two agencies in the US government that uses taxpayer dollars to provide financing, insurance and guarantees to US businesses wanting to expand their operations in [...]