On Monday, the Moscow Times ran a story on one of the most watched projects in the Caspian region. Kashagan, an offshore oil project in the Kazakh sector of the Caspian Sea, is the largest oil field to have been discovered anywhere in the last 30 years, with an estimated 38 billion barrels of oil.
According […]

This is a guest blog from Munir Chalabi, an Iraqi political analyst living in the U.K.
As deadline after deadline and benchmark after benchmark passes and with all the pressure imposed by the IMF, the US Administration, the US oil lobby and International Oil Companies (IOCs) on the Iraqi government, the oil law, against all the […]

And so it goes on….Exxon is making a final appeal for a review of a court decision ordering it to pay $2.5 billion in punitive damages for the Exxon Valdez oil spill in 1989.
Exxon has been belligerently battling the judgement for over a decade. The company has managed to get the award cut in half […]

A group of California gasoline station owners have filed suit in a US federal district court in San Francisco accusing Big Oil of fixing gasoline prices across the United States from 1998 to 2001.
The suit claims that Texaco, state-owned Saudi Aramco and Royal Dutch Shell colluded to set gasoline sold to 23,000 Texaco […]

Further promises by the UK government to meet greenhouse gas targets look unlikely to be met, according to a leading think tank says.
Cambridge Econometrics was one of the first to forecast that the government would miss its target to cut CO2 by 20% for 2010.