More than 70 companies have registered to compete for oil extraction and service contracts to help develop Iraq’s oil reserves. The news comes just days before the International day of Solidarity against Iraq’s controversial Oil Law.
Big oil firms such as Royal Dutch Shell and BP have been positioning for years to gain access and […]

Nigeria’s President Umaru Yar’Adua has called on the oil companies operating in the Niger Delta to do more to help local people ahead of drawing up a bill to reform the country’s oil industry.
“I urge you to further commit to working diligently to ensure that the oil and gas industry is directed towards meeting both […]

A huge explosion rocked a Texan oil refinery yesterday in a violent blast that shook buildings miles away and injured at least four people.
One employee was hospitalized for burns, while three contractors were treated and released, said Blake Lewis, a spokesman for refinery owner Alon USA.

It’s only a snippet really, buried deep in an article by a columnist on the Edmonton Sun, but its revealing all the same. Their columnist, Graham Hicks, says that every couple of years he sits down with University of Alberta Business Dean Mike Percy to talk about the Alberta economy.
“These are good days in […]

Unique marine life in Antarctica will be at risk from an invasion of sharks, crabs and other predators if climate change continues, scientists warn.
Crabs are poised to return to the Antarctic shallows, threatening creatures such as giant sea spiders and floppy ribbon worms, says a UK-US team. Bony fish and sharks would move in if […]