Suncor, Shell both announce unexpected oilsands production decreases
Two of Canada’s major oilsands producers are facing lower production targets this year due to unplanned maintenance at their huge open-pit mining operations in northern Alberta.
Two of Canada’s major oilsands producers are facing lower production targets this year due to unplanned maintenance at their huge open-pit mining operations in northern Alberta.
Behind the debate among Opec members on a reasonable price for their oil lies the urgent need among many of these oil-dependent nations to finance growing government expenditure in the face of rising unemployment and population growth.
Every conflict since World War One has been influenced by oil in some way.
American lobbying adds to pressure as PM battles to keep controversial energy option on climate change agenda.
A significant factor behind the higher prices this year is the fear that the global oil industry is close to capacity.
The viability of the human race is at stake because of “offences against our environment” which threaten the world with further wars and rising inequality, the Archbishop of Canterbury, Dr Rowan Williams, said last night.
Energy giant Total has shut down oil and gas production in Nigeria in the face of a threatened labor strike that raised management fears that there could be violence, the company said Tuesday.
The minister stressed close contacts between Iranian and foreign contractors to help promote national oil, gas and petrochemical industries.
The fighting in Sudan’s Darfur region, which is being reported in the world press as ‘ethnic cleansing’ and a ‘humanitarian crisis’, reportedly stems from attempts to gain control over the oil resources in the region, claim Arab sources.
China is in discussions with a group of six Middle Eastern countries to establish a free trade pact, state media reported Monday.
New Zealand has an abundant wind resource capable of producing up to 20 percent of our electricity needs.
The installation of the Ayad Allawi government in Baghdad may only increase the chaos in the country, which faces the prospect of internal conflicts and balkanisation.