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October 7, 2008 6:37:52 PM CDT

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Stories related to: oil

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Stories 121 - 140 of 154

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  • September 2007

    • Hunt Oil Signs Kurdish Deal, Slights Baghdad

      Wall Street Journal  |  Sep 10, 07 2:20 PM CDT

      Hunt Oil Signs Kurdish Deal, Slights Baghdad

      (Newser) - Dallas-based Hunt Oil  has signed a deal to prospect for oil in in the northern Iraqi region of Kurdistan. Hunt is the latest of several small oil companies bypassing Baghdad to deal directly with regional authorities, underscoring Kurdistan's increasing independence from the Iraqi central government, which has been unable to pass a petroleum law drafted early last summer. More »

      Tags

      Iraq  • Iraq war  • oil  • Iraq government  • Kurdistan  • Hunt Oil

    • Is Biggest Oilfield Running Dry?

      Atlantic Monthly  |  Sep 8, 07 4:00 AM CDT

      Is Biggest Oilfield Running Dry?

      (Newser) - The world’s most critical oil field might be nearing its end. Saudi Arabia, which accounts for 19% of all oil exports, doesn’t supply hard data about its production, but a little math sleuthing by a computer scientist shows the Ghawar reservoirs should be empty soon, the Atlantic reports. More »

      Tags

      oil  • Middle East  • Saudi Arabia  • oil supply  • oil field

    • Oil Prices Approach All-Time High

      Financial Times (UK)  |  Sep 7, 07 3:16 AM CDT

      Oil Prices Approach All-Time High

      (Newser) - The price of oil approached a record high yesterday, hiking interest in next week’s OPEC meeting in Vienna, where observers hope the association will give some positive sign that production will increase. OPEC, however, seems divided on the matter, with the group’s president calling the market “very well balanced,” according to the Financial Times . More »

      Tags

      gas prices  • oil  • Middle East  • gas  • OPEC  • oil supply

  • August 2007

    • Drilling Hits Norway's Conscience

      Washington Post  |  Aug 21, 07 6:33 PM CDT

      Drilling Hits Norway's Conscience

      (Newser) - A friendly little nation is facing the ethics of new economic power, as Norway asks itself whether to drill for 73 billion barrels of Arctic oil or leave it for others to uncover. The tiny country is the world's fifth largest exporter of oil, third largest of gas - and may have the world's biggest national conscience, too, the Washington Post reports.   More »

      Tags

      global warming  • oil  • environmentalism  • Arctic  • Norway  • Arctic oil

    • Dean Could Become Category 5

      Reuters  |  Aug 18, 07 11:00 AM CDT

      Dean Could Become Category 5

      (Newser) - Hurricane Dean is now expected to strengthen into a Category 5 as it barrels toward Jamaica and Mexico. Forecasters say Dean, powered by 150-mph winds, will hit the Dominican Republic and Haiti today, after ploughing through homes and banana plantations on St. Lucia and Martinique yesterday. More »

      Tags

      oil  • Mexico  • hurricane  • storm  • Haiti  • Caribbean  • Dominican Republic  • Gulf of Mexico  • Jamaica  • Hurricane Dean  • Yucatan Peninsula  • St. Lucia  • Martinique

    • Chinese Seek Fortune in Africa

      International Herald Tribune  |  Aug 17, 07 3:22 PM CDT

      Chinese Seek Fortune in Africa

      (Newser) - A growing number of poor Chinese are flocking to Africa, hoping to cash in on the destitute continent’s infinite growth potential. China is building factories in eastern Africa, and trade between the two burgeoning economies ballooned to $55 billion last year. The eastern entrepreneurs are diving into every sector of the African market—from diamonds to ice cream—but oil is particularly piquing their interest. More »

      Tags

      China  • oil  • Africa  • World Bank  • trade  • Chad  • Tanzania  • Zambia  • mineral resources

    • Scot Separatists Publish Plans for Independence

      Scotsman (UK)  |  Aug 15, 07 6:56 AM CDT

      Scot Separatists Publish Plans for Independence

      (Newser) - The August lull in British politics has given way to a national debate on an unexpected topic: Scottish independence. The separatist leader of Scotland's regional parliament has published a white paper outlining plans for a referendum and suggesting features of an independent Scotland: its own army, its own EU membership, and especially its own governance of huge North Sea oil reserves. More »

      Tags

      Great Britain  • United Kingdom  • European Union  • oil  • Gordon Brown  • Scotland  • independence  • separatists  • North Sea  • Alex Salmond

    • China Seeks Oil in Africa

      New York Times  |  Aug 13, 07 10:34 AM CDT

      China Seeks Oil in Africa

      (Newser) - China is exploring the sweltering wilderness of Chad in search of lucrative pockets of oil and other materials, the New York Times reports. Chinese officials tout the strategy as a "win-win" situation as the country develops relationships with African nations to achieve mutual prosperity by capitalizing on natural resources out of the shadow of Western influence. More »

      Tags

      China  • US economy  • oil  • Africa  • poverty  • trade  • Chad  • natural resources

    • Chavez Lavishes Oil Wealth on Neighbors

      Guardian (UK)  |  Aug 9, 07 8:53 AM CDT

      Chavez Lavishes Oil Wealth on Neighbors

      (Newser) - Venezuelan President Hugo Chavez is spreading hundreds of millions of oil dollars around South America in an effort to limit the influence of the International Monetary Fund and forge a strong alliance. Chavez began a four-nation tour in Argentina referring to the IMF as "Dracula" and called for a united front against the US. More »

      Tags

      oil  • Venezuela  • Hugo Chavez  • energy  • Argentina  • International Monetary Fund  • Ecuador  • South America  • Uruguay

    • Climate Change Deniers Still Impeding Progress

      MSNBC  |  Aug 7, 07 5:06 AM CDT

      Climate Change Deniers Still Impeding Progress

      (Newser) - Scientists thought they'd convinced the world it was getting warmer, but a powerful, flush campaign of cynics is still successfully sowing doubt, Newsweek reports—and hobbling efforts to stave off disaster. From its humble beginnings ridiculing any warming, the "denial machine" has picked up funding from big oil and developed a more nuanced strategy: make Americans believe climate change is still an open question. More »

      Tags

      climate change  • global warming  • environment  • oil  • science  • Americans

    • Sub Crew Plants Russian Flag

      Christian Science Monitor  |  Aug 2, 07 4:57 PM CDT

      Sub Crew Plants Russian Flag

      (Newser) - A Russian expedition reached the North Pole today and symbolically called dibs on the Arctic in the race to secure the oil-rich territory. Explorers sank a titanium Russian flag into what the team leader called the "yellowish mud" of the sea floor 3 miles deep, which a spokesman likened to "raising a flag on the moon." More »

      Tags

      Russia  • global warming  • oil  • energy  • Arctic  • Arctic oil  • North Pole

    • Look Out, Santa: Russia Claims North Pole

      Daily Telegraph (UK)  |  Aug 1, 07 12:09 PM CDT

      Look Out, Santa: Russia Claims North Pole

      (Newser) - Russian ships will arrive at the North Pole today as part of Moscow's effort to claim a 1,240-mile area of the Arctic—and with it, more than $2 trillion in oil and gas reserves. The Telegraph reports that the fleet will deposit a Russian flag at the bottom of the Arctic Ocean in a symbolic assertion of underwater ownership. More »

      Tags

      Russia &