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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: oil

oil stories: 203 news summaries

1 - 20 of 203 Stories | 1 2 3 4 5 ... 11 Next >>

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 Blaze Erupts on Aussie Oil Rig 

Leak spewing 400 barrels of oil daily

Nov 2, 09 1:44 AM CST
(Newser) - A massive blaze has erupted from an oil rig in the Timor Sea off northwest Australia. The fire was sparked as workers battled to plug an undersea leak that has spewed 400 barrels of oil a day for the past 10 weeks. No one was injured in the fire and... More »

MORE ABOUT:
oil • Australia • ocean • sea • oil rig • fire • oil leak

Energy Lobby Split on Climate, Thrilling Greens

Natural gas companies squabble with Big Oil as Senate negotiates

Oct 19, 09 6:30 AM CDT
(Newser) - With the Senate set to consider legislation to tax carbon and rein in global warming, a split has emerged among the energy lobby that may make it easier to pass a clean-energy law. Natural gas producers favor a bill, while their colleagues in the oil industry oppose it; electric companies... More »

MORE ABOUT:
oil • coal • Senate • renewable energy • natural gas • carbon taxes • oil industry • Waxman-Markey

OPINION

 Drill, Baby, Drill!: Palin

Renewable energy, domestic oil development are complementary

Oct 16, 09 5:15 PM CDT
(Newser) - Even as the US develops renewable-energy sources and cars that don’t need gas, it’s important to recognize that petroleum will be a part of our lives for some time, writes Sarah Palin. And as long as we need it, we should be getting as much as possible from... More »

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energy • oil • Alaska • United States • renewable energy • Sarah Palin • offshore drilling • drilling

 Oil States Plot to Ditch Dollar 

Gulf Arabs in talks to replace greenback with mix of currencies

Oct 6, 09 1:20 AM CDT
(Newser) - The American dollar is dropping against the yen and euro amid reports that the Gulf states are planning to replace use of the greenback in oil trading in favor of a basket of mixed currencies. The Arab states are in advanced discussions with China, Russia, Japan and France to end... More »

MORE ABOUT:
China • oil • currency • euro • US dollar • US currency • currency trading

China Sells Gas to Iran Despite US Pressure

Provides 1/3 of its fuel imports

Sep 23, 09 9:13 AM CDT
(Newser) - Chinese state oil companies began selling gasoline to Iran this month and now provide 30,000 to 40,000 barrels a day, or as much as a third of the country's imports. The development comes despite US-led attempts to block gas shipments to Iran, which has seen oil giants BP ... More »

MORE ABOUT:
China • Iran • Barack Obama • oil • sanctions • Hu Jintao • Chinese imports • gasoline

movie review

 Crude Makes 
 Compelling 
 Case Against 
 Big Oil 

Doc tells of disastrous effects of oil extraction

Sep 11, 09 1:11 PM CDT
(Newser) - Crude is a hard-hitting documentary about the ravages of the oil industry—Chevron is the villain here—on indigenous people in Ecuador. Critics are wowed:
  • “Here’s a powerhouse of a documentary that makes you feel mad as hell and unwilling to take it anymore,” writes Peter
... More »

MORE ABOUT:
oil • film • Chevron • movie review • documentary • crude oil • Joe Berlinger

Minister Who Freed Lockerbie Bomber Has Bro in Oil Biz

Kenny MacAskill's brother has pitched oil business to Libya

Sep 8, 09 6:08 AM CDT
(Newser) - The Scottish government minister who freed the Lockerbie bomber has a brother who works in the oil industry and has pitched oil business to Libya, reports the Wall Street Journal. Kenny MacAskill's brother, Allan, spent 20 years at BP, which admits that it lobbied for a prisoner-transfer agreement between the... More »

MORE ABOUT:
oil • Libya • Lockerbie • oil industry • Pan Am Flight 103 • British Petroleum • Abdelbaset Ali al-Megrahi • Kenny MacAskill

INTERVIEW

Gadhafi Son: Why the Fuss Over Bomber's Release?

Celebration of Megrahi's return made possible by Brit TV coverage

Aug 28, 09 3:48 PM CDT
(Newser) - The release of convicted Lockerbie bomber Abdelbaset Ali al-Megrahi had nothing to do with commerce, Moammar Gadhafi's son tells the Scotland Herald. What's more, he blames the celebration of Megrahi's return on the British news media—“Everyone knew from Sky and the BBC that he was going to land... More »

MORE ABOUT:
oil • Scotland • Libya • Moammar Gadhafi • Seif al Islam Gadhafi • Lockerbie • celebration • trade deal • Abdelbaset Ali al-Megrahi

Gadhafi Son to Bomber:
We Cut Deal With UK for You

Business sec. eyed over ties to younger Gadhafi

Aug 23, 09 9:47 AM CDT
(Newser) - Even as Scotland insists its decision to release the Lockerbie bomber was a compassionate one, a conversation between Moammar Gadhafi’s son and the bomber suggests some backroom wheeling and dealing, the Sunday Telegraph reports. A transcript has Saif Gadhafi telling the bomber, “You were on the table in... More »

MORE ABOUT:
oil • terrorism • Scotland • deal • Moammar Gadhafi • Seif al Islam Gadhafi • Lockerbie • Lord Mandelson • Pan Am Flight 103 • Abdelbaset Ali al-Megrahi • politics as usual

 Fiber-Optic Mics 
 Eavesdrop on Thieves 

OptaSense can identify footsteps, vehicles
from miles away

Aug 21, 09 6:09 PM CDT
(Newser) - Major oil companies are relying on a new fiber-optic technology to keep an underground ear on intruders, the Independent reports. Devised by a British defense firm, the OptaSense system consists of microphones placed along sensitive fiber-optic cables already laid underground. The cables sense vibrations, the mics pick it up, and... More »

MORE ABOUT:
oil • terrorism • counterterrorism • surveillance • Fiber optics • oil production • fiber optic cables

'Bourgeois'
Golf Courses Tee Off Chávez

Venezuela shutting down the links—that happen to be near oil

Aug 13, 09 9:20 AM CDT
(Newser) - Hugo Chávez has gone after oil conglomerates and media companies, and now he's hitting the capitalist pigs where it hurts: at the golf course. The Venezuelan president is trying to shut down the country's best-known courses, which he believes are part of an anti-Marxist conspiracy, the Independent reports. "... More »

MORE ABOUT:
energy • oil • Latin America • Venezuela • golf • nationalization • South America • golf course • Hugo Chávez • oil industry

(Newser) - A government-controlled Russian oil firm will be allowed to search for and extract oil from Cuba's portion of the Gulf of Mexico under a deal signed yesterday, the BBC reports. The Russian firm will work alongside Cuba's state-run oil monopoly a matter of miles off the coast of America. Cuba... More »

MORE ABOUT:
Russia • oil • Cuba • Gulf of Mexico • oil exploration

Rogue Trader Shocks
Oil Market

Crude hits highest
level in a year on unauthorized trades

Jul 3, 09 7:20 AM CDT
(Newser) - On Tuesday, the price of oil spiked unexpectedly to its highest level in 2009—a barrel of crude jumped from $71 to $73.50 in just one hour, for no apparent reason. Yesterday the reason became clear: a rogue broker in London with PVM, the world's largest petroleum brokerage, had... More »

MORE ABOUT:
oil • petroleum • oil price • crude oil • rogue trader • oil futures

In Televised Auction of Oil Contracts, Iraq Plays Hardball

Oil ministry plays hardball on prices

Jun 30, 09 7:34 AM CDT
(Newser) - The Iraqi oil industry has been nationalized since 1972, but today the country is awarding the first contracts in decades to private petroleum companies—live on television. So far a joint bid by British Petroleum and a Chinese firm has won the first contract, for a 17 billion-barrel field in... More »

MORE ABOUT:
Iraq • oil • Iraq oil • ExxonMobil • auction • oil companies • British Petroleum

OPINION

Wallop Iran
Where It Hurts:
Oil Revenues

Two 'green' revolutions could bring down regime: Friedman

Jun 24, 09 7:58 AM CDT
(Newser) - Pundits and politicians are wasting their time telling Barack Obama what he should be saying about the growing "green revolution" in Iran, writes Thomas L. Friedman. The country's reformers and protesters don't need American encouragement; they need a weakened theocracy—which will only happen when oil prices go into... More »

MORE ABOUT:
Iran • Barack Obama • oil • Mahmoud Ahmadinejad • green technology • oil price • Thomas Friedman • Ayatollah Ali Khamenei • green revolution • Iranian election

 Big Oil Drooling 
 Over Iraq Contracts 

Firms booted out in '72 eye nation's vast untapped reserves

Jun 24, 09 1:48 AM CDT
(Newser) - Iraq is preparing to welcome back the foreign oil companies it ejected over 30 years ago, and the firms are giddy with anticipation, the Wall Street Journal reports. Contracts to revive production at neglected oil fields go up for auction next week, and competition is expected to be fierce. Oil... More »

MORE ABOUT:
Iraq • oil • Iraq oil • Hussain al Shahristani • oil companies

 Shell Settles 
 Nigeria Case 
 for $15.5M 

Saro-Wiwa settlement is milestone for international law

Jun 9, 09 5:40 AM CDT
(Newser) - Royal Dutch Shell agreed to settle a lawsuit over the 1995 deaths of Ken Saro-Wiwa and other Nigerians for $15.5 million, reports the Financial Times. Saro-Wiwa and eight other activists against petroleum exploitation were executed by the Nigerian military government, allegedly at the behest of the oil giant. In... More »

MORE ABOUT:
Africa • oil • human rights • Shell • Nigeria • petroleum • international law • Royal Dutch Shell • Ken Saro-Wiwa

MARKET Open

 Stocks Flat After Big Rally 


Jun 2, 09 8:52 AM CDT
(Newser) - Stocks were essentially flat at today's open on the heels of yesterday’s huge rally. The Dow inched down 15 points, while the Nasdaq and S&P fell 0.5% and 0.3%, respectively. Commodity prices were backing off, though oil still hovered around $68 a barrel. Financials were mixed,... More »

MORE ABOUT:
oil • stock market • Barclays • Dow Jones • Abu Dhabi • Nasdaq • S&P 500

MARKET Open

 Stocks Up Despite GM Filing 


Jun 1, 09 8:54 AM CDT
(Newser) - Stocks shot higher at the open this morning, as rising oil prices and strong manufacturing data from China outweighed news of GM's bankruptcy. The Dow rose 102 points; as of next Monday, the index will no longer include GM and Citigroup. The Nasdaq and S&P were each up 1.... More »

MORE ABOUT:
China • oil • stock market • Citigroup • Dow Jones • General Motors • Nasdaq • S&P 500

Shell Accused of Crimes Against Humanity

Family of Saro-Wiwa sues oil company in American court

May 22, 09 7:18 AM CDT
(Newser) - Next week Royal Dutch Shell will finally appear in court to answer charges that it was complicit in the death of Ken Saro-Wiwa, the author and oil company critic executed by Nigeria's former military regime in 1995. Saro-Wiwa's family accuses the oil company of "a systemic campaign of human... More »

MORE ABOUT:
oil • Shell • Nigeria • crimes against humanity • Royal Dutch Shell • corporate crime • oil industry • Ken Saro-Wiwa

1 - 20 of 203 Stories | 1 2 3 4 5 ... 11 Next >>


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