A Nigerian helicopter gunship opened fire on 8 barges allegedly used by smugglers to transport stolen crude oil from the creeks of the delta to tanker ships waiting offshore. Shell defended the use of its airfield to launch air strikes in the restive
While the world community scrutinizes Iran's nuclear plans, Latin America's biggest country is weeks away from taking a controversial step and firing up the region's first major uranium enrichment plant. That move will make Brazil the 9th
Ending subsidised natural gas deliveries to neighbouring countries is justified under certain conditions, World Bank chairman Paul Wolfowitz said at this weekend's G8 finance meeting in Moscow.
Solar thermal at present costs about 12 to 15 cents per kilowatt hour compared with natural gas power which costs 10 cents per KWH. But as production grows, solar companies expect costs to slip to 8 cents per KHW in 5 years.
The militia commander wanted to be very clear: January's attacks on Western oil companies in Nigeria's crude-rich Delta region were only the beginning. "Trust me," he said, "by the end of this month you will see serious action.
U.S. airlines are chafing under the added costs of a jet fuel shortage at London Heathrow airport, and travelers to Great Britain may face fewer flight options as a result. "There could be very serious disruptions" in the not-too-distant fu
Oil prices dropped nearly $2 as swelling stockpiles in the US sent speculators for the exits and as US and European leaders played down the threat of new sanctions against Iran. US crude oil supplies are 11% higher than last year, and swelling suppli
In the two years since oil reservoirs were discovered off Cuba's coast, Canadian, Chinese, Indian and Norwegian companies have lined up to explore the potentially lucrative Caribbean waters. U.S. corporations have watched the activity less than 6
An experimental device that aims to generate clean energy using nuclear fusion will be built in the next few months in Hefei, capital city of East China's Anhui Province.
Exxon Mobil Corp. posted record profits for any US company— $10.71 billion for the 4th quarter and $36.13 billion for the year— as the world's biggest publicly traded oil company benefited from high oil and natural-gas prices and solid demand for
Nigerian insurgents released four kidnapped foreign contractors but immediately vowed to press home a series of violent attacks against the country's key oil and gas industries.
Scientists have discovered an undersea deposit of frozen methane just off the Southern California coast, but whether it can be harnessed as a potential energy source is unknown.
The Bush administration wants to restart a controversial program to reprocess spent nuclear fuel, a technology abandoned by the United States decades ago as a costly security risk
Britain has struck a conciliatory tone ahead of crunch talks next weeks on Iran's nuclear programme, saying diplomacy was the only way to solve the dispute and military action was not on the cards.
While many families struggle to make ends meet, there is one lucky family that is doing very well. Meet the Chevron executive family ...
Producing a gallon of ethanol gas from corn requires 95 percent less petroleum than producing a gallon from fossil fuels. "It is better to use various inputs to grow corn and make ethanol and use that in your cars than it is to use the gasoline
A Russian proposal to carry out sensitive nuclear fuel work outside Iran to allay fears Tehran is seeking the bomb is "not sufficient" for the Iranians. Talks with Moscow on the complex initiative—which involves enriching Iranian uranium o
A senior Iranian official threatened that Tehran may forcibly prevent oil export via the Straits of Hormuz if the UN imposed economic sanctions due to Iran's nuclear program. This is the first time an Iranian official makes military threats in a
Threats like this are increasingly being carried out - helping drive oil to $66 per barrel this week. Four international oil workers were taken hostage by armed men in speedboats last week. Nigeria's production has dropped by nearly 10 percent.
"In case of sanctions, other countries will suffer as well as Iran," Oil Minister Davoud Danesh-Jafari said. "One of the consequences will be the unleashing of a crisis in the oil sector and particularly a price hike." Iran, the n
Militants behind a string of attacks aimed at disrupting Nigeria's oil industry said they intended to target all producers in the country, in a message that singled out Chevron.
A disruption in Iran's crude oil exports would further crimp the already tight global oil market and lead to higher petroleum prices, the U.S. Energy Information Administration warned
LAGOS (Reuters) - Royal Dutch Shell is considering withdrawing more staff from the west of Nigeria's delta region after attacks by militants who threatened on Monday to wreak more destruction on the leading OPEC oil exporter.
Crude oil in New York rose after rebel attacks in Nigeria prompted Royal Dutch Shell Plc to evacuate facilities and diplomats prepared to refer Iran to the United Nations over its refusal to abandon nuclear research.
Waste products make a better biofuel than traditional British crops such as rapeseed and grain because of the energy it takes to grow them, a former chairman of Shell Trading and Transport said. [duh]
Families of 11 US miners found dead have expressed anger and disbelief at communications failings which had led them to believe their loved ones were alive.
Thirteen coal miners are trapped following an explosion in a mine shaft in West Virginia.
The Russian energy giant Gazprom cut off Ukraine's share of the gas flowing through the Friendship Pipeline that carries about 80 percent of Russian gas exports through Ukraine to the West.
Brazil's state-owned oil company, Petrobras, says it has discovered a huge new offshore oil field off the coast of Rio de Janeiro state.
Richard Causey, Enron Corp.'s former chief accountant, is expected on Wednesday to plead guilty to at least one criminal charge related to the energy trader's collapse