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Natural resources

President Obama vetoes Keystone pipeline bill
As promised, US President Barack Obama has vetoed a bill from Congress which will halt construction of the controversial Keystone XL pipeline.

24.02.2015 20:40

Chevron ditches last European fracking project in Romania
US energy giant Chevron is terminating its operations in Romania due to poor exploration results and prolonged protests by environmentalists.The withdrawal from this fracking project will mark the end of the company’s shale gas exploration in Europe.

22.02.2015 21:57

‘No significant shale oil production in Britain for 20yrs’ – BP
Oil giant BP says significant shale gas production in Britain and Europe over the next 20 years is unlikely. In a damning forecast, the energy firm said fracking will gain little traction outside America before 2035.

18.02.2015 15:47

Dome of fire: Libya’s largest oil field sabotaged, company releases footage
Libya’s Waha Oil Company has posted a video on its Facebook page showing the fire that raged through El Sarir oil field and halted oil flows to the Hariga port, in what is believed to be an act of sabotage.

15.02.2015 18:09

​UK to benefit from oil price slump, says think tank
The fall in oil prices will significantly benefit Britain’s economy, a leading think tank has said, as the country continues to outperform most European countries in economic growth.

10.02.2015 13:08

​BP to slash spending by 15% in wake of oil crisis
Oil giant BP is set to announce plans on Tuesday detailing cuts worth billions of pounds to its capital spending program, following the dramatic plunge in oil prices and a 40 percent fall in its fourth quarter profits.

02.02.2015 13:28

Chevron to stop shale gas drilling in Poland due to bleak prospects
American energy giant Chevron announced it will discontinue its shale gas project in Poland as it no longer makes business sense. The company previously canceled drilling projects in the Arctic and in Ukraine.

31.01.2015 13:43

Nae fracking here! SNP govt imposes shale gas moratorium in Scotland
Scotland has imposed a moratorium on shale gas planning permits while an assessment on the impact of shale drilling is completed, ministers told the Scottish Parliament on Wednesday.

28.01.2015 15:14

Foreign intervention ‘100 times more likely’ in oil-rich states – study
Cutting-edge research from British universities has confirmed a belief long held by conspiracy theorists, realists and hawkish neoconservatives alike: oil drives foreign intervention and war.

28.01.2015 11:51

‘Empire of Chaos’ in the House
No one in Western corporate media will tell you why US President Barack Obama is hitting Riyadh with a high-powered delegation to “pay his respects” to the new House of Saud potentate, King Salman.

27.01.2015 14:18

Frackdown: Government concedes to national park fracking ban
In a victory for the Labour Party and other opponents of fracking, the Conservative-led coalition has announced that fracking will be banned in all national parks. Further restrictive measures were also placed upon shale gas companies.

27.01.2015 09:27

​Budget cuts a priority before looking for other revenue sources – Alaska Gov. to RT
Facing a $3.5 billion budget deficit following a huge drop in oil prices, Alaska is looking for ways to cut spending and cover the gap in an open and transparent way, Alaskan Governor Bill Walker told RT.

27.01.2015 04:23