Key oil figures were distorted by US pressure, says whistleblower
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying. [excerpt]
November 9, 2009
Safety fears for fleet of new LNG tankers after leaks are found
A fleet of new ships built for BG and other companies to meet Britain’s growing energy needs by bringing in liquefied natural gas (LNG) from abroad has been hit by leaks and safety scares.
December 27, 2005
Cracked joints found in BP’s Georgia pipeline
A vital $3bn (£1.6bn) pipeline designed by BP to help meet Britain’s oil needs well into the next decade has been riddled with corrosion, it emerged yesterday.
November 16, 2004
Britain’s shrinking oil and gas supplies
Higher oil prices mean more cash to British-based oil companies and extra tax for the exchequer. But as domestic supplies run dry the future will bring increased import bills for crude, petroleum products and gas, which is also running out.
October 13, 2004
Iran takes on west’s control of oil trading
Iran is to launch an oil trading market for Middle East and Opec producers that could threaten the supremacy of London’s International Petroleum Exchange.
June 15, 2004
Once seen as an alarmist fear, an attack on key Saudi oil terminal could destabilise west
Saudi Arabia is the linchpin for world crude supplies, a key to setting prices and yet sitting on a political tinderbox due to internal dissent and having trouble securing itself against terrorism.
June 2, 2004