By Simon Marks Caracas 16 March 2007 watch Venezuela Oil report With oil prices hovering above $55 a barrel, petroleum-rich Venezuela is awash with money. The windfall allows President Hugo Chavez to fund numerous social programs for the country's p...
By Gilbert da Costa Abuja 25 January 2007 Suspected armed militants attacked a Chinese oil company in the Southern Nigeria state, Bayelsa, Thursday, kidnapping at least two Chinese workers. From Abuja, Gilbert da Costa reports the latest hostage-tak...
By Gilbert da Costa Abuja 03 November 2006 An unidentified boy sells fuel at the waterside in Yenagoa, Nigeria, Nov. 2 2006 Nigerian officials involved in talks to release two foreign oil workers kidnapped Thursday say they expect the men to be rele...
By Meredith Buel Washington 27 October 2006 The United States says it is ready to help Saudi Arabia defend its oil facilities against terrorist threats, following a statement by the British navy asking merchant shippers to be on alert for suspicious...
By Bill Gasperini Sakhalin, Russia 20 October 2006 A giant energy project on Russia's remote Sakhalin Island has recently come under scrutiny because of environmental concerns. A foreign run consortium has long been building parallel gas and oil pip...
By Paul Sisco Washington, DC 20 September 2006 watch Deepwater Oil Super computers, mathematical formulas, and advances in imaging all played a part in a much-publicized recent oil discovery beneath the Gulf of Mexico. ----- Consider the idea of dri...
By Gilbert da Costa Abuja 15 September 2006 Nigerian oil unions say they could resume their strike, if the government fails to meet their demands. The unions suspended their strike Thursday, a day after it started. ----- A Nigerian army gunboat arri...
By Paul Sisco Washington, D.C. 18 August 2006 watch Oil Spill report A ceasefire in the Middle East is allowing officials to assess some of the environmental damage from the fighting between Israel and Hezbollah. Some experts say the long-term envir...
By Gilbert da Costa Abuja 14 August 2006 Militant patrols creeks of the Niger Delta area of Nigeria (File photo) Armed men seized four foreign oil workers Sunday in the latest kidnapping in the oil-rich Niger Delta. It was the fifth kidnapping in th...
By Barry Unger Washington, DC 17 July 2006 watch Russia Middle Class report As leaders of the world's industrial nations and Russia meet in St. Petersburg for the G-8 Summit, the country they are visiting has undergone many changes in recent years....