Major oil companies withdrawing from Southern Africa

BP is no longer trading in Kenya, Tanzania, Zambia, Zimbabwe, Malawi, Namibia, Swaziland, Lesotho, Botswana or Malawi.

In some of these countries had a BP presence for almost a century. Were all these BP associate companies suddenly unprofitable or was … Read the rest

Ukraine, Chevron and Condi Rice… the broken record

High principles dominate the rhetoric on freedom-loving Ukraine, writes JP Sottile. But more mundane realities – like the interests of US oil corporations and Ukraine’s vast shale gas capacity – are part of the volatile equation.

In Ukraine, Chevron’s deal … Read the rest

Ukraine signs $10 billion fracking deal with Chevron

 

chevronUkraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron on Tuesday, another step in a drive for more energy independence from Russia.

The deal to develop its western Olesska field followed a similar shale gas agreement … Read the rest

Cubans protected Chevron from Unita

flecChevron houses some 6,000 people at the Malongo compound, built in the 1960s, in Angola, but capacity constraints mean contractors have had to seek lodging outside the base that protected employees through decades of conflict.

Chevron’s 2,965-acre (1,200-hectare) Malongo compound … Read the rest

Shale gas boom visible from space

Oil companies at the heart of the US shale oil boom are burning off enough gas to power all the homes in Chicago and Washington combined in a practice causing growing concern about the waste of resources and damage to … Read the rest