Uruguay is just weeks away from finding out if it will have a chance to stop being totally reliant on oil imports at some point in the future, when the first offshore exploration well in national waters – which set a new world record in terms of water depth - is completed.
Cuba's oil industry only exploits five percent of the petroleum found in onshore and offshore deposits due to a lack of foreign capital and technology to develop oilfields like Varadero 1000, the country's biggest oil operation until now.
The emergence of fracking has modified the global market for fossil fuels. But the plunge in oil prices has diluted the effect, in a struggle that experts in the United States believe conventional producers could win in the next decade.
The Atlantic ocean is Brazil’s last frontier to the east. But the full extent of its biodiversity is still unknown, and scientific research and conservation measures are lagging compared to the pace of exploitation of resources such as oil.
The ongoing conflicts in Syria, Iraq, Libya and Yemen have helped spiral arms sales upwards to the Middle East, according to a study released Monday by the Stockholm International Peace Research Institute (SIPRI).
With battle lines sharpening over the stalled Keystone XL pipeline, a new analysis details the intense industry lobbying of both houses of the U.S. Congress since 2013 – to the tune of 58.8 million dollars by five refinery companies alone.
Nothing is more important to farmers like me than the weather. It affects the growth and quality of our crops and livestock, and has a major impact on global food supply.
In a satirical piece titled 'An Unserious Look at the Year Ahead' in the Wall Street Journal last week, Hugo Rifkind predicts the price of a barrel of oil will fall so low that people across the world would start buying oil for the barrel - and throw the oil out.
The sharp decline in world petroleum prices - hailed as a bonanza to millions of motorists in the United States - is threatening to undermine the fragile economies of several African countries dependent on oil for their sustained growth.
After months of whispered warnings, Russia’s economic troubles made global headlines when its currency collapsed halfway through December. Amid the tumbling price of oil, the ruble has fallen to record lows, bringing the country to its most serious economic crisis since the late 1990s.
While U.S. and Canadian officials delivered speeches about how the world needs to step up to their responsibilities at the U.N. climate negotiations in Lima, Peru, activists from North America demanded clear answers back home on their governments’ relationships with fossil fuel corporations, as well as the future of several major oil projects across the continent.
Even as the presence of major oil and gas corporations is nearly ubiquitous at the U.N. climate talks in the Peruvian capital known as COP20, fossil fuel divestment campaigns have gained ground in various countries and are moving to counter the influence of the "dirty energy" lobby here.
The world’s largest corporations continue to publicise scant information about their global operations, according to new analysis that warns that extractives companies in particular are unprepared for pending disclosure requirements.
“Greenhouse gas emissions from human activity are higher than ever, and we're seeing more and more extreme weather and climate events….We can't prevent a large scale disaster if we don't heed this kind of hard science.”
Recent discoveries of sizeable natural gas reserves and barrels of oil in a number of African countries — including Uganda, Tanzania and Kenya — have economists hopeful that the continent can boost and diversify its largely agriculture-based economy.