Oil and Gas

Cuba’s Extra-Heavy Crude Awaits Technology and Investment

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.

Shale Drives Uncertain New Geoeconomics of Oil

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 Blue Amazon, Brazil’s New Natural Resources Frontier

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.

Middle East Conflicts Give Hefty Boost to Arms Merchants

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).

Money Pipeline Flowing Between U.S. Congress and Big Oil

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.

OPINION: People Power, the Solution to Climate Inaction

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.

Oil Price Plunge Could Take a Bite from Arms Budgets

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.

Falling Oil Prices Threaten Fragile African Economies

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.

What the U.S. Should Learn from Russia’s Collapse

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.

Dirty Energy Reliance Undercuts U.S., Canada Rhetoric at Climate Talks

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.

Divestment Campaign Aims to Bleed Dry the Fossil Fuel Industry

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.

Extractives Companies “Not Ready” for Transparency Requirements

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.

Dirty Energy, Dirty Tactics

“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.”

Fossil Fuels Won’t Benefit Africa in Absence of Sound Environmental Policies

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. 

Ahead of Myanmar Trip, Obama Urged to Demand Extractives Transparency

Lawmakers here are urging President Barack Obama to put transparency in the extractives sector at the centre of an upcoming trip to Myanmar.

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