The Scottish independence vote is underway, and voters will have to take into account just how much oil is left under the North Sea – and how much revenue it might generate. On Wednesday, a Scotland-based consultancy released a skeptical report ahead of the Scottish independence vote.
The US will aim to cut off Islamic State (also known as ISIS or ISIL) oil sales as part of its broader effort to 'degrade and destroy the Islamic State'; New Western sanctions on Russia energy aim to 'shut down' its most prized oil and gas projects; Record high carbon dioxide levels will add urgency to upcoming global climate talks. Read the latest on energy around the globe with the Monitor's Recharge.
Oil supermajors BP and Shell are closely watching next week's Scotland independence referendum, hoping voters will choose to remain part of the United Kingdom. The reason? Companies like certainty, and a newly independent Scotland could change how the energy firms have long done business in the region.
Th EU adopted new Russia sanctions on energy as an uneasy ceasefire continued in Ukraine; Russia and China broke ground last week on a massive gas pipeline that offers an alternative for Russia amid the Ukraine crisis; Nevada struck clean-energy gold by landing the Tesla Motors gigafactory. Catch up on the latest in global energy with Recharge.
Failed Russia-Ukraine-EU gas talks last week raise the specter of a cold, dark winter in Ukraine; the Islamic State's oil-fueled spread is bolstering similar aspirations among Boko Haram in Nigeria; President Obama looks to sidestep Congress in global climate change efforts. Catch up on the week in global energy with Recharge.
US airstrikes, which helped Kurdish peshmerga take back at least part of Mosul Dam over the weekend, are fueling speculation that oil motivated US involvement in Iraq. But the facts point otherwise. Also: Libya continues its reintegration into global oil markets; if the GOP captures the Senate, the US shale boom would likely accelerate. Catch up on the week in global energy with Recharge.
Ukraine's parliament is set to vote Tuesday on a package of sanctions against Russia that could include limiting the flow of Russian gas through Ukraine and to Europe. The move is a measure of desperation amid a Ukraine crisis that shows little sign of easing.
Oil prices barely moved on renewed US military action in Iraq; Souring Russia-EU relations means it could be a cold winter in Europe; Mexico moves ahead with opening its oil sector to foreign investment. Catch up on the week in global energy with Recharge.
New US and EU sanctions on Russia over Ukraine target some of the country’s most important sectors, including energy. But instead of cutting off Russia’s current oil and gas output, the new sanctions target energy technology critical to its future.
A new White House climate change report warns of the economic costs of delaying action on global warming. It comes as the EPA begins public hearings on controversial power plant regulations aimed at curbing climate change.
The Obama administration proposed new safety rules on oil trains Wednesday after a string of recent incidents brought new attention to a growing method of oil transportation. As pipeline construction lags behind domestic oil production, energy companies are turning to rail to get their product to market.
European officials are using transatlantic trade talks to push for access to the US shale oil and gas boom, largely off-limits due to decades-old trade restrictions on US energy exports. Environmental groups and consumer advocates oppose lifting the ban on concerns it will raise domestic energy prices and contribute to climate change.
South Stream, a proposed pipeline to bring Russian natural gas to southeastern Europe, threatens to undermine Europe's solidarity forged during the Ukraine crisis. Some see the pipeline as a necessary alternate supply of gas while others say it will only give Russia more leverage over European energy.
Climate change requires a rapid and dramatic decarbonization of the global energy supply, according to a new report. It comes as world leaders aim to learn from past failures in forging an international pact on climate change at international talks next year in Paris.
Sunni jihadists battled with Iraqi government forces for control of the country's largest refinery. Loss of the Baiji refinery wouldn't directly impact global oil markets, but it would exacerbate the Iraq crisis and further destabilize a fragile regional situation.
ISIS attacks in Iraq have sent oil prices soaring and cast further doubt on long-term growth in Iraq's oil sector. As recently as February, oil production in Iraq was booming – a sign of economic progress that traders worry will be reversed.
Gas talks between Russia and Ukraine threaten to fall apart as European officials fail to broker an agreement between the two over a longstanding gas price dispute. Ultimately, Russia and Europe have too much to lose to let them fail.
G7 leaders condemned Russia's use of energy as a weapon, and reaffirmed European efforts to secure and diversify their own supplies. Russia-Europe energy partnerships won't fade anytime soon, but the Ukraine crisis is pushing Western Europe to look inward for new energy supply while Southeast Europe charts its own course.
'We're committed to getting this done,' the White House's John Podesta said Friday of a new EPA proposal to limit carbon emissions from power plants. A business report showing a hit to the US economy contained 'fantasy job loss numbers,' he said.