Oil majors like BP and ExxonMobil are optimistic that low oil prices are helping them trim fat and right-size their operations. But those savings could come at the expense of oil field service companies like Halliburton and Transocean.
Cheap oil is good news for motorists at the pump, but the price downturn has hurt employment in the once-booming US oil industry – and that has implications for the broader economy.
Arctic drilling is becoming increasingly appealing as sea ice melts, and Russia is planning to use nuclear power to help run ports, coastal infrastructure, and oil and gas extraction.
The US has taken over a two-year chairmanship of the Arctic Council, an international forum consisting of the eight nations that have territory in the Arctic. Up until recently it has been held up as a model of international cooperation.
Low oil prices have hurt production everywhere – including Iraq, where oil revenue is needed to help rebuild after years of turmoil.
Heavily dependent on Russia for its energy needs, European trade negotiators are looking for a visible anchor to US energy supplies, writes Douglas Hengel of The German Marshall Fund of the United States.
A New York judge ruled that the writ of habeas corpus, which allows humans to challenge their imprisonment, applied to two chimpanzees held for research at a Long Island university. The decision could be a first step towards broader recognition in the United States of the legal personhood of apes and other animals.