Russia’s upper house of parliament is considering measures that would allow it to seize the property and assets of European and US companies in the event of sanctions against Russia. The economic damage of such a self-defeating move should give the Russian leadership pause.
After three years of decline, greenhouse-gas emissions are rising again, largely because of increased coal use. The best chance for the industry to erase its 'dirty coal' image is through carbon capture, which is making progress.
Russia hopes to mimic the success of shale oil in the US with the development of its own hard-to-reach oil reserves. Russia holds the largest deposits of technically recoverable shale oil at around 75 billion barrels of oil.
With much of the Middle East and North Africa in a static state of upheaval, Iran could be the unlikely winner of the post-Arab Spring energy prize, Graeber writes.
Energy companies across the globe are forming special units to respond to acts of terrorism after recent attacks in Algeria. With the economy just as much a viable target as any, counter-terrorism may becoming more than just the military's game.
The benefits of the North American oil boom on this side of the Atlantic are well-documented – and the same technologies might help developing nations. But Europe's energy industry, which separately became a target of a price-fixing investigation, could emerge as a loser.
Algerian moves to increase security after a terrorist attack on a natural gas facility in January don't address the underlying security threat of doing business there. Energy and other companies must beware of the destabilizing rivalries among Algerian leaders, who use extremist groups for their own ends.
In a lackluster economy, there hasn't been much from OPEC members to suggest there was any sort of revival, Graeber writes. But with seven of the 12 members of the cartel experiencing at least some form of upheaval, the cost of doing business suggests members may need more than a little bit of luck to return to glory.
Statoil could be sitting on between 40 million and 150 million recoverable barrels of oil equivalent in the North Sea, the company announced last week. The 40-150 million recoverable barrels estimate is still under a “high degree of uncertainty”, Statoil said, with additional appraisals ongoing to confirm the findings.
Alberta is considering new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40 percent per barrel, Graeber writes. The measure may be part of the government's push to allay Washington's concerns about the Keystone XL pipeline.