For the first time in nearly 80 years, Mexico opened its oil industry to foreign investors, offering 14 offshore exploration blocs—but only two sold, and not to industry majors.
With his own country in turmoil, Foreign Minister Nikos Kotzias spoke in Jerusalem of developing an "axis of security" made up of Greece, Cyprus and Israel.
Obama's five-year plan for offshore drilling opens up the Southeast coast and grandfathers Arctic leases—but the industry is still griping because it would keep ANWR off limits.
Development of the Gaza Marine 1 and 2 offshore blocs has been held up by conflict over the Strip and its waters. Is "Protective Edge" aimed at securing them under Israeli control?
As expected, Mexico's "energy reform" will provide a big opening for multinationals, along with more fracking, more deep-sea drilling, and more carbon dioxide.
Costa Rica is preparing a new complaint against Nicaragua at The Hague, accusing Managua of offering Costa Rican maritime territory to international oil companies.
In a 40,000-strong Mexico City demonstration, union members and opposition activists pledged civil disobedience to halt President Enrique Peña Nieto’s energy sector reform.
A near confrontation between Chinese and US aircraft over disputed East China Sea gasfields comes amid major joint US-Japanese naval maneuvers off Okinawa.
Trial began in US District Court for the Eastern District of Louisiana between individuals affected by the 2010 Deepwater Horizon oil spill and British Petroleum.
Leftists are ironically rallying around Chuck Hagel as Obama's apparent pick for Secretary of Defense—a conservative Republican who is wary of the neocons but close to Big Oil.
The oil and energy industry are funding both candidates—but not equally. Romney has received $6 million from individuals and PACs linked to the industry; Obama $1.6 million.
Romney’s new energy plan is billed as a drive towards “energy independence”—yet ironically mirrors the plan Obama unveiled two years ago to lift current restrictions on offshore drilling.
