Natural resources and energy
ICJ grants Peru more ocean, maintains Chilean fishing grounds in ruling
On January 27th 2014, the International Court of Justice compromised in determining the maritime boundary between Peru and Chile, granting rights to key fishing stocks. Ruling on a case filed
Western energy companies to re-enter Iran’s oil and gas sector
The interim agreement on Iran’s nuclear programme with the international community began on January 20, and Iran has taken steps to attract foreign investments in its neglected oil and gas
Iran’s return prompts change to Saudi Arabia’s energy strategy
The Iranian nuclear deal poses a major threat to Saudi Arabia’s influence over both the GCC and OPEC, as Gulf nations reestablish relations with Iran. As a result, Saudi has
Despite India’s uncertain economy, solar energy is a good bet
While things seem to have turned around in the last couple of months, in 2013 India’s economy grew at its slowest rate – around 5% – in over a decade. However,
Peru’s informal mining sector threatens economic growth
Peru faces the critical challenge of regulating the informal mining sector. Leaning on the extractive industries for private investment, the rise of an extrajudicial gold rush could jeopardize economic progress. Much
Sustainability fears drive water pipeline in the Gulf
Representatives from the Gulf Cooperation Council (GCC) states met recently in Kuwait to discuss the construction of a new pipeline in the region. At a projected cost of $10.5 billion for
Investment in carbon industry increasingly exposed to environmental risks
Ignoring environment-related risks could trigger the next financial crisis. Oil companies and other carbon industry investors are exposed to some $7 bn in liabilities as a result of investing in “stranded
Five political risk factors affecting oil markets in 2014
Predicting oil trends was always a precarious job, and 2014 will not be any different in that regard. But the year ahead could bring developments with longer-term consequences for the
China’s territorial sovereignty dispute is all about energy
China seeks energy security through its territorial claim to the possibly ‘natural resource rich’ areas of the South China Sea, jeopardising diplomatic relations with the remaining five countries, who also
Shale boom prompts calls for expanded US oil and gas exports
As US energy production increases from newly tapped shale resources, powerful voices are calling for a reexamination of the limitation on US crude exports and for a faster process permitting exports of liquefied
