Energy Archive

Latin America’s major economies avoided the brunt of the global financial crisis, except for Mexico, whose 7 percent contraction in 2009 represented the region’s worst decline. The drop-off was primarily traceable to America’s recession: More than 80 percent of Mexico’s exports go to the U.S., and its major sources of foreign reserves — oil, remittances and tourism — depend heavily upon consumption north of the border. The loss of tourism revenues due to ongoing drug violence within Mexico and the emergence of H1N1 didn’t help matters. This year, as the panic subsides, Mexico’s economy is expected to return to positive […]

A large-scale deployment of clean energy technology is gaining speed on the global stage, causing shifts of significant geopolitical consequence. As clean energy moves from margin to mainstream, it is set to alter the balance of energy security and energy power among key regions of the world. Nations will redraw the energy map, both by assessing access to renewable resources and evaluating their traditional alliances. The degree to which frameworks are established so that clean energy drives not just competition, but also cooperation, will be key to determining the impact it ultimately has on international relations. Energy transitions take time. […]

The UAE raised quite a few eyebrows last December when it announced a $40 billion contract for setting up four nuclear power stations in its territory. But what surprised analysts even more than the size of the contract was who won it: a South Korean consortium led by Korea Electric Power Company (KEPCO), with Toshiba Westinghouse as a minor partner. KEPCO managed to beat out heavyweight rivals, including a consortium led by French major Areva and the U.S.-Japanese alliance of GE-Hitachi, to walk away with the deal. Pundits have talked quite a bit of late about the shift from West […]

Biofuels were hailed in the first half of the last decade as a green solution to reliance on imported petroleum, and a savior to farmers seeking higher prices for commodities in surplus. But in the second half of the decade, biofuels emerged as real and imminent threats to both environmental quality and food security, while being a costly and ill-conceived response to energy concerns. Agriculture and energy ministers met at a high-level conference at the Food and Agriculture Organization (FAO) in Rome in June 2008, and essentially glossed over these issues in endorsing continued government subsidies to the biofuels question. […]

In a two-round bidding procedure that concluded in mid-December, the international oil industry regained access to Iraq’s upstream resources for the first time since the 1975 nationalization, with service contracts awarded for the development of 13 major fields. Although some critics denounced the deals as a sell-off of Iraq’s resources to foreigners, Iraqi Oil Minister Husain al-Shahristani negotiated very good terms for them. Production will rise from the current 2.5 million barrels per day (mbpd) to 12 mbpd, and Iraq will be in control of every drop of oil extracted on payment of fees amounting to only $1 to $1.50 […]

“Iran engagement” is beginning to take on the attributes of kabuki theater, with all of the major participants engaging in pre-determined, stylized dance steps. The latest case in point is the announcement earlier this week by Iranian President Mahmoud Ahmadinejad that Tehran is now open to some form of the scheme proposed by the International Atomic Energy Agency last October, by which Iran would export its low-enriched uranium to France and Russia to be turned into fuel rods for its research reactor. As Howard LaFranchi reported, this “was received favorably by Russia, and it prompted Chinese officials to call for […]

When Nigerian President Umaru Yar’Adua left the country in November 2009 to seek treatment for a heart ailment, few anticipated that both he and Africa’s most populous country would end up on life support. The leadership crisis resulting from Yar’Adua’s failure to constitutionally hand over power to Vice President Goodluck Jonathan — either at the time of his departure or since — has had more than just political implications for Nigeria. It has rocked the oil sector and threatened to undo substantial security gains made in the oil-producing Niger Delta, following a mostly successful amnesty and demobilization program for the […]

In the 11 years since Hugo Chávez became president of Venezuela, the country has experienced almost constant political and economic drama. The past decade brought a cinematic — and ultimately failed — coup d’état against the president, a national strike that brought the economy to its knees, border disputes complete with tank deployments, and a string of controversial nationalizations of private businesses, to name just a few of the remarkable developments that have marked the Age of Chávez. Despite the stiff competition of years past, though, 2010 is already taking shape as a year of reckoning for the country, the […]

This WPR Special Report compiles news, analysis and opinion from WPR’s pages to provide insight into what some are calling the new “Great Game” — the political battle for influence and control over the production, sale and transit of oil and gas across Eurasia — from Europe to the Caucasus, to Iran, to South and Central Asia. Below are links to each article, which subscribers can read in full. Subscribers can also download a pdf version of the report. Not a subscriber? Subscribe now, or try our subscription service for free. South Asia, Iran and the IPI Pipeline Pipeline Politics: […]