New technologies that can help us to meet climate change targets are struggling to see the light of day. Incentives need to be fixed, and carbon pricing is at the heart of the matter.
‘Well do ya punk?’
Scotland's numbers look far worse than the UK's.
Barrels in Nigeria used for transporting oil to communities.
It is important to nurture local companies and increase domestic participation in Africa's emerging oil economies.
Workers prepare pipes to service an oil well.
South Sudan is not the only oil-dependent country suffering from the fall in oil prices. Nigeria and Angola are also having difficulties. One solution is for them to diversify their economies.
Woodside’s Karatha Gas Plant on Western Australia’s northern coast.
AAP Image/Rebecca Le May
Woodside's deferral of its floating gas project in Western Australia is just the latest blow low oil prices have dealt the industry.
High-rise buildings amid shacks in Luanda. President Dos Santo has announced plans to retire amid growing unease among Angolans over deepening poverty despite a recent oil boom.
Angola's Dos Santos is buying time. His promise to step down is an attempt to diffuse growing political tensions, as repression continues. He might relinquish his position, but not his power.
Could better regulations have persuaded Woodside not to mothball its Browse gas project?
AAP Image/Richard Wainwright
Woodside's decision to shelve its $40 billion Browse project off Western Australia's north is not a disaster, but it does highlight some areas where the gas industry needs to get much smarter.
Sunset in Scotland?
But will the rigs stop pumping?
Will oil ever bounce back?
Mikael Tigerström / Flickr
What will be the economic and political fallout as oil continues its slide toward $20 a barrel?
While oil prices have halved over the past year, the number of mergers and acquisitions has most definitely not.
The Angolan government failed to use revenues when the oil price was high to tackle massive social and economic challenges.
As the oil price crisis deepens, Angolans are beginning to ask what actually happened to the glut of oil dollars. Very little has come from the oil boom of 2004-14.
The shale oil revolution has only just begun.
Shale oil image from www.shutterstock.com
Oil price developments over the past 40 years have been truly spectacular, but the recent fall in oil prices is likely to last, thanks to increasing production.
Stored underground: a strategic reserve, or source of funds?
US Department of Energy
It's been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn't the best way to fund the Highway Trust Fund.
Offshore oil is not just a risk to the environment – if the world gets serious about mitigating climate change, these resources risk becoming stranded assets.
Green Fire Productions/Flickr
Big oil companies are moving to exploit new resources such as the Arctic or the Great Australian Bight. But are they worth the risk?
Australia likely has several decades of coal left in it yet.
Australia likely has decades of fossil fuels left to extract, export and burn. That could prove to be a problem if the world comes to an agreement on climate change. Here's four ways to help the economy, and the climate.
Steady as she goes.
Norway’s petroleum sector is its most important industry. The petroleum sector accounts for 21.5% of its GDP, and almost half (48.9%) of total exports. In 2013 Norway was ranked the 15th-largest oil producer…
German Chancellor Angela Merkel and French President Francois Hollande are in Kiev to discuss a peace plan.
Angela Merkel and Francois Hollande’s push for peace in Moscow has helped fuel optimism about the prospects for Russia’s spluttering economy. On the morning of the meeting, the rouble had strengthened…
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg.
In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…
When airlines fill up, it’s not always easy to work out the cost.
With oil prices on the decline, and analysts predicting record profits for the 2014/15 financial year, Qantas and Virgin Australia are under increasing pressure to abolish fuel surcharges and lower their…
Cooking on gas could be unpalatable when the bill arrives.
During Melbourne’s recent spell of hot weather, my air conditioner got a workout after a long hiatus. Technically it’s a split system that also could have been used during winter, but like many Melbourne…