Angola’s president-elect, João Lourenço, has a reputation for relative probity. But, he’s unlikely to rock the boat as Eduardo dos Santos remains party chairman.
The SEC and others are pressing Exxon to disclose more climate change risks to investors. But new research suggests shareholders are already pricing in those costs on their own.
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.
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.
Reuters/Siphiwe Sibeko
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.
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
Gary Ellem, University of Newcastle; Damien Giurco, University of Technology Sydney; James Ward, University of South Australia e Steve Mohr, University of Technology Sydney
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.
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…
Professor in Transport and Supply Chain Management and Deputy Director, Institute of Transport and Logistics Studies (ITLS), University of Sydney Business School, University of Sydney