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A Texas oil firm is fighting an uphill battle with the state of California to restart crude oil production and sales from three platforms in federal waters offshore Santa Barbara. Houston-based Sable Offshore Corp, led by industry veteran James Flores, is embroiled in contentious legal battles with California’s agencies and attorney general over a project to restore and re-launch a pipeline from the offshore fields to the coast. Faced with California’s opposition and lawsuits, Sable is proposing an alternative plan to ship oil via shuttle…
In a recent article, a professor at the Naval Academy argues that “Trump can leverage the Arctic to end the Ukraine war.” It’s clear that Trump was excited by the possibilities the article raised in ending the war. Written by Lyle J. Goldstein, a research professor at the China Maritime Studies Institute (CMSI) at the US Naval War College. The author makes the case that the key to ending the war lies in the Arctic. Goldstein argues that Trump’s announced plan to end the war swiftly “seemed increasingly out of…
For decades, Nigeria’s oil industry has faced a multitude of challenges. Despite having vast quantities of crude, the mismanagement of revenue, weak agreements with international oil companies, an underinvestment in infrastructure, and widespread oil theft have left many opposed to the ongoing production of crude. Now, Nigeria has high hopes for its renewable energy sector, as it looks to diversify its energy sources and boost energy security over the coming years. Oil theft has long been a problem in Nigeria, affecting both the financial…
After the discovery of oil in Suriname’s territorial waters in January 2020, the government in the capital Paramaribo pitched its hopes on an oil boom matching that of neighboring Guyana. You see, decades of economic mismanagement, excessive spending, and corruption wreaked havoc on the former Dutch colony’s economy. Over the last decade, gross domestic product (GDP) collapsed, plunging by over 10%, hitting Suriname’s population of over 600,000 particularly hard. This exploded in violence during February 2023, with protestors…
After decades of reliance on coal, South Korea has announced plans to close all coal-fired power plants by 2040. For Australia, this signals a likely steep decline in its coal exports in the coming decades, as one of its main trade partners reduces its coal use. The Australian government is now preparing for a fall in its coal exports, as South Korea, the third-biggest importer of Australian coal, plans to shift away from the “dirtiest fossil fuel”. Australia expects to export around $1.5 billion worth of thermal coal to South Korea…
