Resources Archive

Drilling got underway this week off the still-disputed Falkland Islands, as an oil platform belonging to Desire Petroleum, a British company founded in 1996 for the specific purpose of oil and gas exploration in the North Falkland Basin, began operations on Feb. 22. The drilling, which is expected to last 30 days, marks the culmination of weeks of intense sparring between the Argentine and British governments over oil rights and shipping lanes in the South Atlantic. As the exploration progresses, the diplomatic battle between Argentina and the U.K. rages on. Tensions have been mounting since Feb. 16, when Argentine President […]

KAMPALA, Uganda — Ranging over hills that slope gracefully down into Lake Victoria, Kampala is arguably one of the more beautiful capitals in Africa. But the city’s beauty not only belies the numbing poverty in which most of Uganda’s residents find themselves, it also masks the country’s ugly politics. Case in point: The outcome of Uganda’s 2011 presidential election is a foregone conclusion, and no one — whether Uganda’s electoral commission, its legions of international donors, or the investors in its newly discovered oil fields — is likely to do anything about it. President Yoweri Museveni rose to power in […]

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 […]

Last week in Cape Town, South Africa, I was a keynote speaker at the massive Mining Indaba conference, the premier annual gathering of global extractive companies involved in Africa’s dominant economic sector. And the difference between the many military and aid conferences I’ve attended on Africa and this international commodities convention in Africa was telling. If you think most Americans now obsess over a “rising” China, you should know that we take a backseat to the Africans on this score. But whereas we often see China’s rise as a potential threat, Africans see it as an opportunity, and China’s “positive […]

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 […]

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: […]