Spain's Repsol oil giant and US firm Texas Yale Capital filed a class action lawsuit against the Argentinean state in New York on Tuesday for "compensatory damages" over the country's May 4 nationalisation of the firm's YPF division.
French Guiana, an overseas department bordering Brazil, is one of France's poorest regions, where unemployment is at a record level. But with oil being discovered, locals are starting to hope for a better life. Will they benefit from the black gold?
An Egyptian natural gas holding company has said it will suspend exports to Israel. According to the Egyptian company, Israel hasn't paid its dues in months, an accusation which Israel denies. Many in Egypt have criticised the gas deal - some analysts say the conflict is political, but several Israeli and Egyptian officials have downplayed the political aspect of the crisis.
Israel on Monday urged Egypt to reinstate a crucial natural gas supply deal that was cancelled over allegations that Israel had not paid its bills. Israel says the cancellation will cause an energy shortage and harm bilateral relations.
Spanish oil giant Repsol said it would fight for at least 8 billion euros in compensation from Argentina on Tuesday after President Cristina Kirchner announced plans to seize Respsol-controlled YPF, the country’s biggest oil company.
Argentina's President Cristina Kirchner announced on Monday that she will ask Congress to expropriate 51% of leading energy company YPF, which is controlled by Spanish giant Repsol, sparking concerns in Spain and the European Union.
France's highest court might annul a verdict against French energy giant Total over a giant 1999 oil spill off the Brittany coast, according to a legal source. The court may toss the case based on the claim that the boat was not in French waters.
In the United States, the Obama administration wants to limit carbon emissions from US power plants. That proposal is seen as putting a lid on the construction of new coal-powered plants. Markus Karlsson talks to the woman behind that policy, Lisa Jackson. She is the Head of the US Environmental Protection Agency.
French energy giant Total on Wednesday was preparing to launch a miniature submarine to inspect a massive gas leak at an oil rig in the North Sea, some 240 kilometres off the eastern coast of Scotland.
Finding a truly renewable energy source is a task scientists the world over are faced with. Transforming plants into "biofuels" was once a great hope, but the process requires energy and so may actually contribute to global warming. This week we explore whether a new generation of biofuels could succeed where the previous one failed.
