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New Zealand is back open for business
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
US oil sector faces complicated path
Trump energy policies and changing consumer trends to upend oil supply and demand
Brazil looks to solve its energy security travails
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Nigeria bullish about oil recovery
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Low water levels at Lake Titicaca demonstrate the regional crisis
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Marat Aslan
27 October 2024
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Latin America feels the heat

Extreme weather conditions are compounding upstream challenges and pressuring governments across the region

Many Latin American countries are suffering their worst droughts in decades, affecting some of the region’s largest oil and gas producers. Several have not seen any rainfall in months, while further east major tributaries of the Amazon River have dropped to record low levels. Ecuador is among the worst hit. Already suffering a security crisis, the country is experiencing its worst drought in 61 years. Widespread blackouts have hit the power sector, while the government has been forced to ration electricity due to Ecuador’s dependence on hydroelectric power. Already, the crisis has had political implications. Ecuador’s minister of energy, Antonio Goncalves, resigned in early October and was r

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