Sue Bull reports on oil refinery Viva Energy's new plans for gas and a public bail-out.
Cira Pascual Marquina interviews former Venezuelan Vice President for Productive Economy Luis Salas about the impact of US sanctions on the Venezuelan economy and the Maduro government’s economic policy responses.
Chevron has become the second big oil company to abandon plans to drill for oil in the Great Australian Bight off the South Australian coast, a year after BP cancelled its plans to drill.
Oil companies say the Bight has similar potential to the Gulf of Mexico, site of the Deepwater Horizon oil spill of 2010, which was the largest marine oil spill in history and killed 11 people.
East Timor has taken Australia to the United Nations Conciliation Commission at the Permanent Court of Arbitration in The Hague under the United Nations Convention on the Law of the Sea (UNCLOS).
At issue is a permanent maritime boundary and the exploitation of oil and gas reserves in the Timor Sea — with East Timor accusing Australia of stealing badly needed resources that, by international law, belong to Asia’s poorest nation.
Three British oil companies are violating Argentine law by carrying out exploration efforts without permission from the state, Argentina says. Argentine Minister of Malvinas said on April 17 that an Argentine judge will soon open the prosecution against three British-based oil companies conducting exploratory activities in the Malvinas Islands, and possibly two others from the US. The Argentine government has stated that foreign companies are violating Argentine law by carrying out exploration efforts without permission from the state.