Personalities from the entertainment world and international diplomats pressured the Legislative Assembly to pass a law that would permanently ban the exploitation of fossil fuels in Costa Rica.
A record 79 private companies, including Engie of France and Pacific Exploration and Production Corp. of Colombia, have qualified to bid in the Dec. 15 auction now that Mexico's new laws have opened oilfield development to private companies.
QUITO, Ecuador -- A World Bank arbitration panel has ordered Ecuador to pay $1.8 billion, plus interest, to U.S. oil firm Occidental Petroleum for cancelling a contract.
Occidental sued...
A proposal recently made public by Belize's Ministry of Energy would allow for offshore oil exploration in 99 percent of Belize’s waters, including protected marine areas and world heritage sites, like the Great Blue Hole.
