Pablo Pardo

The Canary Islands Archipelago, an area in the Atlantic where oil tankers must sail carefully and inform the local authorities to avoid environmental damage,  is becoming the stage for a new chapter in the world’s race for oil. This week, the Spanish Supreme Court cleared Spanish oil company Repsol’s plans to drill up to three…

Aggressive nationalization of large profitable companies seemed to be a thing of the past until Monday, when Argentina seized control of YPF, the former Argentine oil and gas monopoly, from Repsol, Spain’s own former oil and gas monopoly. Top executives were forced out of YPF’s headquarters in Buenos Aires as Argentine President Cristina Fernández de…

On March 31 last year, a region in northern Spain quietly granted a concession of land, dubbed Arquetu, for natural gas exploration. In Cantabria, the Arquetu traditionally was known as a mythological traveler who carries a coffer full of gold coins and lives an extremely simple lifestyle. Having disappeared from Cantabria’s folklore, now the Arquetu…