• Crude Oil

    Exploring for Oil in Nicaragua: Friends in High Places

    On 17 July, Nicaragua announced that US-based Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration. The wells will be drilled in the Tyra and Isabel blocks, which have undergone nearly 5,000 kilometers of seismic surveying since 2011. But Nicaragua's first exploration will not go off without a hitch—namely, the revival of a nasty territorial dispute with Colombia, and another with Costa Rica.
  • Hurricane Ida pummels Nicaragua east coast

    Hurricane Ida slammed into Nicaragua's Caribbean coast on Thursday after dumping heavy rain on little-developed offshore islands where hundreds of people were evacuated from flimsy homes.