How Are Plunging Oil Prices Changing Petrobras’ Strategies?
What consequences does the global context—with both lower prices and falling demand—have on Petrobras’ long-term strategies and on Brazil’s oil and gas sector in general?
Analysis
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Impacts of Politics and Oil Price Collapse on South America’s Smaller and Emerging Producers
Political changes are shaping the outlook in many of South America’s smaller and emerging oil and gas producers, including Guyana, Suriname, Ecuador, Peru and Bolivia. At a webinar co-hosted by the Inter-American Dialogue and the National Capital Area Chapter of the United States Association for Energy Economics (NCAC-USAEE), panelists discussed how political developments and the oil price decline are likely to impact producers in the region.
What Does Maduro’s ‘Energy Emergency’ Mean for Venezuela?
How much will the latest sanctions hurt Venezuela’s oil production and exports, and will the move ultimately result in significantly more pressure on Maduro to step down?
Can Venezuela’s Oil Industry Ever Recover?
Once a major OPEC producer, Venezuela has witnessed a spectacular fall in oil production over the last 20 years under Hugo Chávez and Nicolás Maduro. In 2019, U.S. sanctions hastened this decline. Will Venezuela ever reclaim its place as a top oil producer?
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Can Western companies save Venezuela’s oil sector? Do they want to?
Lisa Viscidi and Nate Graham spoke with S&P Global Platts about the findings of a new report which argues that Western oil companies will be needed to revive Venezuela’s oil sector. They discuss the obstacles that could affect whether these firms increase production in the country under a new government, including US sanctions uncertainty, high taxes, and a shortage of workers and working infrastructure.
Reviving Venezuela’s Oil Sector: The Role of Western Oil Majors
With Venezuela’s state oil company in disarray, international oil companies will be the key to tapping the country’s oil resources. The Inter-American Dialogue interviewed eight large Western oil companies about the conditions that will determine how rapidly, and to what degree, they start or ramp up operations in Venezuela following a political transition.
Editor’s Picks: Top Content from the Energy Advisor 2019
Top content from the weekly Energy Advisor publications this year.
Venezuela’s Guaidó Needs U.S. Support to Retain Citgo: Palacios
Venezuelan opposition leader Juan Guaidó and his allies need continued U.S. support to prevent Citgo’s seizure, said Citgo Chairwoman Luisa Palacios.
Secretary Gustavo Lopetegui Explains the Argentine Energy Market’s Competitive Edge
Argentina’s economic crisis and the fiscal belt-tightening it demands have led to gradual cuts to wholesale electricity and natural gas subsidies for consumers and a liberalization of energy prices over the course of Mauricio Macri’s administration. This has helped make Argentina more attractive as a destination for energy investment despite its economic tumult, said Argentine Secretary of Energy Gustavo Lopetegui at an event organized by the Inter-American Dialogue on March 14.
Will Pemex’s New Oil Finds Reverse Output Declines?
Will Pemex’s most recent oil discoveries be enough to reverse the country’s output declines?
Mexico and Brazil’s Crude Politics
Until this year, resource nationalism—when a government asserts its control over a country’s natural resources—seemed to be on the wane in Latin America. But its potential return could set back Latin America’s two largest economies.
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Energy Policy in Brazil: What’s Next for Upstream, Refining and LNG?
The Brazilian oil & gas industry is going through its “largest transformation ever,” said Décio Oddone, Director-General for the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) at an event organized by the Inter-American Dialogue on June 28th.
Outlook for Energy in the Western Hemisphere
Latin America faces many challenges in developing its energy resources and providing clean, affordable and reliable energy. With presidential elections in Brazil, Mexico and Colombia next year, there is considerable uncertainty about future energy policy, as potential candidates in these countries have presented widely varying energy and economic policy platforms.
US-Latin America Energy Investment
While the Trump administration’s “America first” policies are aimed primarily at giving higher priority to national security and economic growth for the United States, the White House’s approach will have impacts on energy relations with the rest of the hemisphere that should also be considered.
Energy policy and the outlook for oil and gas in Brazil
Brazil is on track to double its oil and gas production following a series of energy policy reforms aimed at increasing investment.