The collapse in global oil prices has led to a steep decline in investment in Colombia’s hydrocarbons sector and reduced the value of its oil exports, depleting a key source of government revenue.
The election of President Mauricio Macri may signal the start of a new era in Argentine energy policy and cooperation with the United States, but the new government still faces challenges to increasing oil and gas production and erasing energy subsidies.
As Latin American countries reassess their energy policies in light of lower oil prices, there is an opportunity to apply lessons learned from the US experience to enact regulations that mitigate environmental risks, strengthen public support, and attract investment.
As global oil prices collapsed over the last two years, regional governments have started to lose their leverage in the energy industry. To attract international investors, they must offer increasingly favorable terms, which means ceding more of their own control.
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In the wake of the COP21 global climate talks, governments must shift attention to how they will actually follow through on the commitments made in Paris. One concept is central to achieving that goal – innovation.
Though the COP21 negotiations promise to be complex, they also present an opportunity for the region to address existing vulnerabilities.
To remain competitive, Brazil will have to revise its regulations and reverse many of the reforms instituted just a few years ago.
The hydrocarbons sector is at a turning point. Low prices and uncertain projections, competition for market share, geopolitical dynamics, growing environmental and social concerns, and questions about the future of fossil fuel and renewable energy sources necessitate analysis and discussion about the present and future of the industry and the challenges…
Have any countries in Latin America been particularly successful at diversifying their economies?
What does China stand to gain from investing in Latin America’s energy projects? Where is China looking next in the region?
With the recent decline in commodity prices, why have some countries have fared better than others?
With Brazil’s state oil company Petrobras engulfed in a massive corruption scandal, the government looks poised to introduce an energy sector overhaul.
The electrification of the transportation sector is crucial to reducing carbon emissions and tackling global climate change.
Given their close proximity to the United States, LAC countries are well-positioned to capitalize on the surplus of US gas exports and current buyer’s market.
The surge in US natural gas production as a result of the shale boom has implications for gas and LNG markets all over the world.
