• 3 minutes Natural gas is crushing wind and solar power
  • 6 minutes OPEC and Russia could discuss emergency cuts
  • 8 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 11 minutes Question: Why are oil futures so low through 2020?
  • 13 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 34 mins Oil and gas producers fire back at Democratic presidential candidates.
  • 5 hours So the west is winning, is it? Only if you’re a delusional Trump toady, Mr Pompeo, by Simon Tisdall
  • 9 hours Peak Shale Will Send Oil Prices Sky High
  • 16 mins "Criticism of migration will become a criminal offense.  And media outlets that give room to criticism of migration, can be shut down." - EU Official to the Media.
  • 2 hours Fight with American ignorance, Part 1: US is a Republic, it is not a Democracy
  • 10 hours Charts of COVID-19 Fatality Rate by Age and Sex
  • 3 hours CDC covid19 coverup?
  • 18 hours Democrats Plan "B" Bloomberg Implodes. Plan "C" = John Kerry ?
  • 1 day “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy

Latin America Energy Advisory – 7th February 2014

This week we’re stepping back to focus on Latin America again due to the volume of energy developments in the region. This week and last we were debriefed by our partners at Southern Pulse on these latest developments of concern to current and potential investors in the region.

Panama

The Grupo Unidos por el Canal (GUPC) consortium warned on 20 January it would halt expansion work on the Panama Canal unless the government paid the US$1.6 billion in overruns incurred because the canal authority allegedly gave the builders incorrect geological information. Canal administrator Jorge Quijano emphasized that construction would go ahead with or without GUPC. On 22 January, Panamanian Finance Minister Frank De Lima said Panama was exploring alternatives should GUPC abandon the project, though he refused to say whether other builders had been contacted.  On 5 February, the Spanish building company leading the Panama expansion project denied that work has been halted and said no date had been set for a halt to construction. Earlier that same day, the Panama Canal Authority (ACP) announced that talks with the Spanish-led consortium behind the project had broken down.

We are watching these canal developments closely, because there are plans for a rival Nicaragua canal as well, which would have significant geopolitical consequences.

Panama has decades of experience managing maritime operations. The Panama Canal expansion will allow for larger “post…




Oilprice - The No. 1 Source for Oil & Energy News