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Geopolitics / South America

The Demise Of Petrocaribe

May 10, 2018 at 10:44 | Jose Chalhoub

Petrocaribe was a mechanism created in 2004 under the sponsorship of former Venezuelan President Hugo Chavez, allegedly to promote energy cooperation and integration between Venezuela and a number of states…

Did Venezuela Just Lose A Key Ally?

Mar 21, 2018 at 14:58 | Nick Cunningham

Venezuela’s debt crisis is only expected to grow worse this year, and the government could be without one of its most important benefactors, raising the odds of yet another default.…

Venezuela Rakes In $735 Million From El Petro Proceeds

Feb 21, 2018 at 09:17 | Irina Slav

Venezuela said it had generated US$735 million from the pre-sale of its cryptocurrency backed by crude oil. President Nicolas Maduro saw cryptocurrency sales as a way around Venezuela’s severe…

A Long-Term Threat To Colombian Oil

Feb 06, 2018 at 12:04 | Global Risk Insights

Tracking attacks on oil and gas infrastructure in Colombia can be a mammoth task. Since it was inaugurated in 1986, the Caño Limón–Coveñas pipeline, operated by state-owned company Ecopetrol (NYSE:EC),…

Maduro: Venezuela Could Stop Crude Oil Sales To U.S.

Nov 29, 2017 at 10:56 | Tsvetana Paraskova

True to his ‘anti-imperialistic’ rhetoric, Venezuela’s embattled President Nicolas Maduro now says that his country could stop selling its crude oil to the United States. “The day that they…

Maduro Tightens Grip On PDVSA As Production Plunges

Nov 27, 2017 at 09:25 | Irina Slav

In a surprise move, Venezuelan President Nicolas Maduro named a National Guard major general as the new head of PDVSA and the country’s oil ministry. The appointment does not bode…

Venezuela To Try US Citizens & Former Citgo Executives As Traitors

Nov 23, 2017 at 09:18 | Irina Slav

Six Citgo executives—US citizens—that Venezuela arrested as part of a corruption sweep will be tried as traitors, President Nicolas Maduro said. Citgo’s President Jose Pereira and five senior executives…

Cash Strapped Venezuela To Import Gasoline As Crisis Escalates

May 19, 2017 at 16:30 | Luis Colasante

For over forty days, hundreds of thousands of Venezuelans have taken over the main streets and roads of the country to protest against the dictatorial Venezuelan regime. Since the protests…

Venezuela Is The Wild Card In The OPEC Deal Extension

Apr 10, 2017 at 13:46 | Jacob Urban

News coming out of Venezuela over the past two years has reeked of corruption and failed political leadership: a long list of shortages, rampant poverty, incrimination of the…

Latin America Energy Advisory – 7th February 2014

Feb 07, 2014 at 14:53 | Editorial Dept

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…

BG Group to Start First Honduras Exploration

Jan 21, 2014 at 17:01 | Charles Kennedy

UK-based BG Group is preparing to launch oil and gas exploration on Honduras's Atlantic coast with an initial investment of at least $20 million, marking the first contract…

What Mexico’s “Pemex Reform” Really Means

Dec 19, 2013 at 21:50 | Editorial Dept

Bottom Line: Mexico’s Senate on 11 December—after a 19-hour session—approved legislation to modernize the energy sector and open it up to private investment, though some of the bill’s points are…

Amid Declining Latin American Output, Colombian Oil is Booming

Dec 10, 2013 at 17:11 | Nick Cunningham

Oil production has been stagnating or declining in many Latin American countries (Brazil, Mexico, Venezuela, and Ecuador), but Colombia is quietly ramping up production. Colombia’s oil production lagged over the…

Chile, Bachelet and the Ostensible ‘Lurch to the Left’

Nov 29, 2013 at 15:58 | Southern Pulse

Bottom Line: How far left will Bachelet take Chile? Not as far as it might seem in the face of continual political stalemate.

China Optimistic on Peru Outlook, but Other Investors Wary

Nov 08, 2013 at 16:55 | Editorial Dept

Bottom Line: China’s optimism as it enters final talks to acquire Petrobras’ assets in Peru is not shared yet with other potential foreign investors as the country fails to make…

Elections in Argentina May Quicken Investment Pace

Oct 25, 2013 at 16:03 | Editorial Dept

Bottom line: Opposition to the economic policies of President Cristina Fernández Kirchner will translate into votes for anti-kirchneristas, and may contribute to a quicker pace of investment going into 2014.

Push-Back from Investors Improves Libra Prospects

Oct 18, 2013 at 16:41 | Editorial Dept

Bottom line: In its final rules for the Libra auction scheduled for 21 October, the government of Brazil loosened the mandate to permit the winning bidder to retain 50% of…

China to Stake Claim off Brazil’s Coast

Oct 11, 2013 at 16:07 | Editorial Dept

Bottom line: China likely to stake a claim off Brazil’s coast through Libra pre-salt auction, but at a potentially high environmental cost for Brazil.Analysis: Given the small field…

Risks Abound in Mexico’s New Oil Laws

Aug 29, 2013 at 17:01 | Global Risk Insights

Much has been made of the recent announcement that Mexico is seeking to update its oil laws, allowing foreign companies a role in the industry for the first time…

Exploring for Oil in Nicaragua: Friends in High Places

Aug 23, 2013 at 15:30 | Southern Pulse

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…

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