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Geopolitics / South America

Maduro Clings To Power As Venezuela’s Oil Collapse Continues

Jan 10, 2019 at 16:38 | Nick Cunningham

Venezuelan President Nicolas Maduro was inaugurated for a second term on Thursday, despite presiding over an economic meltdown of historic proportions and his status as an international pariah. A coalition…

Venezuela: A Real Threat To Guyana's Oil Boom

Dec 27, 2018 at 09:27 | Nick Cunningham

Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy…

ExxonMobil Faces Off With Venezuela’s Navy

Dec 24, 2018 at 09:25 | Irina Slav

Exxon has suspended exploration activities in the western part of the Stabroek block offshore Guyana after the Venezuelan Navy intercepted this weekend two exploratory vessels in what Caracas claimed was…

Is Trump Eyeing A Coup In Venezuela?

Sep 27, 2018 at 16:55 | Nick Cunningham

The Trump administration and some others in the U.S. government have sent some not-so-subtle hints lately that they are open to a military invasion of Venezuela to oust President Nicolas…

Venezuela Can Wreck U.S.-Chinese Relations

Sep 21, 2018 at 17:10 | Irina Slav

When the New York Times earlier this month reported that President Trump had met with Venezuelan military officers unhappy with the country’s government to discuss a coup against Nicolas…

Crackdown Looms As Maduro Survives Assassination Attempt

Aug 06, 2018 at 16:39 | Nick Cunningham

Venezuelan President Nicolas Maduro has begun rounding up suspects after he avoided an attempted assassination over the weekend, raising the possibility of yet another security clampdown on the already suffering…

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.

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