Latin America

Latin American National Oil Companies Booming, but Stymied by Politics

Latin American National Oil Companies Booming, but Stymied by Politics

National oil companies (NOCs) in Latin America enjoyed record profits in the second quarter on the back of high oil and gas prices, but they remain under pressure from governments facing economic crises. The high oil and gas price environment “has come with a downside which is that in the domestic market, it is very…

September 6, 2022
South American Natural Gas Imports Slump Amid War in Europe

South American Natural Gas Imports Slump Amid War in Europe

Imports of liquefied natural gas (LNG) in South America are down this year with energy alternatives such as hydropower serving as their replacement. Kpler analyst Ryhana Rasidi told NGI that around 2.6 million tons (Mt) of LNG has landed on the continent this year as of the end of May. That’s 0.99 Mt lower than…

June 8, 2022
Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

May 9, 2022
Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

May 6, 2022
Halliburton, Schlumberger, Baker Hughes Report ‘Widespread’ Growth Across Latin America

Halliburton, Schlumberger, Baker Hughes Report ‘Widespread’ Growth Across Latin America

Business is booming for Latin America’s upstream oil and gas segment, according to the world’s three leading oilfield services providers. The management teams of Halliburton Co., Baker Hughes Co. and Schlumberger Ltd. each reported strong year/year growth in the region during their respective first quarter earnings calls, and indicated they expect the trend to continue. …

April 25, 2022
Brazil Natural Gas Market Said Ready for Growth Following Reforms

Brazil Natural Gas Market Said Ready for Growth Following Reforms

Market-friendly reforms and rising output from the offshore pre-salt region have laid the groundwork for Brazil’s natural gas market to grow, a panel of experts agreed at CERAweek in Houston. President Jair Bolsonaro last year signed a highly anticipated natural gas law aimed at opening up access to the pipeline network and promoting competition in…

March 14, 2022
Venezuela Poised to Provide U.S. Additional Barrels in Wake of Russia Oil Ban

Venezuela Poised to Provide U.S. Additional Barrels in Wake of Russia Oil Ban

In another sign of the dramatic overhaul in the world order, the U.S. government has reengaged with Venezuela’s President Nicolás Maduro to potentially undo oil sanctions on the Latin American nation. In an address on state television, Maduro called a weekend meeting at the Miraflores presidential palace with U.S. officials “respectful, cordial, and very diplomatic.”…

March 8, 2022
Spain’s Repsol Upping Capex to Pre-Pandemic Levels, with Latin America E&P Focus

Spain’s Repsol Upping Capex to Pre-Pandemic Levels, with Latin America E&P Focus

Spanish integrated energy company Repsol SA expects to increase capital expenditures (capex) to pre-pandemic levels of 3.8 billion euros ($4.3 billion) in 2022, according to CEO Josu Jon Imaz. The Madrid-based firm has an exploration and production (E&P) presence in 15 countries, including an extensive portfolio throughout the Americas. The forecast increase in capex is…

February 23, 2022
Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Latin America Playing ‘Disruptive’ Role in Global LNG Market on Drought-Driven Demand Swings

Although headlines on current tightness in the global natural gas market have mostly focused on Europe, Latin America has played a role in the crisis as well, according to Columbia University’s Luisa Palacios. Palacios, a senior research scholar at Columbia’s Center on Global Energy Policy, spoke to NGI’s senior Mexico and Latin America editor Christopher…

January 24, 2022
LNG’s Latin American Growth – Listen Now to NGI’s Hub &Flow

LNG’s Latin American Growth – Listen Now to NGI’s Hub &Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Mexico & Latin America editor Christopher Lenton sits down with senior research scholar Luisa Palacios of the Center on Global Energy Policy at Columbia University. They discuss what is driving soaring liquefied natural gas demand (LNG) in Latin…

January 24, 2022
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