Latin America

Latin American Oil, Natural Gas Companies Positioned to Prosper in Coming Years

Latin American Oil, Natural Gas Companies Positioned to Prosper in Coming Years

Oil and gas prices are on the up and Latin American producers should be able to reap some benefits thanks to recent cost-cutting efforts, according to a new report from Fitch Ratings. Latin American oil and gas companies have before tax full-cycle costs of approximately $34/bbl, Fitch said. This is well below most price forecasts…

June 29, 2021
Latin American Outlook Improving for Oil and Natural Gas Activity, Say OFS Giants

Latin American Outlook Improving for Oil and Natural Gas Activity, Say OFS Giants

The outlook for oil and gas exploration and production (E&P) in Latin America is improving as demand and prices strengthen, according to the first quarter earnings reports by the top three oilfield services (OFS) titans. Schlumberger Ltd, Halliburton Co. and Baker Hughes Co. each reported sequential revenue increases from the region, with management teams forecasting…

April 26, 2021
LatAm NOCs Under Pressure as Natural Gas, Oil Demand Recovers

LatAm NOCs Under Pressure as Natural Gas, Oil Demand Recovers

Latin America’s national oil companies (NOCs) must perform a difficult balancing act as they seek to bounce back from the pandemic and shore up profits and reserves, a panel of experts said during a virtual event Tuesday. Oil “is at the heart of economic, social [and] fiscal issues in Latin America,” said Mauricio Cárdenas, who…

April 21, 2021
Mexico Seeking to Join Latin American Peers in Hydrogen Push

Mexico Seeking to Join Latin American Peers in Hydrogen Push

As numerous Latin American nations announce hydrogen projects with an eye toward the global market, Mexico is looking to join the party. “At a federal level, nothing is really happening,” Mexico energy expert Gonzalo Monroy told NGI’s Mexico GPI, “but there are initiatives at the local level.” One of those initiatives was the formal launch…

April 8, 2021
Latin America Looking to Take Slice of Global Hydrogen Pie

Latin America Looking to Take Slice of Global Hydrogen Pie

As Latin American nations establish aggressive climate goals, hydrogen is poised to become an important part of the energy puzzle, but numerous operators in the region are thinking bigger and toward the global market. Latin America could become “a key contributor to the global push toward low‑carbon hydrogen,” according to a recent study by the…

April 6, 2021
Latin American Upstream Oil, Gas Activity Emerging from Coronavirus Slump

Latin American Upstream Oil, Gas Activity Emerging from Coronavirus Slump

Latin America’s oil and gas producing countries are returning to pre-coronavirus levels of activity after a year of uncertainty and disruption. Last February, just before the coronavirus reached the region, 184 oil and gas rigs were active across Latin America, according to information from oilfield services provider Baker Hughes Co. Drilling activity dipped, then plunged,…

March 23, 2021
LNG Imports in Latin America Fall as Pandemic Takes Toll

LNG Imports in Latin America Fall as Pandemic Takes Toll

Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…

October 22, 2020
Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization

Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization

As Latin America’s national oil companies (NOCs) pivot toward partnerships with the private sector and divestment of non-core assets, Mexico’s Petróleos Mexicanos (Pemex) remains an outlier even in the wake of Covid-19, a panel of experts agreed earlier this month. Even before the pandemic, the region’s oil-exporting countries were struggling to navigate a “lower-for-longer” oil…

October 21, 2020
Latin America Sees Sharpest Decline in LNG Imports Amid Pandemic, Data Show

Latin America Sees Sharpest Decline in LNG Imports Amid Pandemic, Data Show

Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…

October 19, 2020
Brazil Seen as Driver of Latin America’s LNG Demand in Coming Years

Brazil Seen as Driver of Latin America’s LNG Demand in Coming Years

Brazil is set to be the center of new liquefied natural gas (LNG) demand activity in Latin America at least over the next decade, according to experts who spoke at a webinar last week organized by the Institute of the Americas. “Gas remains the transition fuel in Brazil because it allows for the highest possible…

September 23, 2020
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