Latin America

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…

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,…

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…

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…

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…

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…

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 Tuesday organized by the Institute of the Americas. “Gas remains the transition fuel in Brazil because it allows for the highest possible penetration…

South America, driven by Brazil and its vast offshore pre-salt development, has seen deepwater operational expenditure (opex) drop more than any other region this year, according to Rystad Energy. In deepwater, South America is dominated by Brazil. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of South America’s deepwater opex in…

Latin American liquids production is expected to rise 2.27% to 6.19 million b/d this year even as global oil demand has plummeted, according to the latest monthly report issued by the Organization of the Petroleum Exporting Countries (OPEC). The figure does not take into consideration Venezuela, Latin America’s only OPEC member, where oil production has…