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Related Articles
Colombia races to shore up gas supply
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist 
LNG steps in as Brazil’s gas boom masks tight marketable supply
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia, tells Petroleum Economist
Outlook 2026: South America’s oil growth story masks hidden risks
Brazil, Guyana and Argentina to lead additional crude supply increases, but the rest of the region remains patchy
Brazil could be an energy trailblazer
The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability
Mexico must overhaul its NOC
Crucial structural reforms and change in operating philosophy are needed to arrest PEMEX’s ongoing decline and restore oil production growth
Mexico’s upstream Pemex gamble
The government refuses to expand E&P access despite the NOC’s high debt pile, falling crude output and growing gas import dependence
YPF reinvents itself
Under a new Argentine president and company CEO, YPF has shed dozens of non-core assets as it doubles down on the Vaca Muerta shale and LNG
Arrow’s oil positivity defies Colombia headwinds
CEO Marshall Abbott highlights success in the Llanos Basin and explains why Colombia has a lot of untapped potential
Brazil looks to solve its energy security travails
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
Major upstream decline threatens Mexico’s energy security
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
Gulf of Mexico Mexico Brazil Argentina Colombia Shell
Rodrigo Lucchesi
Rio de Janeiro
26 March 2018
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Latin America lines up bid rounds

Attractive auctions will see the region compete for international investors

2018 will be a busy year in Latin America. As elections loom, threatening a major rupture in the political landscape, several of the region's most prolific oil producers will be hosting hotly-anticipated licensing rounds. Previous waves of nationalism have given way to market-friendly reforms that are enticing international investors back to the region. Now sitting governments are racing to capture majors' dollars before it's too late. But in an era of cautious spending, so many offers at the same time will generate heated competition among these countries for oil companies' investment. Each country has its pros and cons: Brazil holds the biggest opportunities, with its low-risk and high-pot

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