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Related Articles
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
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
Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
Pemex scrambles to plug the gap
The NOC’s dire financial situation and maturing fields have left the authorities with little choice but to reduce crude expectations
Argentina Mexico Petrobras Equinor Brazil
Ruaraidh Montgomery
12 December 2019
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Latin America to attract 2020s upstream investment dollar

The region is well-placed to shrug off any transition headwinds, according to Welligence

The best upstream oil and gas opportunities will attract investment over the coming decade, despite headline-grabbing messaging around the energy transition. And a flurry of business development activity in recent years which have seen the industry’s largest E&P firms rapidly build exposure to some of the best resource opportunities around, from the Brazilian pre-salt to Argentina’s unconventionals, reinforce that Latin America will remain an attractive destination for investment While political risk in the region is, admittedly, never far from the surface, the industry’s appetite for what the region has to offer is clear. Exploration and development With uncertainty persisting around oi

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