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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
Brazil rides a production wave
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Argentina poised to surpass record oil production
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
Mexico’s energy ambitions weigh heavily on Pemex
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
The changing face of Argentina’s upstream
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Mexico’s new president faces fiscal crunch
While greater focus on decarbonisation is likely, economic pressures and huge debt burden could squeeze energy policy ambitions
Argentina opens up to international investors
The controversial trimmed down version of the ‘omnibus bill’ promises to attract more foreign investment to sectors including oil and gas, but critics raise concern it still goes too far
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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