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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
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Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
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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
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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
Argentina Mexico Petrobras Equinor Brazil
Ruaraidh Montgomery
12 December 2019
Follow @PetroleumEcon
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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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