REPORT + WEBINAR - Oil & Gas 2021 Outlook: A Road to Recovery
If the prevailing sentiment among oil and gas companies in Latin America at the start of 2020 was one of optimism – fueled by rising oil prices and myriad new exploration opportunities – the contrast with the imminent new year could hardly be starker. The coronavirus pandemic, which sent oil prices crashing to their lowest levels in decades in April as lockdown measures crippled demand, has left the sector with a collective sense of trepidation and uncertainty.
Latin America has been among the hardest hit regions, both on a human and economic level. The oil and gas sector was particularly exposed to headwinds in the first three months of the pandemic as rig counts plummeted and investments stalled.
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However, benchmark crude prices have steadily recovered in the second half of 2020, prompting operators across the region to restart suspended projects and upwardly revise capital spending. Although caution remains high, there is reason for operators to believe the worst has passed, and that Latin America and the Caribbean are ripe for new investment.
CONTENTS
- Braving the headwinds
- Graphic 1: Brent, WTI and OPEC prices (2020)
- Top projects
- Brazil: Pre-salt expansion
- Mexico: Ramping up priority fields
- Colombia: The year of fracking
- Guyana & the Caribbean: New offshore developments
- Argentina: Reactivation on the horizon
- Andean region (Bolivia, Ecuador, Peru): Midstream and downstream focus
- Social situation
- Brazil: Petrobras bets on Foz do Amazonas
- Mexico: No to fracking
- Colombia: Prior consultation
- Guyana & the Caribbean: A need for engagement
- Argentina: Union pressure
- Andean region: Rising friction
- Financing
- Brazil: Decision time
- Mexico: New difficulties
- Colombia: Tax incentives
- Guyana & the Caribbean: IDB Invest program
- Argentina: The biggest challenge
- Graphic 3: Oil production in Latin America & the Caribbean
- Auctions, licensing rounds
- Brazil: Testing global appetite
- Mexico: Rolling back reforms
- Colombia: Widening acreage catalog
- Guyana & the Caribbean: Suriname's shot at success
- Argentina & Uruguay: Juniors eye new blocks
- Andean region: A mixed bag
- Conclusion
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News in: Oil & Gas (Mexico)
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Other projects in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
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Other companies in: Oil & Gas (Mexico)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Pemex Exploración y Producción, S.A. de C.V. (PEP)
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Pemex Exploración y Producción, the E&P subsidiary of Mexican national oil company Pemex, is engaged in the exploration and production of oil, gas, and other hydrocarbons within...
- Company: Consorcio CCR Platforming Cangrejera, S.A. de C.V. (Consorcio CCR Platforming Cangrejera)
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Consorcio CCR Platforming Cangrejera S.A. de C.V., formed by Construction and Services Activities S.A., Sener Ingeniería y Sistemas S.A. and Dragados Proyectos Industriales de M...
- Company: Dragados Proyectos Industriales de México, S.A. de C.V. (Dragados Proyectos Industriales de México)
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Dragados Proyectos Industriales de México, S.A. de C.V. is one of the Mexican subsidiaries of Spanish construction company Actividades de Construcción y Servicios, S.A. (Grupo A...
- Company: Salina Cruz LNG JV
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The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: TFS Turbine Field Solutions, S.A. De C.V. (Turbine Field Solutions)
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Carso Infraestructura y Construcción, S.A.B. de C.V. (CICSA) (CICSA)
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Carso Infraestructura y Construcción (CICSA) is a Mexican company belonging to Grupo Carso's infrastructure and construction division. The firm is involved in the development of...
- Company: Ursus Aqualita LNG Partnership
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The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Grupo Profesional Planeación y Proyectos S.A. de C.V. (PYPSA)
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The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
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