South & Central America
Venezuela's oil revolution is stalling
9 March 2009
Falling oil prices are playing havoc with the ambitions of the world's petro-nationalist countries. Venezuela has some backtracking to do
Bolivia: Cementing new friendships
9 March 2009
President Evo Morales is making some headway with efforts to bolster dwindling foreign investment in the country's energy sector
ExxonMobil bids adiós
1 December 2008
As investment conditions worsen, private-sector oil companies are pulling out of Latin America. ExxonMobil is leading the way
Petrobras' pre-salt plans under threat
25 November 2008
The financial crisis is threatening Petrobras' plans to fast-track pre-salt reserves development, offering opportunities for foreign firms. China's CNOOC is among the interested investors, writes Robert Cauclanis
Cuba claims oil jackpot
1 November 2008
Brazil: Increased state control could deter investment
1 October 2008
PETROBRAS made a second discovery in the Santos basin's BM-S-11 block, offshore Rio de Janeiro, in September, writes Robert Cauclanis. The Iara field, the operator claims, holds 3bn-4bn barrels of recoverable reserves, of mostly light oil. The block's other discovery is the 5bn-8bn barrels of oil equivalent (boe) Tupi discovery.
Petrobras on top
1 July 2008
PdV has long been Latin America's pre-eminent oil company. But it is losing ground to Petrobras, writes Robert Cauclanis
Out with the old ...
1 March 2008
Venezuela's national oil company, PdV, needs investment partners for its ambitious projects in the country's Orinoco heavy-oil belt. China's state-owned CNPC may be among them, writes Robert Cauclanis
Energy reform takes another radical twist
1 March 2007
As he starts a new, six-year term, President Hugo Chávez has promised further nationalisation measures. Foreign companies face an uncertain future, reports Robert Cauclanis from Caracas
Argentine reform moves slowly
1 January 2007
For an economy that has recently been growing at 9% a year, it is remarkable how little energy investment has been made in the country, writes Robert Cauclanis
Bolivia faces gas shortfall
1 November 2006
Bolivia turns screw on Brazil
1 August 2006
Argentina has agreed to increase the price it pays Bolivia for gas supplies. That will put more pressure on Brazil to agree to new terms, writes Robert Cauclanis
Chinese takeaway
31 May 2006
Evo sticks to his word
31 May 2006
The government's decision to nationalise Bolivia's hydrocarbon's industry means the country's national treasure is likely to remain buried, writes Robert Cauclanis
Awaiting policy decisions
1 April 2006
Bolivia's new government is still trying to work out how to implement its promise to nationalise the gas sector. But, amid growing demand from its neighbours for its gas, a full nationalisation looks neither in the country's interests nor feasible, reports Robert Olson