Author: Charles Waine
Americas Correspondent
Suriname election soothes investor nerves
11 August 2020
Calmer political waters should help turn the country into a global exploration hotspot
Petrobras undeterred by tumbling profits
6 August 2020
Hefty financial losses and a depressed oil market fail to sway Brazilian NOC from pursuing ambitious upstream strategy
Bolivian election delay further dampens gas investment appetite
31 July 2020
The Andean country’s natural gas sector will be a casualty of a second vote being pushed back yet again
Pemex debt strategy at risk of unravelling
30 July 2020
The Mexican firm had made some progress arresting its hefty debt pile, but the economic downturn and government obsession with upstream targets has started to take its toll
US domestic M&A sent reeling
28 July 2020
Deal-making across the oil and gas patch has slowed to a crawl despite a swathe of potential devalued assets and strained companies eager to divest
Guyana’s deadlock chills the investment climate
23 July 2020
A worsening political crisis risks slowing the pace of oil sector growth in the small Latin American nation
Tapping Brazil’s natural gas potential
21 July 2020
Argentina’s Galileo aims to tackle the country’s lack of pipeline capacity through road tankers
Junk sale buys Oxy much-needed time
6 July 2020
US independent slices off chunk of near-term debt but ominous overhang remains an existential threat
No rebound in sight for US shale
30 June 2020
Domestic crude production will continue to be squeezed despite the modest oil price upturn and faces a long-term existential threat in the form of the Democratic manifesto
Chesapeake peers over the precipice
24 June 2020
Rapid expansion beyond core natural gas assets has stretched the firm to the verge of bankruptcy
Petrobras set for divestment hit
19 June 2020
Economic reality is likely to stall the breakneck speed of the Brazilian firm’s asset sales plan
Transition slips down the Latin American energy priority list
17 June 2020
State-controlled energy companies are well placed to lead the decarbonisation vanguard but must weigh other key government priorities
Caribbean small caps combine
12 June 2020
BPC consolidates its expansion into Latin America with takeover of Trinidad producer Columbus Energy Resources
Suriname’s election setback
4 June 2020
Development of the country’s oil sector faces a slowdown in the face of political instability and dire economic conditions
Clock ticking for Oxy
29 May 2020
Producer in race against time to generate funds needed to pay down mounting debts
IEA warns of investment chasm
29 May 2020
Energy funding poised to plunge as renewables fare better than fossil fuels
Petrobras issues stark warning on oil
21 May 2020
Brazilian heavyweight announces huge losses on assets it believes are no longer commercially viable
US indies batten down the hatches
19 May 2020
The sector is largely relying on balance sheet resilience to outlast the downturn. But without an imminent oil price recovery the threat of bankruptcy looms large
Mexico swims against the tide
12 May 2020
Reviving bidding rounds seems the rational answer to the country’s upstream woes. But the government remains defiant for now
Argentinian shale suffers further setbacks
1 May 2020
The government was relying on Vaca Muerta to solve its financial problems. But another default looms as Covid-19 disrupts growth plans
Texas searches for oil industry salvation
23 April 2020
Record low oil prices are compelling the state to consider proration. But greater measures may be needed to stave off financial ruin
Suriname steps out of the shadows
17 April 2020
Latin American nation becomes latest upstream hotspot on further exploration success
Mexico plays hardball
16 April 2020
Regional outlier initially baulked at Opec’s demand to scale back barrels, before bleeding oil revenues forced a rethink
Petrobras targets low-hanging fruit
8 April 2020
Brazilian company revises spending and downgrades production from high-cost assets to lessen financial burden
Oil sector faces unprecedented challenge
3 April 2020
Billions of people under quarantine and a global shutdown of business operations is devastating company finances
Economic malaise threatens to upend US indies
31 March 2020
Domestic oil sector in upheaval as producers forced to confront commodity price shock