Brazil combines a large oil potential with a relatively attractive oil and gas investment environment
Letter from South America: Brazil leads the way
Brazil stands out from the rest of the continent in terms of growth potential
As surging oil prices promise to breathe new life into declining oil sectors around the world, Latin America exhibits different prospects for growth. While Guyana and Suriname have had many recent discoveries and promise to absorb significant investment into upstream projects, Guyana’s plays are still in the early stages of development, and production will ramp up significantly only after 2025. Suriname is at an even earlier stage and will depend on further exploratory successes to justify significant production projections. In Mexico, President Andres Lopez Obrador has dashed hopes that the petroleum reforms brought in by his predecessor, Pena Nieto, would result in renewed vigour and rever
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
