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
3 December 2024
Papua New Guinea’s LNG sector appears to be back on track, with other projects in the pipeline
2 December 2024
Crucial role of gas means country is laying the foundations to control physical and trading supply chains
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
Although Iraq remains a major crude exporter, it is still some way from becoming a regional energy supply hub. Ambitious new cross-border schemes aim to rectify that situation