Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Many Latin American countries are suffering their worst droughts in decades, affecting some of the region’s largest oil and gas producers. Several have not seen any rainfall in months, while further east major tributaries of the Amazon River have dropped to record low levels. Ecuador is among the worst hit. Already suffering a security crisis, the country is experiencing its worst drought in 61 years. Widespread blackouts have hit the power sector, while the government has been forced to ration electricity due to Ecuador’s dependence on hydroelectric power. Already, the crisis has had political implications. Ecuador’s minister of energy, Antonio Goncalves, resigned in early October and was r
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub






