Preliminary results from Mexico's first oil and gas auctions in nearly 80 years are promising—but pitfalls abound.
Removing the barriers to allowing a crude oil swap between the United States and Mexico would solidify the strong energy relationship between the two countries, and would allow Mexico to receive the same treatment as our other NAFTA partner, Canada.
With production rates continuing at their current level Colombia will run out of oil within 6.9 years unless new, major oil fields are found.
Recent discussions when in Caracas and Maracaibo have made clear that as soon as the late Venezuelan President Hugo Chávez died, the strategy of Petróleos de Venezuela S.A. (PDVSA) became “pragmatism” in the face of “necessity.”
The administration of President Federico Franco has been very bullish on Paraguay’s potential for hydrocarbon development, with declarations of potential reserves that border on hyperbole.
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