Brazil’s Petrobras: Not Dead After All
Reading Time: 5 minutes
After years of financial uncertainty, the Brazilian oil giant is back from the brink – and beating regional competitors.
Energy & Commodities
Peace in Colombia’s Countryside? First, Turn On the Lights.
Reading Time: 4 minutes
Geography and a lack of security have stunted Colombia’s infrastructure development. The country needs to be connected for peace to take hold.
Petrobras: De vuelta a la cima
Este artículo está adaptado de la edición impresa de AQ sobre Colombia | Read in English | Ler em português Todos hemos leído los titulares: Petrobras, la empresa estatal de petróleos de Brasil, se ha convertido en los últimos años en un sinónimo de disfunción y corrupción, el epicentro del llamado escándalo de Lava Jato en el que por … Read more
Foreign Firms Show Renewed Interest in Bolivia’s Gas Fields
On his 100th day as president, Evo Morales sent the military to occupy Bolivia’s oil and gas fields in a bid to nationalize reserves of its most important resource. It was a dramatic statement that captured attention in Bolivia and beyond. A decade later, Morales is adopting a more pragmatic approach. There’s little fanfare this time, … Read more
Green Envy: What Argentina Is Learning from Chile’s Renewable Energy Boom
Argentines don’t like it when their neighbors across the Andes get the better of them. But few will deny that when it comes to green energy, Chile has the upper hand. Over the past three years, Chile has turned itself into the continent’s renewable energy powerhouse, while Argentina’s green promise has remained unfulfilled. That may … Read more
The Amazon’s Greatest Generation? A Forgotten History of World War II
Lourenço Canário da Silva never fought in World War II, but he was one of the unsung footsoldiers who contributed to the Allied victory. A poor laborer from the northeastern state of Ceará, Da Silva and some 34,000 other Brazilians were recruited to tap rubber in the Amazon forest between 1943 and 1945. The bounty … Read more
Mexico’s Energy Opening Looks Like a Success. Will It Last?
In Nov. 2013, just weeks before Mexico’s historic energy opening was signed into law, two-time presidential candidate Andrés Manuel López Obrador sent an open letter to the CEO of ExxonMobil, Rex Tillerson “informing” the executive that Mexico’s oil belonged to its people. López Obrador urged Tillerson to measure the costs of investing in Mexico should the reform … Read more
Brazil’s Farmers Are Ready for a Boom. Will the Government Let It Happen?
This article is adapted from AQ’s most recent issue, “Fixing Brazil.” To receive the print edition at home, subscribe here. In 1979, Brazilian rancher Flavio Turquino purchased 54,000 acres deep inside Mato Grosso, a landlocked state whose name means “thick forest,” for about $1 an acre. He had already scouted the land in his single-prop … Read more
Chile’s Unlikely Energy Success Story
Just five years ago, Chile was in the midst of an energy crisis. Argentina had stopped sending natural gas across the Andes, and the threat of blackouts and energy rationing was real. Energy prices were among the highest in the region, the sector was dominated by a handful of monopolistic utility companies, and the private … Read more
Petrobras and Similar Oil Companies Are Struggling. Now What?
Calling it a “crisis” would be an understatement. Across Latin America, several state-run oil companies that thrived during last decade’s commodities boom are now hemorrhaging billions of dollars a month, seeking emergency funds, laying off workers — and facing fundamental questions about what their future should look like. Following the sustained plunge in global oil … Read more
Deploy U.S. Energy Resources for Regional Growth
In the new issue of Americas Quarterly, we asked people, “What would you tell the next U.S. president about Latin America?” To see other authors’ responses, click here. Dear Mister / Madam President, It is often said that you can’t have your cake and eat it too. However, with respect to energy policy and Latin … Read more
Uruguay Oil Investment Bucks Global Pullback
After decades of standing by as neighbors Brazil and Argentina struck it rich in oil, Uruguay is getting into the action. Oil majors Total, ExxonMobil and Statoil are all making big investments in the tiny South American country, attracted by new projections that Uruguay may hold an “elephant” of an oil field. Problem is, with oil … Read more
This Week in Latin America: Obama in Havana, Venezuela in Crisis
Sign up here to get This Week in Latin America delivered straight to your inbox every Monday. Cuba, Argentina Host Obama: Cuba and Argentina each play host to U.S. President Barack Obama this week, with human rights issues shading both visits. Today, Obama will hold a working meeting with Cuban President Raúl Castro, who will then host a state dinner … Read more
Russia Is Beating China to Venezuela’s Oil Fields
This article is adapted from our 1st print issue of 2016. For a trial subscrition to AQ for just $1, click here. The late Venezuelan President Hugo Chávez, had long envisioned China becoming Venezuela’s biggest oil-sector production partner. So when Rafael Ramírez, then president of Petróleos de Venezuela, S.A. (PDVSA), announced in January 2013 that … Read more
Alberta’s Left Turn
Until this year, Alberta was known as Canada’s most conservative province. But in May, Albertans elected for the first time the left -of-center New Democratic Party (NDP) to run their government. The huge change at the top for Canada’s fourth-largest province in terms of population — and the country’s leading petroleum producer — will have … Read more
