Politics, Business & Culture in the Americas

Pemex Is at a Crossroads

Mounting debt and declining production have put the state-owned oil company on a precarious path.

Oil Rig

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

Rafael Ramirez PDVSA_lubrio 510x340

The PDVSA Post-Chávez: Will Partnerships with the Private Sector and Chinese Experts Boost Oil Production?

Throughout 2012, and especially after President Hugo Chávez’ death in early March 2013, Venezuela’s national oil firm, Petróleos de Venezuela S.A. (PDVSA), has taken measures beyond anything done in the past decade to raise its lagging production. While the likely impact merits cautious analysis, the drivers of the Bolivarian Republic’s scramble for increased oil revenues … Read more

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