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The economic implosion started long before sanctions took hold.
Despite recent controversies, Brazil’s state-led oil firm has cause for optimism thanks to two recent deals that sharpen its focus on pre-salt oil.
Latin America stands to benefit from importing U.S. natural gas.
Even in a distressed oil market, Uruguay is attracting major investments, with Tullow Oil telling AQ it plans to make a 'major seismic acquisition in 2017.'

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.”

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