The Oil & Gas Outlook for 2017 uses data from the major energy publications, interviews with industry insiders and analysts, information from companies and governments, along with its own in-house content to provide the reader a picture of where the oil and gas industry is headed in Latin America next year. The report includes graphs and tables illustrating the major trends in the industry.
Next year is expected to see the long-awaited rebalancing of the global oil market. Attempts by OPEC member countries to end the pumping craze that led to the collapse in prices in mid-2014, together with the projected drop next year in unconventional oil production in the US, could mark a turning point. There is thus a sense of moderate optimism in Latin America, although there will be marked differences according to the realities of each country. New governments and regulatory changes could have the biggest impact on the industry in Latin America in 2017.
Readers of the report include companies interested or involved in oil and gas in Latin America, government agencies, NGOs involved in the resource business and analysts in the field. Information is provided on all the participants in the report should further information be required."
If projections of a rebalancing of the oil market in 2017 are confirmed and the price of crude approaches US$60/b, offshore and shale projects in Latin America that are currently on hold could be revived. With state-controlled companies such as PDVSA, Pemex, Petrobras and Ecopetrol engaged in cost-cutting or asset sales, the key to increasing investment lies in regulatory and fiscal regimes. In this respect, the changes underway or planned in Brazil, Mexico and Argentina generate the highest expectations in the region.
- Figure: Oil Price
- Figure: Oil Price Forecasts
2. Brazil: Regulatory Changes in Sight
- Figure: Pre-salt
- Figure: Comparative Reserve Figures
3. Mexico: Energy Reform Tested
- Figure: Mexico Production
- Figure: Comparative Production Figures
4. Argentina: New Incentives in a New Environment
- Figure: Argentina
- Figure: Shale Promise
5. Colombia: Can the Decline be Halted?
- Figure: Colombia Wells Drilled
- Figure: Colombia Production
6. Venezuela: Bleak Prospects, but...
- Figure: Faltering Production
7. Bolivia: Changes
- Figure: Planned Production Investment
8. Ecuador: Block 43 Changes Scenario
- Figure: ITT Plans
- Figure: Production
9. Chile: Betting on Unconventionals
- Figure: Chile Fuel Imports
10. Guyana and Cuba: Growing Expectations
- What to Expect
- Agencia Nacional Do Petroleo Gas Natural e Biocombustiveis - Brazil
- Andarko Colombia Company
- BHP Billiton Petroleum
- Bp PLC
- CNH - Comision Nacional de Hidrocarburos
- Chevron Corp
- Conocophillips Co.
- ENAP - Empresa Nacional del Petróleo
- Ecopetrol SA
- Exxonmobil Corp
- Hess Corporation
- PDVSA - Petroleos de Venezuela
- PEMEX - Petróleos Mexicanos SA de CV
- Petroamazonas Ecuador
- Petrobras - Petroleo Brasileiro SA
- Petrobras Bolivia SA
- Repsol Bolivia SA
- Royal Dutch Shell PLC
- TEPBO - Total E&P Bolivie, Sucursal Bolivia
- Total SA
- Wood Mackenzie
- YPFB - Yacimientos Petrolíferos Fiscales Bolivianos