IPD EnergyNet
Our thought provoking and timely analysis of the energy industry offers IPD clients a unique local perspective that enables them to better understand energy dynamics and create opportunity.
Venezuela
January 23: Demonstration Day
Venezuela’s political dynamics are quickly intensifying. Following violent protests overnight, the opposition’s latest surge will culminate (for now) with today’s massive demonstrations, called for by National Assembly President Juan Guaidó on January 11. The opposition seems to be on a roll with massive support across all sectors of society. It is the military however, that will have the last say today.… [READ MORE]
Venezuela
Curacao Set to Remove PDVSA from Isla Refinery
The Curacao government has preliminarily chosen Saudi Motiva Enterprises to operate the Isla refining facility as PDVSA’s contract comes to an end. This asset was key for PDVSA when Venezuela’s crude oil production exceeded 2 mmb/d. PDVSA did not use the Isla refinery or its Bullen Bay terminal for most of H2 2018. In a recovery scenario, Isla could have offered easy-to-access options. But ultimately, the terminal may just be a geographical pawn in a strategic game.… [READ MORE]
Mexico
2019 Federal and PEMEX Budgets
Happy Holidays! 2019 is upon us and Mexico has approved its first federal budget under President Andrés Manuel López Obrador (AMLO). All eyes were waiting to see if AMLO would deliver on his campaign promises of high social and infrastructure spending while cutting federal institution budgets across the board. Although the final budget did deliver on many of these promises, they were much less and/or tamer than what was touted. And not all of the spending promises will kick in immediately. IPD reviews the budget’s highlights, mishaps and impact on the energy sector.… [READ MORE]
Venezuela
2019 Political Expectations
President Maduro is set to take the oath of office once again on January 10. Many observers have begun to identify that day as a potential inflection point for Venezuela. With the opposition-led National Assembly beginning a new term and appointing new leadership, there would seem to be another opportunity to effect real change. But make no mistake. Maduro is deeply entrenched, and will not willingly let go. … [READ MORE]
IPD News & Press
Colombia’s Energy Policy (E&P and Renewables) under Duque Finally Starts to Take Shape
Wednesday, January 2, 2019
As 2019 kicks off, Colombia finds itself broadly stuck in limbo. During the first six months of last year, investment was put on hold pending the outcome of a highly contested presidential election between economically conservative Iva. . . [READ MORE]
Few Clear Signals for Mexico’s Fledgling Natural Gas Market as AMLO Prepares to Take Office
Tuesday, July 24, 2018
NGI
24/07/2018
Following the decisive and historic victory of Andres Manuel Lopez Obrador in the July 1 presidential election, Mexico’s natural gas sector is in wait-and-see mode as the dust settles from the ca. . . [READ MORE]
Colombia’s Elections: Major Political Shifts and Hydrocarbons Sector Impact
Friday, May 11, 2018
Bogota, Colombia - Colombia has long been governed by a highly interwoven, conservative, symbiotic political and business class. But current polls show that, regardless of who wins the upcoming presidential elections, . . . [READ MORE]
Mexico’s New Hydrocarbons Model: A Critical Assessment Four Years Later (English and Spanish)
Wednesday, May 2, 2018
MEXICO CITY - Mexico’s energy sector finds itself once again at a fork in the road. The government has spent the past decade trying to create a stronger regulatory framework with better checks and balances and a more. . . [READ MORE]
