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
PDVSA's Nip and Tuck
PDVSA President Manuel Quevedo has designated a committee to propose and execute a corporate restructuring of the state-owned oil company. It is a tall order — one that will be next to impossible to fill. On the heels of continuous rumors of his replacement, the committee, hand-picked by Quevedo himself, shows that he is still firmly entrenched… for now. But results may start to matter, and those have been few and far between.… [READ MORE]
Venezuela
Venezuela's New FX System a Lesson in Great Expectations
At first glance, Venezuela’s new FX system seems to be a step toward a more stable economy. But a lack of transparency and too much discretionality in its implementation could prevent it from having a sufficiently broad impact on the economy’s FX transactions. If the FX rate is set within a market that cannot meet FX demand for all of the economy’s participants, it cannot achieve stability. As it stands, the new system has created more expectations than results.… [READ MORE]
Venezuela
Jose Dock Incident: Production and Export Consequences
Following an August 25 accident, PDVSA continues to report that the Jose terminal south dock will reopen during the last week of September. The state-owned oil company has partially implemented a contingency plan, diverting some tankers to the Puerto La Cruz terminal. While the plan has prevented pronounced bottlenecks in the immediate aftermath of the collision, extra-heavy oil output could still drop by some 43 mb/d by the end of September. Upgraded crudes, rather than DCO or Merey 16, will likely take the hit. … [READ MORE]
Venezuela
Maduro Economic Moves a Poorly Designed Cocktail
President Maduro’s recently-announced economic measures appear to address many of Venezuela’s ailments. But their disjointed nature and narrow approach will limit their ability to make any positive impact. They cannot shift Venezuela’s economy from its current path. … [READ MORE]
IPD News & Press
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]
Debate over Venezuela oil sanctions intensifies as refugee crisis grows
Friday, April 27, 2018
Strategic considerations: The debate over whether the US should sanction Venezuelan oil and refined products is shifting as the country’s humanitarian disaster deepens.
REDD
23 April 2018 07:36 PM
The US doesn’t want to be. . . [READ MORE]
