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 Salaries: A Means to an End?
On August 18, 2018, President Maduro ordered a 3,364% increase to the minimum wage for oil workers. PDVSA employees immediately demanded the same kind of raise across the board. Maduro responded with an additional salary increase; but it will not meet expectations. Workers will probably stage relatively minor protests, and an already shrinking workforce will likely contract more. But the latter might be the administration’s goal.… [READ MORE]
Mexico
Transition and Changes in the Energy Sector
Andrés Manuel López Obrador promised big shake-ups leading up to his landslide presidential and party victory on July 1. Such changes are underway with some having already been undertaken by the new Congress that went into session on September 1, and others announced or postulated by AMLO’s new cabinet members. In this report, IPD Latin America focuses on those items most directly impacting the energy sector, reviewing what we know so far and the implications such changes could have.… [READ MORE]
Venezuela
Venezuelan Officials Still Far from Changing Oil Policy
Recent events in the Venezuelan oil sector have driven many observers to wonder whether the powers-that-be are ready to open the doors to greater private participation. As Venezuela continues to struggle with its ever-declining oil production, such a shift would certainly be prudent. But a closer look at these recent actions, particularly in the context of past behavior, shows that this administration is not quite there yet. … [READ MORE]
Mexico
Mexico's Renewed Focus on Refineries: An Age Old Debate
Refining is a major focus of the incoming administration. The implications of the refinery upgrades and plans to build a new refinery are far reaching and require a deep analytical dive into a range of key areas to fully appreciate what could transpire if these plans move forward as currently understood. Beyond the sheer cost, high potential for cost overruns, delays, and negative impact on PEMEX’s finances and its prospects, there are a litany of other factors that are equally disconcerting which have not received nearly enough attention. … [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]
