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 Quarterly Presentation - Q2 2020
IPD's Q2 2020 Venezuela O&G sector presentation is now available. Highlights of this update include a review of sanctions impact, evolution of exports, the latest details on the refining sector, and trends in oil and gas production.… [READ MORE]
Wahalajara Completion - Glimmers of Hope, Yet Continued Delays
Physical completion of Wahalajara’s last leg marks the successful conclusion of over 1,700 km of pipeline, which can deliver up to 850 mmcfd of additional Waha-sourced natural gas from the U.S. border as far south as Guadalajara. It also opens up trans-continental, east-west gas supply. That is something to celebrate. Even so, various delays continue to impede Mexico’s ability to fully access the most competitively-priced gas on the planet.… [READ MORE]
Can PDVSA's Current Gasoline Production be Sustained?
With a mandate to bring local refining capacity back online and meet domestic demand for gasoline, PDVSA officials have focused on getting El Palito and Cardon in working order. There have been some triumphs, which authorities have not hesitated to laud, but the refineries still function only intermittently. Gasoline imports will continue to be necessary.… [READ MORE]
PEMEX's Fundamentally Flawed Operational Strategy
Mexico’s narrative that it would not continue its OPEC+ cuts beyond June given the great sacrifice it has made to stabilize production is about to expose a trifecta of the wrong kind: 1) further production declines that have nothing to do with OPEC or the pandemic; 2) even larger dizzying financial losses; and 3) OPEC ostracization. A closer look at field by field production begs the question of whether any viable and coherent PEMEX strategy exists at all at this point.… [READ MORE]