Peru’s energy sector is undergoing a period of rapid transformation. Ten years ago energy demand was low and the country depended almost entirely on hydroelectric power in addition to petroleum imports to meet its needs. At that time, Peru had limited oil production, no production of natural gas and little to speak of in terms of energy exports. Today, by contrast, the country is among the...
The Americas Energy
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Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
A major contract has been awarded in Trinidad & Tobago, which will act as a roadmap for the exploitation of gas reserves in deeper waters and boost output over the next 10 years. The award comes amid concern that existing reserves are dwindling and government revenue from its key export commodity is declining.
Economic update | México se prepara para su primera gran ronda de licitaciones petroleras
11 Dec 2014
The first round of auctions to award important works of oil exploration and production in Mexico will begin early next year, with 169 blocks covering an area of 28,500 square kilometers to tender as a result of extensive reforms introduced last year to open industries electricity and gas to private investment.
A strong performance from the non-hydrocarbons sector of Trinidad and Tobago’s economy has put it on course for steady growth in 2014 and beyond, despite concerns over international oil prices and the prospect of a general election next year.
Articles & Analysis | As production increases following liberalisation, new unconventional sources are providing opportunities from The Report: Colombia 2014
During the past 10 years, Colombia has emerged as one of Latin America’s leading hydrocarbons producers. With just over 1m barrels per day (bpd) of production in 2013, Colombia trailed only Mexico, Venezuela and Brazil in the region. On a relative basis, natural gas production, at 1.2bn cu feet (bcf) per day, is more modest, but has grown every year but one since 2003....