Attention in the run-up to Brazil’s inaugural pre-salt auction has been strikingly dissimilar to the tectonic-shifting announcements of the pre-salt several years ago, Arthur writes. Yet with a mix of emerging market and European players, the list of bidders is perhaps a reflection of the nature of exploration and production in the Americas today.
The postponement of President Dilma Rousseff's US state visit is a blow. But her domestic political standing may be as much a factor as anger over NSA spying.
Although Latin America’s oil production has grown steadily in recent years, the region’s refineries have been unable to keep pace with rising demand, Arthur writes. US Gulf Coast refineries have responded quickly to rising global demand, and Latin America has become their largest overseas market.
The interventionist role of the military has mostly disappeared in Latin America. But the temptation of populist politics is greater than ever in some countries, while others are resisting the short-term demands of voters in favor of the long-term sustainability of society. Here's a look at six countries.
Taxpayers, activists, and politicians see this outrageous tally of fossil fuel subsidies and get angry at the oil company — but in Petrobras' case, Rapier writes, it's the oil company footing the bill.
International oil companies have been searching for crude off the coast of Cuba for the past few years, but all came up short. In hindsight, did the drilling program make sense?
Cities currently pocketing royalties oppose the vote, but a study found that despite a rise in GDP, those receiving the most royalties accomplished little in terms of improving employment, literacy, and wages.