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Mexico Urged To Prepare To Transition Out Of Export Market That Is Too Reliant On Oil, Carlos Navarro Aug 2012

Mexico Urged To Prepare To Transition Out Of Export Market That Is Too Reliant On Oil, Carlos Navarro

NotiEn: An Analytical Digest About Energy Issues in Latin America

In late July, the governments statistics agency (Instituto Nacional de Estadística y Geografía, INEGI) released what appear to be very favorable tradebalance statistics for Mexico. INEGI reported Mexico's trade surplus at nearly US$3.3 billion for the first six months of 2012, compared with surpluses of US$3.1 billion in JanuaryJune 2011 and US$288 million in the first six months of 2010.'


What Accounts For The Erosion Of Interest In Brazil's Oil Sector?, Inter-American Dialogue's Latin American Energy Advisor Jul 2012

What Accounts For The Erosion Of Interest In Brazil's Oil Sector?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

U.S.-based oil company Anadarko has put its plans to sell some of its assets in Brazil on hold, failing to attract a high enough price as interest in the country's oil sector has waned, the Financial Times reported in July. Brazil has not sold new offshore permits for about five years, and state oil company Petrobras has had difficulty in meeting targets for increased production. High local content requirements and perceived political interference have also hampered investment and production, according to government critics. How much has the previously intense excitement about Brazil's oil sector cooled? What are the primary factors …


Can Central America Overcome Its Energy Woes?, Inter-American Dialogue's Latin American Energy Advisor Jun 2012

Can Central America Overcome Its Energy Woes?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Earlier this month, an ECLAC executive said that Central America would be more competitive once the regional energy integration system SIEPAC comes online and reduces energy costs. Meanwhile, four Central American nations are in the top 10 countries in the region in terms of fostering a climate for renewable energy projects, according to a report by the Multilateral Investment Fund of the Inter-American Development Bank and Bloomberg New Energy Finance. After years of energy woes, is Central America finally makes strides? What challenges does the region face and are its efforts to address them adequate?


Is Latin America's Energy Sector Looking Up Or Down?, Inter-American Dialogue's Latin American Energy Advisor Jun 2012

Is Latin America's Energy Sector Looking Up Or Down?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Given the potential of significant oil reserves in Brazil and Venezuela, large shale gas discoveries, plummeting wind energy prices and other developments, some analysts are highly optimistic about the general energy outlook in Latin America. Others cite opposition to hydro projects, vulnerabilities in energy-poor parts of the region, stagnation of oil production, unproved ultra-deep-water technologies and other hurdles as cause for major concern about the region's energy future. Are reasons for optimism weak? Or are pessimists underestimating the region's potential? What are the major trends in regional energy issues that we can expect in the period ahead, and how can …


Will Peña Nieto Be Able To Win Support For Energy Reform?, Inter-American Dialogue's Latin American Energy Advisor Jun 2012

Will Peña Nieto Be Able To Win Support For Energy Reform?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Mexican President-elect Enrique Peña Nieto has said that reforming the state-run energy sector will be his ""signature issue"" and that he aims to refashion Pemex in the image of Brazil's Petrobras, Bloomberg News reported. However, the Institutional Revolutionary Party fell short of an outright majority in the country's Congress and energy reform has proven to be elusive in the past. Will Peña Nieto be successful in his bid to reform Pemex? What changes will he try to implement and what challenges is he likely to face in getting them passed?


What Does Repsol's Departure Mean For Cuba's Drilling Future?, Inter-American Dialogue's Latin American Energy Advisor Jun 2012

What Does Repsol's Departure Mean For Cuba's Drilling Future?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Spanish oil company Repsol announced last month that it is withdrawing from Cuba after it failed to discover oil in an exploratory well. Repsol also came up dry when drilling in 2004 and now says that the risks no longer justify the expense for its blocks. Does Repsol's withdrawal have major implications for the future of drilling in Cuba? What are the next steps for the Caribbean nation's offshore projects?


How Are Global Biofuels Trends Changing?, Inter-American Dialogue's Latin American Energy Advisor May 2012

How Are Global Biofuels Trends Changing?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

At the end of 2011, the United States overtook Brazil as the world's top ethanol exporter— though U.S. imports from Brazil have been growing as a result of domestic regulation in the United States. Countries like Thailand have also increased their ethanol exports to traditional Brazilian markets, such as China, as the South American nation struggles to meet domestic demand. What trends in the global biofuel market, including advanced biofuels and bio-based products, will be seen in the medium- to longterm future? How are Brazil's biofuels production trends and government policies for the sector changing, if at all? What accounts …


Tech Service, John Valenti May 2012

Tech Service, John Valenti

Theses

The graduate thesis film Tech Service is a 21- minute surreal memoir-parody of its creator's day at work in a tech support call center. Having quite literally separated his at-work self from his not-at-work self into two independently existing personae--the former an ambitious technician whose only goal in the world is to fix a customer's telephone, and the latter a more cynical, quasi-beat poet who narrates the story--the film rambunctiously ponders and pursues the meaning of life, if life were reduced to the job you have to go to but don't really like that much. The film was shot in …


What Does A State-Run Energy Company Need To Succeed?, Inter-American Dialogue's Latin American Energy Advisor Apr 2012

What Does A State-Run Energy Company Need To Succeed?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Argentina last week announced it would seize the 51 percent of YPF owned by Repsol, arguing that the company had not invested enough in the country's energy sector development. Meanwhile, the top two contenders for the Mexican presidency have suggested that state-run Pemex should be opened up to private investment, following examples in Brazil and Colombia, to improve productivity. What does it take to make a state energy company succeed? What policies should governments seek to emulate and which should they avoid? Does history stand on the Argentine government's side in YPF's nationalization?


Cuba's Sugar Industry Tries To Recover After Production Falls To Century-Old Levels, Daniel Vázquez Mar 2012

Cuba's Sugar Industry Tries To Recover After Production Falls To Century-Old Levels, Daniel Vázquez

NotiEn: An Analytical Digest About Energy Issues in Latin America

The Cuban sugar crop is being harvested, and a new management system is being put to the test. This model required the end of the historic Ministerio de Azúcar (MINAZ) last September to reduce bureaucratic organizations, modernize technology, and enhance business administration after production fell to 1.1 million tons in 2010, comparable to 1905. The industry, which produced more than 8 million tons of sugar in 1990, now faces disruptions because of equipment breakdowns as well as antiquated machinery in sugar mills built before 1959 when Fidel Castro took power on the island. The official target for the 2012 harvest …


President Felipe Calderón Releases Comprehensive Energy Plan For 2012-2026, Carlos Navarro Mar 2012

President Felipe Calderón Releases Comprehensive Energy Plan For 2012-2026, Carlos Navarro

NotiEn: An Analytical Digest About Energy Issues in Latin America

President Felipe Calderón has submitted a longterm energy plan that proposes to increase to 35% the percentage of electricity obtained from nonfossil fuels by 2026. The ambitious goal, contained the Estrategia Nacional de Energía (ENE) 20122026, seeks to provide Mexicans with diversified, adequate, sustainable, highquality, and lowcost energy. In addition to raising the percentage of electrical power not obtained from hydrocarbons, the plan envisions actions to restore the countrys energy reserves, boost production of crude oil and natural gas, increase energy efficiency, and reduce the energy sector's impact on the environment.'


What Is The Outlook For Non-Food Based Biofuels?, Inter-American Dialogues Latin American Energy Advisor' Feb 2012

What Is The Outlook For Non-Food Based Biofuels?, Inter-American Dialogues Latin American Energy Advisor'

Latin American Energy Dialogue, White Papers and Reports

A worsening drought in South America has caused downward revisions to corn production estimates, while Brazil continues to struggle with a shortfall in last year's sugarcane crop. Last month, the new director of the United Nations' Food and Agriculture Organization criticized the United States for the use of corn to make biofuel, saying it raises prices for the cereal globally. Meanwhile, U.S. bio-technology company Bio Architecture Lab announced last month that it will open a pilot plant in Chile to develop biofuels from seaweed. What is the outlook for biofuels in Latin America given competing demand for food resources? Will …


Will The Argentine Government Hinder Shale Investment?, Inter-American Dialogue's Latin American Energy Advisor Feb 2012

Will The Argentine Government Hinder Shale Investment?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

In recent weeks, the Argentine government has faced off with the country's largest energy company, Repsol's YPF, blaming the increase in fuel imports on a lack of investment from YPF and other producers. Despite a previously good relationship, the government has threatened to nationalize YPF and banned it from exporting until a tax was paid, while the company has blocked politicians from its board meeting. Meanwhile, on Feb. 24, Argentine provinces demanded that energy firms raise their oil and natural gas output by 15 percent in the next two years or risk losing their concessions. Does the Argentine government's contentious …


Mexico, U.S. Reach Landmark Agreement On Deepwater Oil Exploration, Carlos Navarro Feb 2012

Mexico, U.S. Reach Landmark Agreement On Deepwater Oil Exploration, Carlos Navarro

NotiEn: An Analytical Digest About Energy Issues in Latin America

In an unprecedented act of cooperation in the energy sector, the US and Mexican governments signed an agreement establishing a framework for US energy companies to work jointly with the state run oil company PEMEX to develop oil and gas resources in the deep waters of the Gulf of Mexico. The agreement eases a dispute between Mexico and the US about ownership of reserves along a common boundary in the Gulf of Mexico, potentially opening more than 1 million acres to deepwater drilling. Mexico was extremely concerned that drilling by US companies could siphon off reserves on the Mexican side …


Is Mexico Prepared For Deepwater Drilling In The Gulf?, Inter-American Dialogue's Latin American Energy Advisor Feb 2012

Is Mexico Prepared For Deepwater Drilling In The Gulf?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Pemex is not prepared for risks such as a spill or other serious accident that could happen as it plans to drill two wells in ultradeep waters of the Gulf of Mexico, said Juan Carlos Zepeda, the head of Mexico's National Hydrocarbons Commission, in a Feb. 15 interview with The Wall Street Journal. According to Zepeda, his agency's resources amount to about 2 percent the size of its U.S. counterpart's budget. Pemex officials, however, say that the company is capable of carrying out its plans safely. How prepared is Mexico to deal with a serious accident in the Gulf of …


Brazil On Track To Manage Its Oil Bonanza Effectively?, Inter-American Dialogue's Latin American Energy Advisor Jan 2012

Brazil On Track To Manage Its Oil Bonanza Effectively?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

As Brazil ramps up exploration and production in the pre-salt oilfields, the country has expectations of joining the ranks of the world's top four or five oil producers. A relatively minor spill at Chevron's Frade field, however, brought to light issues of environmental concern as well as questions about how such incidents would be handled. Is the country prepared with the right regulations to handle the mushrooming industry? What does the government's response to the Chevron spill mean for the development of the sector? Could the threat of large fines deter investment? Is the growing oil sector putting a significant …


Are Bolivia's Plans For Its Oil Sector Overly Ambitious?, Inter-American Dialogue's Latin American Energy Advisor Jan 2012

Are Bolivia's Plans For Its Oil Sector Overly Ambitious?, Inter-American Dialogue's Latin American Energy Advisor

Latin American Energy Dialogue, White Papers and Reports

Bolivia's state-run energy company, YPFB, has said that it expects investment in the country's oil and gas sector to reach $2 billion in 2012, nearly doubling this year's record of $1.2 billion. While 64 percent will come from YPFB, the company expects the rest to come from the private sector. Is Bolivia's push to increase exploration, supply the domestic market and meet its contracts with Brazil and Argentina overly ambitious or does the state have the right plans in place? How important are hydrocarbons for the future of the Bolivian economy? What is the government doing right to promote private …