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Explore our expert insights and analysis in leading energy and climate news stories.
The Center on Global Energy Policy (CGEP) at Columbia University SIPA today announced new personnel additions who bring extensive experience from government and the private sector to the...
Get the latest as our experts share their insights on global energy policy.
The European Commission (EC) published a proposed regulation on June 17 to end Russian gas imports by the end of 2027; this followed the initial roadmap to do...
Hear in-depth conversations with the world’s top energy and climate leaders from government, business, academia, and civil society.
The global energy landscape is shifting right now. Geopolitical tensions in the Middle East, debates about peak oil demand, and waning support for climate action in some parts...
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This year, the Third Annual Energy Opportunity Lab (EOL) Forum will take place July 7th and 8th in Washington, DC, offering a chance for the Washington policymaking community...
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April 21, 2021
10:00 am - 11:30 am utc
Latin America’s state-owned oil and gas sector is facing unprecedented challenges caused by the economic impact of the COVID-19 pandemic, the resulting collapse in commodity prices and crude oil demand, as well as related financial and political pressures. These conditions, in addition to persistent administrative challenges and long-term debt liabilities, have caused Petróleos de Venezuela (PDVSA) production to drop to the lowest levels per citizen since the 1920s in Venezuela, which has the world’s largest proven crude reserves. Political upheaval has also impacted Petroecuador, Pemex, and YPF, although the latter has announced plans to invest $1.5 billion to ramp up the output of shale gas field Vaca Muerta.
The latest decision by President Jair Bolsonaro to replace Petrobras CEO Roberto Castello Branco with a former army general with little experience in the oil industry harkens back to Brazil’s history of political meddling in fuel pricing. Colombia’s Ecopetrol stands out as a bright spot in the region. Among the reforms enacted over the last decade was the listing of 11% of the company’s shares, which provided an infusion of capital that helped the company enlist better managers. To boost reserves, it has teamed up with international oil majors to invest in fracking and in upstream activities in other countries.
Columbia University’s Center on Global Energy Policy together with the Columbia Global Centers hosted a panel of exceptional policy experts to analyze the different economic, political, and social dynamics at play in the main oil and gas producing countries in Latin America.
Moderator:
Panelists:
Panelists
As the Israel-Iran conflict continues to unfold, it remains unclear whether a ceasefire will hold or fighting will resume. This uncertainty carries significant implications for energy markets in the Middle East and around the world.
On the night of June 12, the Israeli military conducted widespread strikes on sites in Iran that targeted the country’s nuclear program and its senior military leadership.
This year, the Third Annual Energy Opportunity Lab (EOL) Forum will take place July 7th and 8th in Washington, DC, offering a chance for the Washington policymaking community...
On May 23, President Donald Trump signed four executive orders that aim to reform the United States Nuclear Regulatory Commission, streamline National Laboratory processes for reactor testing, advance...
The European Commission (EC) published a proposed regulation on June 17 to end Russian gas imports by the end of 2027; this followed the initial roadmap to do...
China’s dependence on the energy supplies that move through the Strait of Hormuz makes it especially vulnerable to any possible closure of the waterway by Iran in retaliation for attacks by Israel and the United States.
On June 24, Iran, Israel, and the United States agreed to a cease-fire, putting a halt to nearly two weeks of war.
