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Central America


EIA: Panama Canal expansion will allow transit of larger ships with greater volumes

The main avenues of maritime navigation limit the size of tanker that carry crude oil and petroleum products; the Panamax tankers are the ships that can currently pass safely carrying 400,000-550 barrels of light sweet oil.  With the expansion the of the Panama Canal it will allow for the passage of larger vessels of 400,000-680,000…

Drought leaves up to 2.81 million hungry in Central America

2.81 million people in Central America are struggling to feed themselves due to severe drought causing the loss of crops. The drought is affecting the “dry corridor” of Central America which includes southern Guatemala, northern Honduras and western El Salvador, as well as South America. Guatemala has declared a state of emergency and Nicaraguan President…

Latin America plays take on added importance

by David Paganie, Offshore Magazine, July 16, 2014 Oil and gas exploration and production operations in Latin America might take on added importance with turmoil clouding the upstream prospects in the Middle East, eastern Europe, and western Africa. With that in mind, Offshore takes a look at one of the most successful theaters and one…

US should be ready if Petro Caribe tightens credit terms, study says

By Nick Snow, OGJ Washington Editor, Oil & Gas Journal, July 16, 2014 The possibility that Venezuela’s financial support for energy imports in the region could erode quickly makes it imperative for the Obama administration to adopt a wide range of policies to avoid an energy crisis in the Caribbean and Central America, a recent…

Uncertain Energy: The Caribbean’s Gamble with Venezuela

by the Atlantic Council, July 16, 2014 The Obama administration must quickly adopt a range of transformative policies to avoid an energy crisis in the Caribbean and Central America, given the possibility that Venezuela’s financial support for energy imports to the region could erode quickly, according to the Atlantic Council’s Adrienne Arsht Latin America Center’s…

Energy Supply Requires $40 Trillion Investment to 2035, IEA Says

by Grant Smith, Bloomberg News, June 2, 2014 Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said. More than half of that amount will be needed to compensate for declining output at mature…

AFPM 2014: Expectations are high for polymer prices to drop in Latin America

By Ingrid Furtado, via Platts.com, 31st March, 2014 Market participants in Latin America are most likely to believe that polymer prices are going to decrease in the coming months, one of the main reasons the market is quite slow in countries such as Brazil, Peru and Colombia, sources said on the sidelines of the American…

Imports from Petrocaribe grow 394% over five years

Food purchases from the group gained 511% since 2008 EL UNIVERSAL, Monday March 24, 2014  02:28 PM The political and economic alliance between Venezuela and its 17 partners in Petrocaribe has been based on the supply of oil byproducts by Pdvsa, which has meant not only a significant dependence on Venezuelan oil of the Caribbean and…

CERAWEEK-Latin America takes oil spotlight despite troubles

Fri Mar 7, 2014 3:20pm EST, By Marianna Parraga (Reuters) – Nationalizations, currency controls, contract changes, subsidies and political instability over the last 15 years have not prevented energy investors from showing renewed interest in Latin America. With proven oil reserves of 340 billion barrels, the world’s second-largest behind the Middle East, Latin America is trying…

Mexico’s Pemex sells 1 mln barrels of light crude to Japan

MEXICO CITY Wed Feb 26, 2014 2:48am IST Feb 25 (Reuters) – Mexico’s state-run oil giant Pemex said on Tuesday it is selling crude to Japan for the first time in 11 years, opening another Asian market as an export destination as the company seeks to diversify away from the United States. Pemex will export a…

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Site Last Modified: October 8, 2014