The Western Hemisphere has long been home to some of the world’s largest and most abundant energy resources. More recently, the region’s important renewable potential and critical minerals have also emerged as part of the energy equation for the hemisphere and beyond.
In early March, the Atlantic Council, in collaboration with the United States Department of Energy, released a report that set forth a series of steps to create a revised approach to inform the energy outlook for the hemisphere. Indeed, as Secretary of Energy Dan Brouillette wrote in the foreword to the report he has “a strong appreciation for the strategic importance of the Western Hemisphere to US prosperity, energy, and national security. As our closest neighbors and strongest trading partners, the energy and economic security of the hemisphere is critically linked to our own.”
The report sets forth a wide range of tools and steps to enact a new strategy; one that is long on cooperation and uniting the region’s policymakers. Perhaps most important are recommendations that seek to enhance energy policy cooperation across four major areas: 1) Energy Governance; 2) Supporting Access to Diverse Fuel Sources; 3) Modernization and Advanced Technologies; 4) Finance and Private Sector Engagement.
The recent announcement by BP CEO Bernard Looney for the company to attain net zero emissions by 2050 is the latest news to ripple across the global oil industry with a direct link to confronting the climate challenge. Development of international agreements targeting emissions reduction, national policies and corporate goals are all placing increasing focus on the role of oil in a post-2050 world. This is particularly true for the large-scale, highly complex and capital-intensive projects in the sector that often take a decade or more to bring online. Layered on top of the foregoing is polarizing climate change activism and demands on oil and gas companies and the sector writ large. This begs the question of whether we are reaching the moment when it may already be too late for major new offshore oil development?
Join us for a webinar with Jed Bailey, Managing Director of Energy Narrative and long-time Latin American energy analyst. Bailey will share his insights on the intersection of climate activism and the oil and gas sector with insights for the region, particularly the possible implications for deepwater projects in Brazil and Mexico and the nascent oil sector in Guyana and Suriname.
The webinar will be held Tuesday, March 10 at 10:00am San Diego (12:00 pm Houston; 1:00 pm New York; GMT/UTC – 8 hours). The webinar will include a live Q&A session with the audience.
Political developments, unrest and discord across nations of the Southern Cone and major natural gas producers Bolivia and Argentina, as well as critical consumer Chile has important implications for the near term function and outlook for the region’s gas market.
Questions surround the developments and advances in natural gas production from Argentina’s unconventional play, Vaca Muerta, as the country undergoes a political transition and significant shift from the government of Mauricio Macri to Alberto Fernandez, who takes office in mid-December.
Meanwhile, Bolivia, for years a major exporter of natural gas to both Argentina and Brazil, has been consumed by an unfolding political crisis since elections in October and the resignation of Evo Morales in mid-November.
Chile, historically a major importer of natural gas from Argentina – exchanges that were begun again this year with great fanfare – has been gripped with social unrest that has also thrown its economy into a tailspin.
Brazil, a key consumer and market for natural gas from Bolivia seeks to pass a new natural gas market law with the aim of further liberalizing the sector and removing Petrobras’ grip particularly over midstream and commercialization. Key to underpinning the overhauled natural gas market in Brazil is the growing potential of the country’s Pre Salt fields.
As the transformation of the global energy sector unfolds, companies throughout Latin America are grappling with the question of how they will evolve operationally, financially, and strategically as the world shifts its energy focus.
YPF has embraced the challenge of the energy transition and created a strategy of “Energy Transition’ Readiness” based upon the G20-B20 Energy, Resource Efficiency and Sustainability Recommendations, the UN Sustainable Development Goals and the Paris Agreement. Specifically, the company is developing actions to reduce the total intensity of carbon emissions associated with operations, including technological developments focused on methane emissions, gas storage, specifically enhancing energy efficiency across the value chain and sustainability of the company overall.
Join us for a webinar and discussion with Dr. Elena Morettini, Geoscience Advisor & B20 Energy Officer at YPF. Dr. Morettini will share further insights from YPF’s experience and vision on energy transitions preparing for new ways of producing, distributing and using energy, as well as other technological developments at the company.
The webinar will be held Wednesday, November 6 at 10:00am San Diego (3:00 pm Buenos Aires time; GMT/UTC – 8 hours). Dr. Morettini’s formal presentation will be followed by a live Q&A session with the audience
Join us on Thursday, September 12 at 10:00 am San Diego for a webinar: “Mexico’s Natural Gas Prospects Under AMLO” and discussion with Emily Medina, Energy Consultant and Energy Policy Research Foundation (EPRINC) Non-Resident Fellow. Emily will provide an overview of Mexico’s current natural gas panorama as well as her analysis and perspectives with regards to the transformation of sector.
Mexico’s energy sector is at a turning point. The policy choices the government takes now will determine the country’s energy security and prices going forward. Recent policy shifts by the Mexican government in natural gas pipelines and PEMEX’s joint ventures suggest that the administration might gradually become more receptive of private sector’s participation than what was expected since he took office in December. This could in turn unleash Mexico’s potential in oil and gas developments. Given the important role that natural gas has in Mexico’s economy and its abundant natural gas reserves, the government should incentivize investments in PEMEX’s fields through joint ventures, and establish a competitive natural gas market.
The webinar will be held on Thursday, September 12 at 10:00 am San Diego. Emily’s presentation will be followed by a live Q&A session with the audience.
The Organization of the Petroleum Exporting Countries (OPEC) was founded in September 1960 by five countries: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. They were to become the Founder Members of the Organization. Today, OPEC counts 14 Member Countries including Ecuador and Venezuela in Latin America.
The OPEC mission is to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.
Join us for a webinar and discussion with Leonardo Sempertegui, Ecuadorian attorney currently serving as the General Legal Counsel for the Organization of Petroleum Exporting Countries based in Vienna, Austria. He will provide an overview of his organization’s mission and their analysis and perspectives with regards to the transformation of the global energy sector. Leonardo will also join us during our Madrid Energy Conferenceon September 4-6, 2019 in Madrid Spain.
The webinar will be held Wednesday, August 7 at 10:00am San Diego. Leonardo’s presentation will be followed by a live Q&A session with the audience.
Join us #LIVE now: “Webinar: A New #Energy Strategy for the Western Hemisphere” with @Dlgoldwyn, Chairman of the @ACGlobalEnergy and Randolph Bell, Director for Global Energy Security.
Link to Connect: https://bit.ly/2wjI51u