Energy Projects in Latin America


Focus: Mexico
 
Given the current market situation, energy projects in Mexico and Latin America are facing some constraints. However, in the case of Mexico, the power sector and the midstream sector are generating more opportunities and are being conceived as more vibrant sectors in the economy than large upstream projects.
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The World’s Largest Oil and Gas Projects – What You Should Know


Inpex’s (Japan) Ichthys project is located in the Browse Basin, approximately 135 miles offshore from Northwestern Australia. Ichthys represents the largest discovery of hydrocarbon liquids in Australia in 40 years and is ranked among the most significant oil and gas projects in the world. Australia is geographically positioned to fully engage the Asia-Pacific region, where 60% of the world’s LNG is traded, Japan being the largest importer. With ten LNG export projects, Australia’s export capacity could surpass Qatar’s 77mpta export capacity by 2020.
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Cure for Industry Hiccups: Congressional Action


While OPEC (Organization of the Petroleum Exporting Countries) and Saudi Arabia hope to have delivered a fatal blow to the American oil and gas industry in the form of unflagging production levels despite the current glut of oil on the market, the reality is more akin to a hiccup.
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Oil Demand and Well Decline Rates Ensure Strong Outlook for Oil Industry


Primary energy consumption continues to accelerate globally despite several years of slow economic growth. With increased consumption, production of oil continues to grow surpassing record level of 90 million barrels per day worldwide. Not only does the oil industry need to produce more to meet ever increasing demand, it also needs to overcome existing well production declines. All active wells ultimately decline in production as resources are tapped, though there is an opportunity for technology to slow or in some cases even temporarily reverse those decline rates. In addition, as existing wells decline, more and more new wells need to be drilled to keep up with demand. Offsetting of oil decline rates for both existing and new wells, therefore, is high on the industry’s agenda for good reason. It is a critical factor to understand future trends in the oil industry.
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