Product Code: 2398-080X
BMI View: The outlook for Latin America looks bleak as heavily-indebted national oil companies in key
producing countries have little room to sufficiently invest in their resource base. Foreign investment
remains relatively limited and continues to be directed towards more attractive aboveground environments.
Latest Updates And Key Forecasts
- Latin America will see the second largest regional fall in oil production in 2016, behind North America.
- Debt-laden national oil companies will substantially reduce capital spending as low oil prices persist.
- National oil companies will not default on debt due in part to support from the sovereign.
- Continued under-investment in the downstream sector will support elevated fuels imports.
- Foreign investment will flow towards countries driving energy sector reforms.
- The growing international role of the US via crude and LNG exports will alter trade dynamics in the region.
Table of Contents
BMI Industry View
- BMI View - Latin America Oil & Gas
- Table: Latin America - Key Oil & Gas Sector Data
Regional Forecast Analysis
- Latin America Overview
- Table: Latin America Oil and Gas Production, Refining Capacity and Trade, 2014-2025
Industry Risk Reward Index
- Latin America - Oil & Gas Risk/Reward Index
- Table: Latin America - Composite Risk/Reward Index
- Composite RRI: Continued Adjustments Level Off Rankings
- Upstream RRI: Steady Scores Mask Forthcoming Shifts
- Table: Latin America - Upstream Risk/Reward Index
- Downstream: NOC Dominance Will Reinforce Fuels Deficit
- Table: Latin America Downstream Risk/Reward Index
- Latin America - Towering Debt Will Determine Industry Direction
- Untapped Resources Attracting Attention Of Majors
- Global - Expanded Panama Canal Will Increase LNG Flow, Depress Prices
- Table: Maximum Ship Sizes For Panama Canal (m)
- Latin America - Power Diversification Opens LNG Import Opportunities
- Cuba - Crude Import Routes Near Historic Shift
- Brazil -Petrobras: Above Ground Obstacles Will Hinder Growth Strategy
- Table: Petrobras Areas Of Upstream Operations
- Global - Brent: Conventional Declines To Drive 2017 Recovery
- Table: BMI And Bloomberg Consensus* WTI & Brent Annual Average Forecasts, USD/bbl
- Asia - JKM Prices Set To Tumble
- Industry Forecast Methodology
- Risk/Reward Index Methodology
- Table: Bmi's Oil & Gas Upstream Risk/Reward Index
- Table: Weighting