PW Español




PW Live



Very usefull links



PW
Bookstore





Institutional
links


OPEC







PW
Business Partners

 


IRAQ OIL THE FORUM

 


Blogspots

The Global Barrel

Tiempo Cultural

Gustavo Coronel

Iran Watch.org

Le Blog des
Energies Nouvelles

News Links

AP

AFP

Aljazeera

Dow Jones

Reuters


Bloomberg

Views and News
from Norway

 

 

 


Editorial/Opinion

 

IOA : Oil price volatility and energy security questions dominate La Jolla Conference


The Institute of the Americas' XXIV La Jolla Energy Conference on May 20-21


In the lead up to this year's La Jolla Conference, the energy world was rocked by the return of volatility in international oil markets. Promising to course through all of the agenda topics at the conference, the price of oil was indeed on the minds of attendees.

But the specter of lower oil prices that seemingly threatened to overshadow all other energy trends in 2015 has not entirely played out. The US shale revolution bubble has not burst nor does it appear that price issues alone will seriously undermine Mexico's Round One oil and gas auction. And renewable energy projects are not being mothballed.

Dropping rig counts in the United States has not led directly to corresponding declines in production, and exports of liquefied natural gas are set to plug the US into the global gas market beyond North America. The debate over US crude oil exports rumbles on, more a victim of the political calendar than oil prices.

Experts and panelists at the Institute of the Americas' XXIV La Jolla Energy Conference on May 20-21 underscored Latin America's relative competitiveness in spite of the current downturn. Several speakers were quick to emphasize that this is not your father's oil price collapse.

 

On the other hand, there is surely near-term uncertainty facing the region's outlook, but also several fundamentals that point to significant potential in the medium and long-term. Indeed, many panelists cautioned that in Mexico and other parts of the region, patience remains a virtue. In addition, how the region embraces and adapts the lessons from the US unconventional revolution, particularly in terms of cost and efficiency figure importantly into the mosaic of opportunities for the region's investment and production outlook.

Whether due to the oil price downturn or not, the discussions that surrounded the understanding of the regional energy context and what could perhaps be called the aura of competition across several key energy markets were intriguing.

The newly installed head of Colombia's regulator, ANH, minced no words when he noted that Colombia had to do a better job competing for and retaining investors, particularly as Mexico moves forward with its Round One auction.  

Representatives from Mexico, which was a bit maligned at the conference for its increasingly bureaucratic implementation of the nation's energy reform, also made great efforts to highlight the interest and attractiveness of the three calls offered to date. A representative of the country's hydrocarbon commission, CNH, also spoke to efforts to redress pervasive complaints over contract stipulations and terms, revisions due out only days after the La Jolla Conference.
But beyond oil prices and competition, it bears noting that energy security has become more important than ever in the region. Countries are focused on efforts to refine domestic energy markets through offshore exploration, unconventional resources, efficiencies in power generation, and revitalized and improved energy integration.

Additionally, confronting above ground or non-technical risks that stem from environmental and community concerns and institutional weaknesses have quickly ascended the list of priorities for policy makers and industry.

Beyond the uncontrollable element of international oil prices, if countries in Latin America are able to address many of the aforementioned issues and other concerns, there will be no shortage of opportunities for energy players and the region's outlook should command attention.

To keep a glass-half-full outlook, it is useful to recall how a panelist from US-based equity fund Carlyle Group described the potential for Mexico's energy investment future: mind blowing.

IOA is the Institute of the Americas, a think tank on Western Hemisphere Affairs based in La Jolla, Calif. (alexis@iamericas.org). Petroleumworld does not necessarily share these views.

Editor's Note: This commentary was originally published by The Institute of the Americas, on May 30, 2015. Petroleumworld reprint this article in the interest of our readers.

All comments posted and published on Petroleumworld, do not reflect either for or against the opinion expressed in the comment as an endorsement of Petroleumworld. All comments expressed are private comments and do not necessary reflect the view of this website. All comments are posted and published without liability to Petroleumworld.

Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of environmental and humanitarian significance. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml.

All works published by Petroleumworld are in accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.Petroleumworld has no affiliation whatsoever with the originator of this article nor is Petroleumworld endorsed or sponsored by theoriginator.

Petroleumworld encourages persons to reproduce, reprint, or broadcast Petroleumworld articles provided that any such reproduction identify the original source, http://www.petroleumworld.com or else and it is done within the fair use as provided for in section 107 of the US Copyright Law.

If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. Internet web links to http://www.petroleumworld.com are appreciated

Copyright© 1999-2009 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ stories by anyone provided it mentions Petroleumworld.com as the source. Other stories you have to get authorization by its authors.Internet web links to http://www.petroleumworld.com are appreciated

Petroleumworld welcomes your feedback and comments,
share your thoughts on this article, your feed. back is important to us!

Petroleumworld News 05/31/2015

 

We invite all our readers to share with us
their views and comments about this article.

 

Follow us in : twitter / Facebook

Send this story to a friend

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8 +/ 800x600 pixels



 



WGC Paris, June, 2015

 


 

 


11-12 June 2015 ,
Montevideo, Uruguay

 

 

 


29-30 September,
Cartagena, Colombia


TOP

Editor & Publisher:Elio Ohep F./Contact Email: editor@petroleumworld.com

Contact:
editor@petroleumworld.com/ phone: Office (58 212) 635 7252,
or Cel (58 412) 996 3730 / (58 414) 276 3041 / (58  412) 952 5301


CopyRight © 1999-2010, Elio Ohep F.- All Rights Reserved. Legal Information

- CCS Office Tele
phone/Teléfonos Oficina: (58 212) 635 7252

PW in Top 100 Energy Sites


Technorati Profile


CopyRight © 1999-2010, Elio Ohep F. - All Rights Reserved.
This material may not be published, broadcast, posted online, rewritten or redistributed by any type of means, except with permission of the author/s

The information in this web site is proprietary and is protected under United States and International Copyright and Trademark laws. No part of this web site may be reproduced or transmitted in any form by any means whatsoever, except with permission of the author/s..

Petroleumworld encourages persons to reproduce, reprint, or broadcast Petroleumworld articles provided that any such reproduction identify the original source, http://www.petroleumworld.com or else and it is done within the fair use as provided for in section 107 of the US Copyright Law. If you wish to use copyrighted material from this site for purposes of your own that go beyond
'fair use', you must obtain permission from the copyright owner.
Any use of this site or its material, in any form, without the express prior written consent of the author, is prohibited by law and is subject to legal action. Legal Information

Top 100+

Technorati Profile
Fair use notice of copyrighted material:

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from Petroleumworld or the copyright owner of the material.