Oil Auctions Boost Latin America Energy

Carlos Solé, Co-Chair of the Latin America Practice at Baker Botts. (Photo: Baker Botts)

Oil auctions in Brazil and Mexico drive LatAm oil sector.


Planned oil auctions in Brazil and Mexico, along with the multi-billion dollar asset sales by Brazilian state oil giant Petrobras and regulatory changes in Brazil are helping to boost Latin America’s energy sector, experts say.

“Unlike the past couple of years where falling oil prices and shrinking economies were the headlines for Latin America’s energy sector, there is moderate optimism for 2017 as oil prices have stabilized in the $50 range and economies in the region are beginning to recover,” says Carlos Solé, Co-Chair of the Latin America Practice at Baker Botts.

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Keywords: Argentina, Baker Botts, BHP Billiton, Brazil, Chevron, Colombia, electricity, energy, Mexico, oil and gas, Pemex, Petrobras, renewable energy, Venezuela


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