Matthew Smith is Oilprice.com's Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located in Latin America. Matthew writes on oil and gas, mining and infrastructure.
Lake Maracaibo, which is South America’s oldest lake and forms part of a crucial regional ecosystem, is dying. The five thousand square miles ecologically diverse…
After five commercial oil discoveries in Surname’s offshore Block 58, the government in Paramaribo was optimistic the tiny, impoverished country was on track to enjoy…
A 2005 to 2015 oil boom under the stewardship of leftist President Rafael Correa pulled Ecuador, one of South America’s poorest countries, out of poverty.…
Surging cocaine production, which hit yet another annual record during 2021, makes Colombia the world’s top supplier of the illicit narcotic. The vast profits generated by…
The near collapse of Venezuela’s once colossal oil industry under the weight of endemic corruption‚ and strict U.S. sanctions, along with Mexico’s sputtering mature oil fields, saw…
Tiny South American country Guyana, which has a population of less than one million, recently emerged as the world’s hottest offshore frontier drilling location. After Exxon’s slew…
The June 2022 electoral victory of Colombia’s first-ever leftist President, Gustavo Petro, was heralded as a moment of monumental change for the strife-torn country. It represented a…
A frequently overlooked aspect of Venezuela’s immense economic and humanitarian crisis is the tremendous environmental damage occurring as a result of autocratic president Nicolas Maduro ruthlessly exploiting the petrostate’s…
For a country of under one million, former British colony Guyana has emerged as a fossil fuel powerhouse. A series of more than 30 high-grade…
Tiny South American nation of less than one million, Guyana has emerged as the latest drilling hotspot in South America, after decades where the regional oil industry…
The deeply impoverished South American country Suriname was sharply impacted by the 2020 pandemic and has yet to recover. A snowballing economic crisis that took…
After a series of major oil discoveries in its territorial waters, the impoverished South American country of Guyana emerged as one of the world’s hottest…
The outlook for Colombia’s economically crucial oil industry is bleak. Not only has it failed to recover from the pandemic and return to a pre-2020 tempo of…
In less than a decade, the economy of what was once South America’s wealthiest country, Venezuela, collapsed. The oil-rich country, which once pumped over three…
Recent discoveries in offshore Guyana and Suriname have brought the spotlight firmly back on South America’s hydrocarbon sector, with analysts calling the Guyana Suriname Basin…
For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with…
Dark fleet is a term used to describe the assortment of tanker vessels which conceal their locations so as to enable the transportation of illicit cargoes…
After Exxon’s string of high-quality oil discoveries in offshore Guyana delivered more than 11 billion barrels of oil resources South America started garnering considerable attention…
Despite a long history of being Latin America’s best-managed national oil company Colombia’s Ecopetrol is swamped by uncertainty. For over a decade, the integrated energy…
Colombia’s economically crucial energy patch is facing a grave crisis due to its shortage of proven oil and natural gas reserves coupled with leftist President…