The Dynamic of Latin American National Oil Companies’ Evolution Case Studies: Pemex and PdVSA

Author(s):  
Isabelle Rousseau
2014 ◽  
Vol 2014 (1) ◽  
pp. 1-13
Author(s):  
Carlos Sagrera

ABSTRACT With offshore activities at different exploration and production stages in virtually all South American countries with sea coasts, a Central American country, and some Caribbean countries, the Deepwater Horizon (DWH) disaster has not gone unnoticed among the governments and the oil industry in the area. Organizational and human errors committed and highlighted in the investigations that have successively come to light in such a world power as the U.S.—a leader in the sector—, bring to mind the realities and systemic safety failures of the schemes and procedures in force, both in the oil industry and regulatory authorities, to control these potential environmental disasters. The offshore issue has become a priority in the Latin American and Caribbean oil industry and grows because of the recurrent confirmation of new oilfields and their successful exploration by international oil companies through block concessions, which is the only way to access the required effective technology for exploitation. Over the past decades and without exception, Latin America and the Caribbean has gone through emergency situations with spills from oil tankers, explosions and fires in refineries, pipeline fires and sabotage, and explosions and sinkings of oil rigs. The shy cooperation attempts between states and national oil companies obtained few concrete results despite the efforts of regional organizations such as ARPEL. This paper emphasizes the weaknesses in response procedures and standards through specific examples of recent incidents in “the Big Three” (Brazil, Mexico, and Venezuela), which could become worse in the current offshore deep and ultra-deep water scenario. It challenges the National Contingency Plans that must now include offshore goals and an organization scheme, such as the Incident Command System, which must be adapted as soon as possible due to the new scenarios and the need for effective inclusion of environmental actors previously relegated. The paper also outlines response strategies applied in DWH and their possible use in offshore scenarios in the region, which will require coordinated efforts by all stakeholders. It emphasizes that this is an excellent opportunity for operational improvement of the Latin American and Caribbean oil sector with respect to safety, emergencies, and spill control.


2021 ◽  
Vol 17 (3) ◽  
pp. 237-248
Author(s):  
Aleksei V. Pobedonostsev

Introductions. Oil production is historically an important part of government revenues in many developing countries. The Gulf monarchies are traditionally considered as typical ‘rentier states’, while the Soviet Union is usually not classified as a Petro-state, although the USSR was an important oil producer for the global economy. The Soviet Union created a unique economic model, which was based on the administrative command methods of the national economy operation. Unlike the capitalist countries of the developing world, the Soviet Union did not create giant national oil companies to manage its oil resources, but the absence of such companies did not prevent Soviet oil industry from becoming an important source of revenue for the Soviet state. Methods. The article is organized as a comparative analysis of the Soviet Union, Mexico, and Venezuela, three countries, the governments of which nationalized their oil industries at some points in the 20th century. Results and Discussions. The article shows that oil revenues played an important role in the collapse of the political regimes of all three countries after the dramatic decrease of international oil price in 1986.


2014 ◽  
Vol 13 (5-6) ◽  
pp. 626-647 ◽  
Author(s):  
Barbara Hogenboom

Chinese oil companies have recently started to set up operations in Latin America, and they are doing this at a rapid pace. This article aims to provide an overview of the increasing flows of oil and capital (fdiand credit) between Latin America and China, and to clarify how they interact with the broader Sino-Latin American relations as well as Latin America’s changing political landscape. In addition to regional trends, the cases of Venezuela, Brazil and Ecuador are discussed. The article combines an assessment of factual data with an analysis of the broader political economy context in which these new oil relations operate. Next to national differences, three general tendencies stand out: first, the type of arrangements and coordinated activities that Chinese companies, banks and government agencies deploy differ from those of other large oil-seeking nations; second, while the arrival of Chinese capital is welcomed by Latin American governments and pictured as part of non-imperialist South-South relations, Chinese oil companies and loans are sometimes criticized in local media by scholars, opposition andngos; and third, Chinese oil imports and investments have added to changing attitudes and policies towards strategic sectors under new political regimes, which allows for more social spending but which critics have labeled as the return to an ‘extractivist model.’


Energy Policy ◽  
2017 ◽  
Vol 101 ◽  
pp. 473-483 ◽  
Author(s):  
Juan M. Ramírez-Cendrero ◽  
María J. Paz

2021 ◽  
Vol 23 (2) ◽  
pp. 201-216
Author(s):  
Megan DeVirgilis

The Gothic short form in Latin America has yet to receive focused scholarly attention. Yet, despite no early Gothic novel tradition to speak of, the Gothic mode emerged in poetry and short fiction, representing particular anxieties and colonial/postcolonial realities specific to the region owing in part to a significant increase in periodicals. Focusing on two case studies – Clemente Palma's ‘La granja blanca’ (Peru, 1904) and Horacio Quiroga's ‘El almohadón de plumas’ (Uruguay, 1917) – this article will explore how Latin American authors classified as modern, modernista, and criollista were experimenting with Gothic forms, adapting the design of the traditional Gothic novel to intensify its effect and reach a wider readership. Demonstrating a particular influence of Poe, a unity of effect is created, one that suggests that the home is a place of horrors, not comfort, and the uniquely horrifying settings and plot ultimately challenge established moral codes and literary tendencies.


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