Energy & Mining International - Summer 2012 - (Page 68)
E M I
L AT I N A M E R I C A S P E C I A L S E C T I O N
Taking the Risk
[ B Y C H R I S FA U L K N E R ]
Between Argentina’s takeover of YPF, Bolivia’s expropriation of Red Electrica Corp., and the recent attacks on Columbia’s oil infrastructure by the Revolutionary Armed Forces of Columbia, Latin America and the Caribbean might be looking like a scary place to invest. But major players like ExxonMobil,
Chevron and Royal Dutch Shell are seeing only opportunity, and analysts are talking of the upside potential of Latin America and the Caribbean (LAC). National oil companies (NOCs) that managed to maintain a healthy reserve despite the recent global recession are looking with great interest at cash-strapped Latin American targets.
In December, Beowulf Energy LLC of New York and First Reserve Energy Infrastructure Fund acquired majority ownership of Eastern Caribbean Gas Pipeline Co., with plans to complete the undersea natural gas export pipeline project that has sat dormant for the past ﬁve years.
Table of Contents for the Digital Edition of Energy & Mining International - Summer 2012