A few years ago, the stars seemed to be aligning for Latin America to become a global sweet spot for oil and gas investors. Strong unexplored geologic potential, low costs and attractive terms from a string of market-minded leaders offered high hopes for a new era of play-opening growth. Today, while assets like Brazil’s pre-salt and deepwater Guyana continue to stack up well, optimism has dimmed on once-transformative potential seen in other resources in the region. Political volatility has persisted, with Covid-19 increasing anti-incumbent sentiment even after some regimes swung back to nationalist views. The ... (full story)