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The arrest of Venezuelan President Nicolas Maduro, on Saturday, sent shockwaves across the globe. And although the targeted military operation was a success, th
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
Early on January 3, 2026, the United States apprehended Venezuelan President Nicolás Maduro and his wife and removed Maduro from power. Maduro was transported to New York, where he now faces federal charges of narco-terrorism and drug trafficking.
The Center on Global Energy Policy at Columbia University SIPA's Women in Energy initiative and Accenture invite you to join us for an evening of conversation and networking...
Event
• Accenture – One Manhattan West
395 9th Ave, New York
About Us
We are the premier hub and policy institution for global energy thought leadership. Energy impacts every element of our lives, and our trusted fact-based research informs the decisions that affect all of us.
The Future of State-owned Oil & Gas Companies in Latin America
Past Event
April 21, 2021
10:00 am - 11:30 am utc
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Latin America’s state-owned oil and gas sector is facing unprecedented challenges caused by the economic impact of the COVID-19 pandemic, the resulting collapse in commodity prices and crude oil demand, as well as related financial and political pressures. These conditions, in addition to persistent administrative challenges and long-term debt liabilities, have caused Petróleos de Venezuela (PDVSA) production to drop to the lowest levels per citizen since the 1920s in Venezuela, which has the world’s largest proven crude reserves. Political upheaval has also impacted Petroecuador, Pemex, and YPF, although the latter has announced plans to invest $1.5 billion to ramp up the output of shale gas field Vaca Muerta.
The latest decision by President Jair Bolsonaro to replace Petrobras CEO Roberto Castello Branco with a former army general with little experience in the oil industry harkens back to Brazil’s history of political meddling in fuel pricing. Colombia’s Ecopetrol stands out as a bright spot in the region. Among the reforms enacted over the last decade was the listing of 11% of the company’s shares, which provided an infusion of capital that helped the company enlist better managers. To boost reserves, it has teamed up with international oil majors to invest in fracking and in upstream activities in other countries.
Columbia University’s Center on Global Energy Policy together with the Columbia Global Centers hosted a panel of exceptional policy experts to analyze the different economic, political, and social dynamics at play in the main oil and gas producing countries in Latin America.
Moderator:
Dr. Thomas J. Trebat, Director, Columbia Global Centers | Rio de Janeiro
Panelists:
Rosanety Barrios, Independent Analyst
Philippe Benoit, Adjunct Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Dr. Mauricio Cárdenas, Visiting Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Dr. Fernanda Delgado, Professor and Strategic Advisor, FGV Energia
Dr. Mauricio Cárdenas, Visiting Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Panelists
Rosanety Barrios, Independent Analyst
Philippe Benoit, Adjunct Senior Research Scholar at the Center on Global Energy Policy at Columbia University SIPA
Dr. Fernanda Delgado, Professor and Strategic Advisor, FGV Energia
The recent military operation to remove Venezuelan President Nicolás Maduro and First Lady Cilia Flores raises several implications for the future of Venezuela and Latin America, geopolitics, and energy markets. Cosponsored by SIPA’s Institute of Global Politics (IGP) and Center for Global Energy Policy (CGEP), along with Columbia’s Institute of Latin American Studies (ILAS), this webinar will analyze the circumstances and impact of their capture and extradition to New York to face narcoterrorism and drug trafficking charges.
On January 1, 2026, the European Union's highly-anticipated Carbon Border Adjustment Mechanism (CBAM) will take effect. Introduced in 2023, CBAM will require the importers of certain carbon-intensive goods...
The Center on Global Energy Policy at Columbia University SIPA's Women in Energy initiative and Accenture invite you to join us for an evening of conversation and networking...
Event
• Accenture – One Manhattan West
395 9th Ave, New York
The Columbia Global Energy Summit 2026 is an annual event dedicated to thought-provoking discussions around the critical energy and climate challenges facing the global community.
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
