Latin America and the Caribbean are experiencing an energy transformation marked by a resurgence in hydrocarbon exploration and production. Countries such as Guyana, Brazil, Argentina, and Mexico are pioneering new development frontiers, from deepwater oil to unconventional resources such as shale. Despite the global push toward decarbonization, multiple analyses agree that hydrocarbons will remain part of the energy mix until 2050, acting as a bridge to an orderly transition. This session will examine the strategic role of oil and gas in the region, technological advances in exploration and production, and associated environmental challenges. It will also address how LAC countries can balance the use of their resources with global climate commitments, in a context where operational efficiency and emissions reduction will be key to future competitiveness.
