Venezuela Crises Compound as Oil Industry Falls Into Disarray
September 20th, 2016
Courtesy of the New York Times, an interesting look at Venezuela’s crisis: One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many oil workers say they are paid so little that they barely eat and have to keep watch […]
Read more »Venezuela: Running On Empty
August 30th, 2016
Courtesy of Foreign Affairs (subscription required), a very interesting look at Venezuela and how the state ruined its national oil company in its Sept/Oct 2016 issue: Venezuela is in the throes of its most tumultuous political and economic period in decades. The collapse of global energy prices has wreaked havoc on the country’s economy. Estimates […]
Read more »Libya’s Rival NOC Oil Companies Agree To Merge
July 5th, 2016
Courtesy of Reuters, an article on consolidation in the Libyan petroleum sector: Libya’s state energy company National Oil Corporation has agreed to merge with a rival company established in the east by one of the country’s two former competing governments, the NOC said in a statement. The merging of the two NOCs is a positive […]
Read more »Venezuela’s Energy Profile
November 30th, 2015
Via Eurasia Review, a look at Venezuela’s energy sector: Venezuela is one of the world’s largest producers and exporters of crude oil. The country has been one of the largest exporters of crude oil in the Americas. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player […]
Read more »Russian Energy Giants: A Rough Road Ahead
October 16th, 2015
Courtesy of STRATFOR (subscription required), interesting commentary on Rosneft and Gazprom: Forecast Rosneft will face difficulty as Moscow prioritizes the government’s financial and political needs over those of the oil firm. Gazprom’s piped natural gas export monopoly will eventually end, spurring competition between the Russian energy firms for customers at home and abroad. Russian President […]
Read more »Cuba Hoping To Kickstart Offshore Oil & Gas Industry
July 23rd, 2015
Via Stasha Macro World, an interesting look at Cuba’s effort to kickstart its offshore petroleum activities: The Cuban oil company Cubapetroleo, or Cupet, is close to a deal with Angola’s state-run Sonangol to get Cuba’s deepwater energy exploration program up and running three years after work was suspended because of failure to find any oil […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.