Ecopetrol: Peaceful Growth
October 31st, 2012
Courtesy of The Financial Times, a detailed look at Ecopetrol: Never mind its recent fall in profits. Many energy companies would drool at Ecopetrol’s impressive growth rate so far. Since 2008, Colombia’s state-controlled oil company has increased production at a rate of 16 per cent a year. “We are focused on sustaining this growth rate, […]
Read more »Pemex/Petrobas: A Tale Of Two State Oil Companies
October 31st, 2012
Courtesy of The Financial Times, a look at Pemex and Petrobras: Shares of Petrobras fell sharply on Monday after the Brazilian state company reported a 12 per cent year-on-year decline in third-quarter net profit to $2.7bn. The next day Pemex, the Mexican state oil company, reported a $1.9bn quarterly net profit. But progress was huge: […]
Read more »Vladimir Putin: The New Global Shah Of Oil
October 29th, 2012
Via Forbes, an interesting article on the impact of Rosneft’s planned purchase of TNK-BP: Exxon Mobil is no longer the world’s number-one oil producer. As of last week, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company. Rosneft is buying TNK-BP, which is […]
Read more »Azerbaijan: Socar, So Good…
October 24th, 2012
Via GreenGoPost, a look at Azerbaijan’s oil dependence: In Azerbaijan, the hydrocarbon, oil, and gas extraction industry continues to represent the lion’s share of the economy. Yet, according to economist Vugar Bayramov, director of the Center for Economic and Social Development, the mismanagement of profits and the lack of a development strategy for other sectors […]
Read more »Is Gazprom’s Position Weakening?
September 5th, 2012
Via STRATFOR (subscription required), a very interesting two-part analysis of the challenges building up against Gazprom both internally in Russia and externally as well: State-owned Gazprom currently accounts for more than 80 percent of Russia’s natural gas production. Moreover, the company has a monopoly on natural gas distribution (via pipeline or liquefied natural gas) and exports […]
Read more »Can PDVSA Recover?
August 9th, 2012
Via The Journal of Energy Security, a look at Venezuela’s PDVSA: The Venezuelan oil industry can be pictured as a toothless tiger resting on its haunches before a huge slice of raw meat. The country sits on significant hydrocarbon resources that remain undeveloped due to severe management, technical and financial constraints driven by the application […]
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.