Venezuelan Oil: A Risky Investment For China
March 16th, 2012
Via The Washington Times, a report on China’s investment in Venezuelan oil: China has poured billions of dollars into Venezuela’s oil sector to expand its claim over the country’s massive oil reserves. But Beijing is getting relatively little for its investments, and Chinese officials are increasingly frustrated with Venezuelan President Hugo Chavez, according to energy […]
Read more »The Geopolitics of Oil Refining: China’s Entry into a Venezuelan-Brazilian Oil Deal
October 21st, 2011
Courtesy of STRATFOR (subscription required), a report on China’s support of a faltering deal between Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and Brazilian energy company Petroleos Brasileiros (Petrobras) over the Abreu e Lima refinery possibly as a way of tying Brazil to Venezuela, hobbling Brasilia’s ability to compete elsewhere. As the article notes: […]
Read more »OPEC: Venezuela Is Now The World’s Top Oil Producer
August 29th, 2011
Via Celsias, a report that The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela now has the world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. As the article notes: “…Oil production in Venezuela is under the control of the state-owned Petróleos de Venezuela, S.A. company, […]
Read more »Pemex Now 4th Place As Global Oil Producer
August 1st, 2011
Courtesy of Energy Daily, a report that – after almost 13 years as the third largest producer in the world – Mexico’s Petroleos Mexicanos has dropped into fourth place. As the article notes: “…Venezuela’s state-owned oil company Petroleos de Venezuela, S.A., more commonly referred to by its acronym PDVSA, claimed third place. Petroleos Mexicanos — […]
Read more »PDVSA’s Joint Venture With Petrobras: A Sign of Brazil’s Increasing Influence
November 4th, 2009
Via Stratfor (subscription required), an interesting look at a new partnership between Petroleos de Venezuela (PDVSA) and Petroleo Brasileiro SA (Petrobras) to establish a joint-venture company to build and operate the Abreu e Lima refinery in northeastern Brazil’s Pernambuco state. As the article notes: “…Under the agreement, Petrobras will own a 60 percent stake in […]
Read more »Oil Nationalism in Latin America
September 23rd, 2009
Courtesy of Foreign Policy In Focus, an interesting report on oil nationalism in Latin America. As the article notes: “…Latin America is endowed with 132 billion barrels of “proven” oil. Venezuela, Brazil, Mexico, and Ecuador have significant reserves and strong state involvement in the exploration and production of oil through their nationalized companies Petróleos de […]
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.