China’s Thirst For Oil Takes Them To Venezuela
September 18th, 2009
Via Energy Daily, a report that Venezuelan President Hugo Chavez recently announced a 16-billion-dollar deal with China to drill for oil in the resource-rich Orinoco basin. As the article notes: “…a deal was signed in Beijing for the Orinoco basin. It sets out a Chinese investment of 16 billion dollars over the next three years,” […]
Read more »New Sister Secrets: In Depth Analysis of Pemex, PDVSA, and Petrobras
August 18th, 2009
Via The Oil & Gas Journal, an in-depth comparison of Mexico’s Petroleos Mexicanos (Pemex), Venezuela’s Petroleos de Venezuela SA (PDVSA), and Brazil’s Petroleo Brasileiro SA (Petrobras), the most talked-about and likely the most influential National Oil Companies (NOCs) in the Western Hemisphere and three of the New Seven Sisters. As the article notes: “…Pemex and […]
Read more »PDVSA: Approaching Critical Condition….
August 3rd, 2009
Via El Universal, a very dire outlook on state-run oil holding Petróleos de Venezuela (Pdvsa). As the article states: “…Pdvsa has little cash flow.” Pdvsa is looking for money to keep the pace of expenses, lamented Diego González, former manager of Pdvsa Oilfields and Gas. Pdvsa’s alarms have set off. Ten issues bring the company […]
Read more »As PDVSA Declines So Does Venezuela’s Influence
May 20th, 2009
Courtesy of The New York Times, adroit analysis of the rise – and fall – of Venezuela’s petroleum-funded influence in South/Central America, and the more recent ascendancy of China & Brazil in the region. As the article notes: “…President Hugo Chávez’s push to extend his sway in Latin America is waning amid low oil prices […]
Read more »Venezuela Seeks Japanese Support for PDVSA
April 10th, 2009
Via Robert Amsterdam, an interesting look at Venezuela’s continuing efforts to reach out to global firms to help finance its oil sector. As the article notes, the most recent initiative involved Japan: “…Hugo Chavez and Japan’s Prime Minister Taro Aso today agreed to cooperate on oil and gas developments in the Latin American nation, according […]
Read more »Venezuela and Russia Form JV To Explore For Oil
March 18th, 2009
Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects. As the article notes: “…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, […]
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.