RSVP: Mexico’s Invitation To Foreign Oil Companies
August 30th, 2014
Courtesy of Fortune, a look at the impact that Mexico’s recent decision – seventy-six years after nationalizing its oil business – to invite foreign companies back to drill might have upon Pemex: Mother Nature long coddled Mexico’s national oil company, blessing it with fountains of homegrown black gold. But in recent years she has gotten […]
Read more »Mexico Opens Up Energy Sector
August 12th, 2013
Courtesy of The Financial Times, a report on Mexico’s decision to open up its energy sector: President Enrique Peña Nieto has unveiled plans to change Mexico’s constitution and open up the country’s energy sector to foreign investors for the first time in 75 years, a move that could unleash billions of dollars of investment from […]
Read more »Pemex: Unfixable?
August 11th, 2013
Via The Economist, a look at Pemex, Mexico’s troubled oil firm: A JAR of crude oil, not much bigger than one of baby food, has pride of place in the office of Carlos Morales, the veteran oilman in charge of exploration and production at Pemex, Mexico’s state oil monolith. He handles it reverentially because it […]
Read more »Pemex: How To Fix A State-Run Oil Monopoly That Hasn’t Returned A Profit In Seven Years?
August 7th, 2013
Via Quartz, a look at Mexico’s efforts to reinvigorate PEMEX and Mexico’s energy sector: The time has nearly come for Mexico’s president, Enrique Peña Nieto, to unveil his plan to reform Mexico’s heavily protected energy sector. But is Mexico ready? Peña Nieto is slated to propose a sweeping energy reform this week, which could come as […]
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 »In a Change, Mexico Reins In Its Oil Monopoly
April 24th, 2012
Via The New York Times, a look at the Mexican government’s increasing role in Pemex’s daily operations: Pemex, the state-owned oil company, invested billions at the Chicontepec field, but has extracted little petroleum. For seven decades, Pemex, Mexico’s state-owned oil monopoly and a mainstay of the government’s revenue, regulated itself — which is a polite […]
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.