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 »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 »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 »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 »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.