Pemex: Coming Up Dry?
July 17th, 2009
Via RigZone, more pessimistic news on Pemex. As the report notes: “…Mexican oil giant Petroleos Mexicanos is struggling to meet an ambitious $20 billion investment plan for this year after it nearly quadrupled capital expenditures over the past decade. Pemex, as the state-run company is known, needs to find new pools of oil to replace […]
Read more »Pemex: Unable to Reverse Its Accelerating Production Decline
January 21st, 2009
Via Stratfor (subscription required), an interesting analysis of Petroleos Mexicanos’ (Pemex) continued production woes. As the article notes “…Oil output … dropped 9 percent in 2008 to about 2.8 million barrels per day (bpd). This is down from 3.08 million bpd in 2007, and from Pemex’s all-time high of about 3.8 million bpd in 2004. […]
Read more »Brazil Surpasses Mexico
October 15th, 2008
As reported by The Energy Tribune, Brazil now outshines a number of other Latin American countries in new regional petroleum reserve rankings. As the article notes: “…For the first time, Brazil has surpassed Mexico in terms of proved oil reserves, according to the country’s hydrocarbons regulator, A.N.P. Brazil boasted 12.6 billion barrels at the end […]
Read more »Pemex: Mexico’s Last Resort
July 23rd, 2008
From Stratfor (subscription required), an excellent analysis of Mexico’s Petroleos Mexicanos (Pemex) turning to its last resort to prevent Mexico from becoming a net oil importer within a decade, namely its announcement that the company may start drilling for crude oil abroad if the government fails to ease legislation to allow foreign energy partners into […]
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.