PDVSA: Once A Cash Cow, Now On Verge Of Collapse
December 28th, 2017
Courtesy of the New York Times, a detailed report on the demise of Venezuela’s PDVSA: A general with no energy experience has been installed as the head of the state oil company. Arrests, firings and desperate emigration have gutted top talent. Oil facilities are crumbling, while production is plummeting. As the rest of the oil-producing world recovers on the […]
Read more »Empresa Polar: Feeding Venezuela’s Hungry Masses
November 15th, 2017
Via Ozy, a report on He’s one of Latin America’s most private billionaires. But as Venezuela lurches through the worst economic, social and political crisis in its history, he’s also become something of a Han Solo figure, called on by the famished masses to fight for them. Lorenzo Mendoza, 52, doesn’t exactly come off as […]
Read more »Rosneft: Petroleum and Policy
October 29th, 2017
Courtesy of The New York Times, a report on Russia’s use of Rosneft, as a foreign policy instrument: Russia is increasingly wielding oil as a geopolitical tool, spreading its influence around the world and challenging the interests of the United States. But Moscow risks running into trouble, as it lends money and makes deals in turbulent […]
Read more »How The Venezuelan Collapse Could Bring Down A Region
August 13th, 2017
Via Frontera News, speculation on the potential impact that Venezuela’s collapse could have upon the region: The Venezuelan government is living on borrowed time. The embattled United Socialist Party of Venezuela (PSUV) government faces increased pressure from all directions to relinquish power and allow free elections. Popular street protests and government opposition have created volatile […]
Read more »How Venezuela Ruined Its Oil Industry
May 9th, 2017
Via Forbes, a look at how Venezuela ruined its oil industry: Venezuela is a country in crisis. Protesters that are opposed to the socialist government are being killed, and Venezuelan citizens are starving to death. A humanitarian disaster is unfolding that has been in the making for years. But how can it be that the […]
Read more »Venezuela Crises Compound as Oil Industry Falls Into Disarray
September 20th, 2016
Courtesy of the New York Times, an interesting look at Venezuela’s crisis: One oil rig was idle for weeks because a single piece of equipment was missing. Another was attacked by armed gangs who made off with all they could carry. Many oil workers say they are paid so little that they barely eat and have to keep watch […]
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.