Archive for the ‘Petroleo Brasileiro’ Category

Petroleo Brasileiro: A South American Sleeping Monster?

Via Guru Focus, an article on Petroleo Brasileiro: My advisor during college was the son of a retired Brazilian military official. Before turning to academics he was an advisor for the Brazilian Ministry of Foreign Relations. Surely the man lacked no patriotism for the country that educated him. However, he displayed a great deal of […]

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Perils of Petrobras

Courtesy of The Economist, a look at Petrobras’ efforts to get back on track: BRAZIL’S discovery of oodles of offshore oil in 2007 felt like a transformative moment. For Petrobras, the state-controlled oil company, it raised the prospect of pumping 5m barrels a day by 2020, up from around 2m—meaning a windfall for the government […]

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Pemex/Petrobas: A Tale Of Two State Oil Companies

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: […]

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The Geopolitics of Oil Refining: China’s Entry into a Venezuelan-Brazilian Oil Deal

Courtesy of STRATFOR (subscription required), a report on China’s support of a faltering deal between Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and Brazilian energy company Petroleos Brasileiros (Petrobras) over the Abreu e Lima refinery possibly as a way of tying Brazil to Venezuela, hobbling Brasilia’s ability to compete elsewhere.  As the article notes: […]

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PDVSA’s Joint Venture With Petrobras: A Sign of Brazil’s Increasing Influence

Via Stratfor (subscription required), an interesting look at a new partnership between Petroleos de Venezuela (PDVSA) and Petroleo Brasileiro SA (Petrobras) to establish a joint-venture company to build and operate the Abreu e Lima refinery in northeastern Brazil’s Pernambuco state.  As the article notes: “…Under the agreement, Petrobras will own a 60 percent stake in […]

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No Concessions On Brazil’s Oil PSA Plan

Via The Financial Times, a report that Brazil is staying firm on its controversial decision to switch from the current concessions system to production sharing agreements, or PSAs.  As the article notes: “…For us, the pre-salt is a passport,” says Dilma Rousseff, chief minister in Brazil’s government and a would-be next president. “It’s a passport […]

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About This Blog
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

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.