Archive for the ‘Petróleos de Venezuela’ Category

Venezuela Crises Compound as Oil Industry Falls Into Disarray

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 […]

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Venezuela: Running On Empty

Courtesy of Foreign Affairs (subscription required), a very interesting look at Venezuela and how the state ruined its national oil company in its Sept/Oct 2016 issue: Venezuela is in the throes of its most tumultuous political and economic period in decades. The collapse of global energy prices has wreaked havoc on the country’s economy. Estimates […]

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Venezuela’s Energy Profile

Via Eurasia Review, a look at Venezuela’s energy sector: Venezuela is one of the world’s largest producers and exporters of crude oil. The country has been one of the largest exporters of crude oil in the Americas. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player […]

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The Great Venezuelan Oil Bust

Via the Globe and Mail, an interesting look at Venezuela’s petroleum industry: When Venezuelan oil minister Rafael Ramirez recently announced an ambitious new target of six million barrels per day by 2019, the state-run press heralded the imminent expansion of an industry vital to the country’s health. But people here heard the news and rolled […]

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Can PDVSA Recover?

Via The Journal of Energy Security, a look at Venezuela’s PDVSA: The Venezuelan oil industry can be pictured as a toothless tiger resting on its haunches before a huge slice of raw meat.  The country sits on significant hydrocarbon resources that remain undeveloped due to severe management, technical and financial constraints driven by the application […]

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Vietnam And Venezuela Develop A New Oil Field

Via Reuters, an article on a Vietnam-Venezuela oil and gas joint venture that has begun production at a new field in the Orinoco region with an initial output of 50,000 barrels per day (bpd).  As the report notes: “…The venture, PetroMacareo, would raise extra heavy crude oil output from the field in Junin 2 block […]

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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.