Archive for the ‘Petróleos de Venezuela’ Category

Venezuela: Striking It Poor

Courtesy of Foreign Policy, a sobering look at the tragic — and totally avoidable — self-destruction of one of the world’s richest oil economies: In the spring of 1959, at a secretive meeting at a yacht club in Cairo, Venezuela’s then-minister of mines and hydrocarbons, Juan Pablo Pérez Alfonso, hatched a plan to give big […]

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PDVSA Is Collapsing

Via The Financial Tribune, an article on the dire condition of Venezuela’s PDVSA: The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says the country’s oil firm is on the cusp of total collapse and expects oil production to drop by 600,000 barrels per day each year amid lack of […]

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PDVSA: Once A Cash Cow, Now On Verge Of Collapse

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 […]

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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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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.