Archive for the ‘Petróleos Mexicanos (Pemex)’ Category

Pemex’s Losses Deepen Mexico’s Financial Woes

Via STRATFOR (subscription required), a short report on Pemex: Mexican President Andres Manuel Lopez Obrador’s failure to strengthen Pemex’s finances and shore up domestic oil production will exacerbate Mexico’s public finance woes from COVID-19.  On Aug. 24, Mexico’s state-owned energy giant Pemex reported its lowest level of monthly crude oil production since 1979, with the company’s […]

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Mexico’s Pemex: From Cash Cow To Resource Drain

Courtesy of The Financial Times, a look at Pemex: At the end of 2016, Pemex came up with a new strategy: it would focus exclusively on profitable activities. The plan, a no-brainer for most businesses, was a novelty for Mexico’s state oil company, a national champion created in 1938 after Mexico expropriated US and UK […]

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RSVP: Mexico’s Invitation To Foreign Oil Companies

Courtesy of Fortune, a look at the impact that Mexico’s recent decision – seventy-six years after nationalizing its oil business – to invite foreign companies back to drill might have upon Pemex: Mother Nature long coddled Mexico’s national oil company, blessing it with fountains of homegrown black gold. But in recent years she has gotten […]

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Mexico Opens Up Energy Sector

Courtesy of The Financial Times, a report on Mexico’s decision to open up its energy sector: President Enrique Peña Nieto has unveiled plans to change Mexico’s constitution and open up the country’s energy sector to foreign investors for the first time in 75 years, a move that could unleash billions of dollars of investment from […]

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Pemex: Unfixable?

Via The Economist, a look at Pemex, Mexico’s troubled oil firm: A JAR of crude oil, not much bigger than one of baby food, has pride of place in the office of Carlos Morales, the veteran oilman in charge of exploration and production at Pemex, Mexico’s state oil monolith. He handles it reverentially because it […]

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Pemex: How To Fix A State-Run Oil Monopoly That Hasn’t Returned A Profit In Seven Years?

Via Quartz, a look at Mexico’s efforts to reinvigorate PEMEX and Mexico’s energy sector: The time has nearly come for Mexico’s president, Enrique Peña Nieto, to unveil his plan to reform Mexico’s heavily protected energy sector. But is Mexico ready? Peña Nieto is slated to propose a sweeping energy reform this week, which could come as […]

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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.