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Keyword: stateowned

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  • Pemex launches in Houston with first gas station outside of Mexico

    12/04/2015 4:23:55 AM PST · by thackney · 33 replies
    Fuel Fix ^ | December 3, 2015 | Jordan Blum
    Mexico’s national oil company launched its first gasoline station outside of the country’s borders on Thursday in Houston, the first of several stations planned for the city. After Mexico opened its borders to foreign investment in the country’s oil fields in 2014, state-owned Petróleos Mexicanos, know as Pemex, has started to test its brand strength by competing in the U.S., with that effort beginning in Houston, said José Manuel Carrera Panizzo, the company’s chief of alliances and new business development. “We want to be put to the toughest test,” Carrera said of the competitive Texas gasoline market. “We’re trying to...
  • Venezuelas Refinery Explosion: Has Chvez Made Petroleum Too Political?

    08/29/2012 1:10:30 PM PDT · by Cincinatus' Wife · 7 replies
    Time ^ | August 28, 2012 | Tim Padgett
    When I visited Venezuelas Paraguan oil refinery complex, the worlds second largest, in 2007, anxieties seemed to flare like its burn-off pipes. Employees warned of the plants precarious state; a major equipment upgrade was a year behind schedule and the refineries were operating well below capacity. Paraguan isnt living up to its original design, one supervisor told me, because the state-run oil monopoly, Petrleos de Venezuela (PDVSA) doesnt want to cover the costs. Critics called the refineries, on Venezuelas western Paraguan Peninsula, an example of how PDVSA was failing to make meaningful investments under Venezuelas left-wing President Hugo Chvez, even...
  • As Growth Ebbs, Brazil Powers Up Its Bulldozers [How Marxists run economies into the ground]

    06/22/2012 6:13:37 AM PDT · by Cincinatus' Wife · 3 replies
    New York Times ^ | June 21, 2012 | SIMON ROMERO
    IPOJUCA, Brazil More than 40,000 laborers swarm the port complex here in northeast Brazil, building a refinery for the state oil company. Five thousand others toil at a shipyard, another government-led project. Real estate prices are soaring and unemployment is falling in this region along the Atlantic coast, once known for its festering poverty. In a show of the extraordinary sway that Brazils government wields in nearly every important area of the economy, President Dilma Rousseff is accelerating an array of stimulus projects throughout the country aimed at blunting a slowdown that has reduced Brazils economic growth to a...
  • Will Presidential Over-Reach Doom ObamaCare?

    06/13/2009 7:52:01 PM PDT · by Shellybenoit · 18 replies · 770+ views
    Weekly Standard/The Lid ^ | 6/13/09 | The Lid
    Last Week, President Obama made a proposal that if passed will doom us all to US Government Run Health Care I strongly believe that Americans should have the choice of a public health insurance option operating alongside private plans, Obama wrote. This will give them a better range of choices, make the health care market more competitive, and keep insurance companies honest. Obama says public health insurance operating alongside private plans, but that is not really the truth. If You have a group of competitors, one is the government with virtually unlimited resources so they can keep its prices artificially...
  • Putin's hard line echoes shadowy lobby group

    05/23/2006 11:34:06 AM PDT · by Tailgunner Joe · 90 replies · 724+ views
    Globe and Mail ^ | 05/23/2006 | GRAEME SMITH
    MOSCOW Its only known address is a half-collapsed abandoned building, and its only telephone number doesn't work. But somehow a secretive lobby group, with reputed links to Russia's intelligence services, has emerged as a possible source of inspiration for President Vladimir Putin's state-of-the-union speech. When Mr. Putin gave his annual televised address on May 10, military analyst Ivan Safranchuk immediately thought the President's words about national defence sounded different from the rest of the speech. "That part seemed out of place," the Moscow director of the World Security Institute said a few hours after Mr. Putin's appearance. "Maybe there...
  • BBC Getting Closer To Launching 24-Hour News Channel In America?

    10/12/2005 7:33:30 AM PDT · by frankjr · 48 replies · 1,096+ views
    TVNewser ^ | 10/12/05 | Brian Stelter
    "The lunach of a 24-hour BBC News channel could be getting closer as the corporation extended its BBC World News service to offer hours of early morning news," Brand Republic reports. "BBC World has secured a three-hour block on BBC America, replacing half-hour bulletins. It marks the first time BBC World News has broadcast for three hours straight in the US." More: "Jeff Hazell, BBC World's director of distribution and business development, hinted at a move to launching a 24-hour BBC World News channel in the US." "The US is a major focus for us and this new agreement with...
  • Terms soured bid by CNOOC - Chinese oil giant pressed Unocal to lobby on its behalf

    07/26/2005 12:29:49 AM PDT · by Cincinatus' Wife · 7 replies · 514+ views
    Houston Chronicle ^ | July 26, 2005 | LYNN J. COOK
    Buried in the fine print of Unocal's latest filing with regulators is an interesting dissection of the behind-closed-doors dealing that has played out as Chevron and China's CNOOC Ltd. bid against each other for one of this country's oldest oil companies. According to the filing, Unocal on July 16 almost secured a higher all-cash offer of $69 per share from CNOOC, a subsidiary of government-owned China National Offshore Oil Co. But the wheels fell off when the national oil company insisted Unocal lobby on CNOOC's behalf before Congress, according to Unocal's updated proxy statement filed with the Securities and Exchange...