Gazprom’s Vertical Ambitions … At Home and Abroad?
September 13th, 2007
The International Herald Tribune speculated about Gazprom’s vertical ambitions in a short note today. According to the report, “….Gazprom, which is controlled by the Russian government, wants to buy a major stake in Mosenergo, Moscow’s main energy supplier. In the short term, this might not affect consumers too much. They may even benefit, if Gazprom […]
Read more »Venezuela and China Increase Ties
September 13th, 2007
Today’s Energy Daily reports that Venezuela and China are expanding their oil ties, with their respective state petroleum companies stating that they will spend more than $10 billion to develop the oil-rich Faja del Orinoco region. President Hugo Chavez also said earlier this week Venezuelan state-owned energy firm PDVSA would collaborate with China National Petroleum […]
Read more »Dubai(‘s) World?
September 12th, 2007
Given the continued prosperity and ascendancy of Dubai & the United Arab Emirates, it will be important to watch their local firms expand globally. The WSJ recently offered an interesting look at Dubai World, the business and investment holding arm of the Dubai government which has invested more than $30 billion in real-estate projects abroad, […]
Read more »OMV, Iran, and Yemen
September 12th, 2007
An interesting WSJ article on Austrian oil-and-gas company OMV AG which, after several acquisitions in recent years, is now the biggest oil-and-gas player in Central and Eastern Europe, with sales of €19 billion ($26.16 billion) last year. Clearly, OMV is not discouraged by challenging markets or threats of sanctions: “…The company, which is drilling for […]
Read more »Emaar, the UAE, and North Korea
September 6th, 2007
Again thanks to STRATFOR (link to website only; article requires a subscription), the Chairman of Emaar Properties PJSC, the Middle East’s biggest developer by market value, flew to the North Korean capital in his own plane across the West Sea, aka the Yellow Sea. As STRATFOR notes, “…The private plane visit is the first of […]
Read more »Turkish Investment in Iranian Natural Gas
September 6th, 2007
Thanks to STRATFOR (link to site only; article requires a subscription), I noted Turkish Petroleum Corporation’s (TPAO) announcement that it is pressing ahead with plans to invest $3.5 billion in Iran’s South Pars natural gas field and hopes to sign further agreements in the first quarter of 2008. The project entails developing the field to […]
Read more »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.