Iranian Oil Swaps
September 3rd, 2007
An interesting analysis of Iran’s efforts to seek out oil swaps via John C.K. Daly and Energy Daily. As Daly points out, five nations share the Caspian’s coastline — Azerbaijan, Russia, Kazakhstan, Turkmenistan and Iran — and, when the Kashagan field comes online, there will be an enormous disparity between production and transit capabilities that […]
Read more »Petro-politics and the Kashagan Showdown…
September 2nd, 2007
Strongly recommend this comprehensive background post on the current crisis involving the Kazakh government and the international consortium developing the country’s Kashagan field. Of particular interest, was the impact analysis that restructuring the Kashagan project may have upon Kazakhstans’s “petro-promises”: “….Kazakhstan has engaged to supply multiple customers, most of them powerful, and some of them […]
Read more »Petrobras – No Longer a Petrosaurus
August 30th, 2007
An excellent article in today’s WSJ on Petrobras, one of the New Seven Sisters. I highly recommend a complete read, but of particular note was the following: “…Today, Petrobras boasts more crude reserves than Chevron Corp., lower costs of finding oil than Exxon Mobil Corp., and a listing on the New York Stock Exchange — […]
Read more »Ecopetrol: Out of the Chavez “Shadow”
August 29th, 2007
The WSJ’s Annelena Lobb took an interesting look at the public market debut of Colombian state-run energy giant Ecopetrol earlier this week. According to the article, “….Ecopetrol is selling just over a 10% stake in itself over the course of the offering. The initial round is for certain local investors, and lasts until Sept. 25. […]
Read more »CNOOC Defends Its African Strategy
August 29th, 2007
CNOOC defended its drive for oil in Africa in today’s Financial Times, such as its deal last year when it and South Atlantic Petroleum paid $2.7bn for a 45 per cent stake in Nigeria’s Akpo field. According to the article, CNOOC expects the deep-water Akpo field to begin production by late 2008, and to have […]
Read more »China’s Second West-East Pipeline Project
August 29th, 2007
From RIA Novosti via Energy Daily, I noticed that The China National Petroleum Corporation (CNPC) will finance the construction of a pipeline across China, to supply Central Asian gas to the country’s south and east. “…The 7,000 km (4,349 mile) pipeline with design capacity of 30 billion cubic meters per year is expected to go […]
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.