$100 Oil: Creating a New World Order
November 10th, 2007
An interesting look by The New York Times at how the approach of triple-digit oil prices has redrawn the economic and political map of the world, causing oil-rich nations to enjoy historic gains and opportunities, while major importers — including China and India — confront rising economic and social costs. “…Managing this new order is […]
Read more »A Rio Find: Brazil Finds a New Hydrocarbon Deposit
November 8th, 2007
Via RIA Novosti, news that a massive oil and gas deposit has been discovered in Brazil, which could make it one of the world’s leading hydrocarbon producers. “…the new field, discovered on the southwestern coast of the country, could contain between 5 and 8 billion barrels of light oil. If results of the initial research […]
Read more »Oiling the Silk Road…
November 8th, 2007
Kazakh national energy company KazMunaiGas announced that it – along with China National Petroleum Corporation – have agreed to build a natural gas pipeline linking Beijing to natural gas reserves in the Caspian Sea. The companies will use a 50-50 operator to construct and maintain the pipeline, which will be built in two phases in […]
Read more »Iran: Refining its Decision to Import Oil Products
November 7th, 2007
As noted in a recent Stratfor report (subscription required), Iran’s national oil company announced plans to build eight new oil refineries with the ultimate goal of becoming a net exporter of refined oil products. “….The world’s fourth-largest exporter of crude oil, Iran ironically depends on the world market for 40 percent of its gasoline due […]
Read more »Petróleos de Venezuela S.A. – A Study in Petrocracy
November 6th, 2007
I strongly recommend a terrific article by Tina Rosenberg in the New York Times magazine which describes the unexploited promise – and many problems – associated with Petróleos de Venezuela S.A. (Pdvsa) under the current Venezuelan political regime in particular and nationalized oil in general. As the article notes: “…77 percent of the world’s oil […]
Read more »The New Seven Sisters: Sending Big Oil the Way of the Dinosaurs?
November 2nd, 2007
An interesting post from Oil and Glory noting an evolutionary shift in the oil business that will see the growing marginalization – and probable absolute shrinkage – of Big Oil over the next decade and beyond, in favor of the New Seven Sisters. The main reason, according to the article, is that the oil majors: […]
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.