As reported by Energy Daily, Brazil has signed a deal that would give Brazil’s Petrobras access to Cuban potentially oil-rich waters, where it hopes to begin drilling in the next two years. As the article notes: “…While Petrobras and Cuba already have a longstanding relationship, [the] agreement marked the first time the Brazilian company would […]
Read more »While past performance can never be considered as a strong indicator of future returns (in investment term), Time’s Curious Capitalist offered an interesting look back at the world’s ten best-performing stock indices (in dollar terms) since the beginning of the decade: Ukraine PFTS Index Russia RTS Index Peru Lima General Index Slovak Share Index Kuwait […]
Read more »There have been stories this past week or so about the severe winter and gas shortages in Iran, and their resulting cut in supplies to Turkey. The Iranian domestic shortage was supposed to be made up from Turkmenistan. Unfortunately the shortfall from Iran to Turkey was supposed to be made up by increased supplies from […]
Read more »Via Energy Daily, reports that one relatively obscure Western oil company – Ireland’s Dragon Oil – managed to beat out mega-competitors such as ExxonMobil, Chevron, BP and Royal Dutch Shell to develop Turkmenistan’s nascent Caspian oilfields, the result of years of careful planning during a time when oil traded for below $20 a barrel, and […]
Read more »Via Shana, news that Arvandan Oil and Gas Co. was busy setting up the first private oil producing company in Iran. What struck me most about the report was the rather audacious production goals this new venture is reported to have set, namely to “…produce seven percent of the world’s oil, to be the world’s […]
Read more »Via Stratfor (subscription required), an interesting look at the plans for Chinese telecommunications equipment company ZTE and Libya’s telecom regulator to build the first-ever WiMAX wireless commercial data network in Africa. While the project is intriguing in and of itself, of more note is the fact that this an early example of the coming wave […]
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