Axis of Commerce
August 29th, 2008
Via Portfolio Magazine, an interesting look at how U.S. companies are using Dubai as an illegal conduit into Iran. “…Despite sanctions aimed at stemming the sales of U.S. products to Iran, the goods are still getting there. U.S. sanctions were first imposed against Iran in 1979, during the hostage crisis. The current embargo dates back […]
Read more »Will India Be Imperial in Russia’s Far North?
August 29th, 2008
Via The Financial Times, an update on India’s bid for Imperial Oil’s Russian assets that we have discussed before. As the article notes:that “…only two events could delay the final curtain [to India’s Oil and Natural Gas Corp agreed bid]. One would be a decision by the Russian authorities to block state-controlled ONGC on antitrust […]
Read more »August 29th, 2008
As recently reported by The Guardian, China crossed the line first in the race for big oil contracts in post-Saddam Iraq and has gained a head start over Western oil majors in the competition for future energy deals. Per the article: “…China’s biggest oil company, state-run CNPC, agreed a $3 billion service contract with Iraq […]
Read more »Brazil: Drilling Under Petrobras?
August 29th, 2008
Via The Economist, an interesting analysis of the Brazilian government’s debate whether to create a new, wholly state-owned, oil company to maximize its profit from the new fields recently found by Petrobras, the state-controlled oil giant which recently announced that it had uncovered between 5 billion and 8 billion barrels of light, sweet crude in […]
Read more »Betting on Iraq’s Economy: The Next Surge?
August 29th, 2008
Received an interesting email blast from Nicholas Vardy’s Global Guru and, while I normally read such with high degrees of skepticism since they are aimed at selling something, I thought some of his comments may spark interest in this market. Per the report: “…While the media begrudgingly admits the success of the U.S. military “surge,” […]
Read more »Azerbaijan: Facing a New Energy Landscape
August 29th, 2008
Via Stratfor (subscription required), an insightful look at Azerbaijan and the new energy landscape facing it in light of Russia’s military defeat of Georgia. As the article notes: “…Russia’s military defeat of Georgia puts Azerbaijan in a difficult position. With all of its existing energy export routes now back under Russian control, Baku faces a […]
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.