Ecuador Gains Help to Maintain Petroleum Production
August 10th, 2008
From Bloomberg, a report that State-owned energy company PetroEcuador and Ivanhoe Energy Inc., a Canadian oil and natural-gas producer, will sign an oil production deal in which Ivanhoe will invest about $4.5 billion over the 30-year lifetime of the agreement to extract crude from the Pungarayacu oil field in the Ecuadorean Amazon. According to the […]
Read more »Sinochem: Hunts for Assets Overseas
August 8th, 2008
Via Energy Daily, news that China’s Sinochem Corp., a state-owned oil trading conglomerate, has entered into an agreement to explore oil and gas in two blocks in Indonesia. As the article notes: “…Sinochem has bought a 20-percent working interest in Merangin II Block and a 40-percent stake in Belida Block, both in oil-rich south Sumatra, […]
Read more »Central Asia’s Seaport: Gwadar vs. Chabahar
August 7th, 2008
Via Registan.net, an excellent analysis of both Iran and Pakistan’s strategies to create strong economic and transport ties with Central Asia and beyond via two new seaports: Gwadar in Pakistan and Chabahar in Iran. While the competition between the two ports may not result in a “winner take all” outcome but rather one port earning […]
Read more »Turkey and Iran: Natural Gas Deal
August 7th, 2008
According to The International Herald Tribune, Turkey and Iran will probably sign a natural gas deal during Iranian President Mahmoud Ahmadinejad’s expected visit to the Turkish capital, Ankara. As the report notes: “…Ahmad Noorani, in charge of economic affairs at the Iranian Embassy in Ankara, said the two countries agreed in May on the construction […]
Read more »Petrobras and Jubarte: Next Stop Jupiter?
August 7th, 2008
From Stratfor, news that Brazilian state oil firm Petroleo Brasileiro (Petrobras) reportedly plans to start production at the Jubarte oil well in the Campos Basin on Aug. 12. While the well’s initial production is expected to be relatively small, the project marks a technological step forward for Petrobras. As the article notes: “…Though this production […]
Read more »China and India: Face Off Over Siberian Oil
August 7th, 2008
As recently reported in The Wall Street Journal, China and India are facing off yet again in the race to secure energy resources to fuel their economic growth, this time in Russia’s Siberian oil fields. As the article notes: “…Sinopec, has joined the bidding for London-listed Imperial Energy Corp., which primarily produces oil in Russia, […]
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.