More Than King Solomon’s Mine…?
August 11th, 2008
From the current issue of Fortune Magazine, an interesting article on a new generation of fortune hunters seeking riches under the sands of Saudi Arabia, namely gold and potentially even more lucrative metals and minerals. As the article notes: “Gold, copper, phosphate, bauxite this place could be the next Canada or Australia,” says InEs Scotland, […]
Read more »Iran, Algeria to Discuss OPEC-style Gas Group
August 10th, 2008
As reported by Reuters, Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian president Abdelaziz Bouteflika to Tehran. As the article notes: “… Iran wants to turn the previously toothless Gas Exporting Countries Forum (GECF) into a more formal organization akin to the Organization of […]
Read more »Original Seven Sisters: Old & Struggling
August 10th, 2008
From Newsweek, a timely reminder of the struggles facing the original Seven Sisters and the rise of the new oil majors. As the article notes: “…The escalating [BP] dispute is emblematic of the problems facing Big Oil—shrinking access, falling profit margins, underinvestment in equipment and technology and a business model that’s increasingly questioned. Major Western […]
Read more »Ka$hakhstan
August 10th, 2008
Via Arabian Business, an interesting look at the wave of Middle Eastern investment targeting Kazakhstan. Up for grabs is the vast and untapped commodity wealth of a country the size of Western Europe, with all the wheat, copper and uranium that Gulf states need. As the article notes: “…The head of investment banking at Renaissance […]
Read more »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 »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.