As reported by BBC, a huge natural gas field has been found a short distance off Rio de Janeiro’s coastline, another recent find which could help turn Brazil into even more of a leading global energy supplier. According to Petrobras, the company believes the new field, Jupiter, could match the recently discovered Tupi oil field […]
Read more »Two recent reports on Gulf Arab telecom operators continuing their expansionist trends out of their home markets, where most have been riding a wave of economic growth spurred by a five-fold increase in oil prices since 2002. First, an article detailing Saudi Telecom’s – the largest Arab telecom firm by market value – $2.6 billion […]
Read more »As neatly reported by Energy Daily, Russia is moving swiftly to develop projects in its own self-defined sector of the Caspian Sea. Russia’s move offshore means it is now joining post-Soviet republics Azerbaijan, Kazakhstan and Turkmenistan in developing their claimed national sectors of the Caspian, leaving only Iran – stymied by U.S. trade sanctions barring […]
Read more »In an exclusive SPIEGEL interview, OPEC Secretary-General Abdalla Salem el-Badri discussed – among other items – the failures of the multinational oil companies and the possibility of a caretel for natural gas.  His thoughts, noted below, are highly interesting: “…SPIEGEL: (Russian) President Vladimir Putin certainly has other ideas. Last year he called the idea of […]
Read more »An interesting look by The Financial Times at India’s auction of oil & gas exploration blocks on which the global majors have mostly shied away from bidding. As the article notes: “…India has a tough time attracting the big players. While the auction process itself is widely perceived as transparent, domestic companies tend to bid […]
Read more »As noted several weeks ago, Iran’s Pars Oil & Gas struck a $16 billion deal with SKS Ventures, a subsidiary of Malaysia’s Al-Bukhari Foundation, to develop the Golshan and Ferdowsi gas fields in southern Iran. This agreement was in line with the national policy to attract investments in oil and gas sector from non-Western, especially […]
Read more »