PetroChina: A Global Growth Strategy Not Admired at Home?
October 22nd, 2008
Via Stratfor (subscription required), an in-depth look at recent consideration by China’s state-owned energy giant PetroChina to acquire smaller foreign energy companies that have been weakened by the global financial contagion. As the article notes, while PetroChina stands to benefit from such acquisitions — as do China’s energy-craving domestic industries and markets — the company’s […]
Read more »Part of the Axis of Oil Springs A Leak
October 21st, 2008
Via The International Herald Tribune, an interesting look at the recent (mis)fortunes of Russia, Iran, and Venezuela in their bids to challenge United States hegemony in the aftermath of falling oil prices. As the article notes: “…For all three nations, oil money was a means to an ideological end. President Hugo Chávez of Venezuela used […]
Read more »Will The Global Financial Crisis Sink Petrobras’ Offshore Development Plans?
October 21st, 2008
From Seeking Alpha, a pessimistic view on Brazil’s oil giant Petrobras (PBR) which recently postponed the disclosure of its new business plan so that it could evaluate the impact of the global financial crisis. As the article notes, the global credit crunch may severely impact the deepwater building program at Petrobras: “…We noted previously that […]
Read more »Mobius on Emerging and Frontier Markets
October 21st, 2008
Via The Financial Times, an interesting report on Mark Mobius’ continued optimism on emerging markets and several which he is focused on at present. As the article notes: “…While global growth has slowed, emerging markets are still expected to grow at a much faster rate than developed markets. Predicted growth for emerging markets is an […]
Read more »Cuba Claims Much Larger Offshore Oil Reserves
October 17th, 2008
Via BBC, an interesting report that Cubapetroleo, the state-owned Cuban oil company, recently announced that the country may have more than 20bn barrels of oil in its offshore fields – more than double the previous estimate and an amount that would place Cuba among the top 20 oil producing nations. As the article notes: “…Cubapetroleo’s […]
Read more »Iran: Energy Transport Route
October 17th, 2008
Courtesy of Energy Daily, an interesting look at how – in the aftermath of the August military confrontation between Georgia and Russia –former Soviet republics and rising petro-states Azerbaijan and Kazakhstan have been reassessing their export options, with Iran receiving increased attention in both Baku and Astana. As the article notes, Iran has been moving […]
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.