Deferring Nabucco Is Win-Lose for Gazprom
March 19th, 2009
As reported in The Moscow Times, the foreign ministers of 27 European Union countries could not agree on the 3.5 billion euro budget for energy projects during a recent meeting. This means, among other things, that the fate of the Nabucco project, which was supposed to be allocated 250 million euros, has been essentially put […]
Read more »Cuba’s Black Gold…
March 19th, 2009
Via Energy Daily, details on Cuba’s recent efforts to negotiate oil exploration and production deals with Russia, China and Angola, with its focus on Moscow shaping up as the partnership that could make the communist island nation energy self-sufficient. As the article notes: “…The Cuban oil industry’s venturing out into deep sea waters in the […]
Read more »Imminent Decline in Turkmenistan Gas Due To Lack Of Investment
March 18th, 2009
Via Bloomberg, news that Turkmenistan may need at least $5 billion a year in the next decade to stem a decline in natural gas production and meet export commitments to China, Iran and Russia. According to the article: “….The Central Asian nation has to produce 90 billion cubic meters of gas a year to maintain […]
Read more »Venezuela and Russia Form JV To Explore For Oil
March 18th, 2009
Courtesy of The International Herald Tribune, a report detailing the plans for Venezuela and Russia to form a joint company to work together on oil projects. As the article notes: “…Venezuelan President Hugo Chavez called the formation of a Russian-Venezuelan energy company an important step. He said it will “open operations not only in Venezuela, […]
Read more »China Continues To Buy Into Africa’s Potential
March 18th, 2009
Via Terra Daily, a report that China is going to increase its investments in Africa. As the article notes: “…China will boost its state-run Africa investment fund by two billion dollars, so as to snap up opportunities left by Western investors leaving the continent, the Financial Times said Tuesday.Since its launch in 2006, the China-Africa […]
Read more »China and Iran: Partners in Yadavaran
March 16th, 2009
Via Radio Liberty, a report on a multibillion-dollar agreement recently concluded between China and Iran to develop the big Yadavaran oilfield in southern Iran. As the article notes: “…The Yadavaran oil field has crude oil reserves estimated at three billion barrels. That appears to be an irresistible statistic for China, whose oil-hungry economy is slated […]
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.