A Tiger On The Prowl In Africa
July 16th, 2010
Via Bloomberg, an interesting report on Indian Oil Corporation’s plans to acquire oilfields in Africa as part of a $1 billion overseas investment strategy. As the article notes: “…Africa is top of our list to buy assets because it is near India and has good quality crude,” Brij Mohan Bansal said in an interview at […]
Read more »Indonesia: Asia’s Hottest Tiger?
July 15th, 2010
Courtesy of The Financial Times, an interesting report detailing Indonesia’s recent economic rally. As the article notes: “…When Indonesia’s export market collapsed in the 1997 Asian financial crisis, the country didn’t look like it would ever get back into the regional manufacturing race. But the chairman of the investment coordination board, Gita Wirjawan, says Indonesia […]
Read more »Argentina: China’s New Africa
July 14th, 2010
Courtesy of The Financial Times, an interesting analysis of China’s interest in – and approach towards – Argentina. As the article notes: Being a commodity-hungry emerging power with plenty of cash can be a frustrating occupation sometimes. The goods are out there, the price is right, but getting hold of the stuff (be it oil, […]
Read more »Nigerian National Petroleum Corporation’s Dry Hole
July 14th, 2010
Via The Associated Press, news that Nigeria’s state-run oil company is “insolvent” and needs $6.6 billion to cover its debts and fund future oil exploration in the West African nation. As the report notes: “State Finance Minister Remi Babalola said that the Nigerian National Petroleum Corp. asked for the funding after acknowledging its costs far […]
Read more »Frontier Markets: Front And Center
July 11th, 2010
Courtesy of The New York Times, an interesting report on the increasing popularity of frontier market investments and Nigeria in particular. As the article notes: “THREE years ago, when Joseph Rohm, manager of the T. Rowe Price Africa and Middle East fund, visited Lagos, the capital of Nigeria, he was chaperoned by guards carrying semiautomatic […]
Read more »Getting Syria-ous About Oil
July 11th, 2010
Via Bloomberg, a report that Syria’s government has offered 74,000 square-kilometers of land, or 40 percent of the country, to international oil and gas companies for exploration. According to the article: “…In addition to new exploration on the land, the ministry is seeking the restoration of old wells where production ceased in the past several […]
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.