Southeast Asian Oil Firms Scout For Foreign Assets
September 20th, 2009
Via The Peninsula (Qatar), a report that Southeast Asia’s major oil and gas firms are gearing up for an aggressive expansion to overhaul local operations and snap up foreign assets to meet the needs of a fast-growing, power-hungry region. As the article notes: “…From the archipelagos of Indonesia and the Philippines to the rapidly developing […]
Read more »Bullish On Africa In The China Shop…
July 12th, 2009
Via Energy Daily, an update on China’s energy “shopping spree” in Africa. As the article notes: China’s oil companies, buoyed by the country’s foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent’s mineral wealth by Europe’s great […]
Read more »China’s Thirst For Iraqi Oil
June 29th, 2009
Via The New York Times, an interesting article on China’s keen interest in Iraqi petroleum opportunities. As the report notes: “…Chinese oil companies are expected to bid for the rights to develop Iraq’s oil fields in auctions that are set to start Tuesday, although Sinopec, the China National Petroleum Corporation and the China National Offshore […]
Read more »China Energy Companies: Go East (and North, South, and West) Young Man!
December 24th, 2008
Via Stratfor (subscription required), a report that China National Petroleum Corp. (CNPC) and other Chinese energy companies are actively hunting for new investments in foreign oil and natural gas projects. As the article notes: “…The combination of a global credit shortage and low oil prices has left many energy firms around the world in dire […]
Read more »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 »CNOOC Defends Its African Strategy
August 29th, 2007
CNOOC defended its drive for oil in Africa in today’s Financial Times, such as its deal last year when it and South Atlantic Petroleum paid $2.7bn for a 45 per cent stake in Nigeria’s Akpo field. According to the article, CNOOC expects the deep-water Akpo field to begin production by late 2008, and to have […]
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.