Ni Hao, Repsol
August 10th, 2009
Via The Wall Street Journal, a report that China National Petroleum Corp. and Cnooc Ltd. have proposed paying at least $17 billion for all of Repsol YPF SA’s stake in its Argentine unit YPF SA. As the article notes: “…The deal, which could be the biggest overseas investment by China, highlights its growing thirst for […]
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 To Lend $10B To Kazakhstan In Return For Oil Stake
April 12th, 2009
Via Bloomberg, a report that China, the world’s second-biggest energy consumer, may agree next week on lending $10 billion to Kazakhstan in return for the right to take a stake in an oil producer in the Central Asian country. As the article notes: “…China National Petroleum Corp. plans to buy a minority holding in AO […]
Read more »Venezuela’s Oil: “At The Service of China”
March 16th, 2009
Via Bloomberg, a report that PetroChina Co. and Venezuela will build a refinery in Guangdong province that will rival the biggest Chinese oil-processing plant by capacity as the two nations reinforce their energy ties. As the article notes: “…PetroChina, the country’s largest oil company, will “further realize” the agreements with Venezuela on the 400,000 barrel-a-day […]
Read more »China and Iran Sign Large-Scale Oil Development Contract
January 15th, 2009
Via Energy Daily, a report that China and Iran recently signed a $1.76 billion contract for the initial development of the North Azadegan oil field in western Iran. As the article notes: “…The agreement between China National Petroleum Corporation (CNPC) and the National Iranian Oil Company (NIOC) foresees production from the field reaching 75,000 barrels […]
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.