August 29th, 2008
As recently reported by The Guardian, China crossed the line first in the race for big oil contracts in post-Saddam Iraq and has gained a head start over Western oil majors in the competition for future energy deals. Per the article: “…China’s biggest oil company, state-run CNPC, agreed a $3 billion service contract with Iraq […]
Read more »Chavez “Oils” Venezuela’s Ties with China, But At A Cost
May 7th, 2008
Via Stratfor (subscription required), very interesting analysis of PetroChina’s deal with Venezuelan oil company Petroleos de Venezuela to build a 400,000 barrels per day refinery in China’s Guangdong province designed to process Venezuelan bitumen oil (extremely heavy, sour oil) into orimulsion, a fuel developed and patented by PDVSA. The deal allows Venezuelan President Hugo Chavez […]
Read more »Dinosaurs at the Tar Pit (4) / Needed: A Refined Approach to Refining
January 24th, 2008
Another day and more articles on the demise of Big Oil and the rise of The Seven Sisters. As Rig Zone points out: “…Three years ago, the top six names on the PFC Energy 50 ranking of the world’s largest oil & gas industry companies were ExxonMobil, BP, Royal Dutch Shell, Total, Chevron and Eni. […]
Read more »Dinosaurs at the Tar Pit (3): Energy’s Center of Power & Resource Nationalism Is On The Move
January 23rd, 2008
As noted in today’s Financial Times, the story of energy in the 21st century has been the relative decline of the developed world as both a producer and a consumer. We have been following this trend for some time now, keeping a close eye on The New Seven Sisters in particular. As the article reports: […]
Read more »Increasing Ties Between China and Turkmenistan
January 7th, 2008
Via Energy Daily, an insightful analysis of the growing ties between China and Turkmenistan. As we have recently discussed on this blog in earlier posts, China National Petroleum Corp. announced it will invest $2.16 billion to underwrite construction of a planned Central Asia-China natural gas pipeline. CNPC subsidiaries PetroChina and China National Oil and Gas […]
Read more »Gas’ing Up: China Pays For a Central Asian Pipeline
December 30th, 2007
I noticed via The International Herald Tribune, that China’s biggest oil company – China National Petroleum Corp. – has agreed to spend US$2.2 billion to help build a natural gas pipeline from Turkmenistan that will eventually supply energy for booming cities such as Shanghai. Just yet another matching of mutual interests – China’s desire to […]
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.