Big Oil = Dinosaurs at the Tar Pit?
December 30th, 2007
As we’ve discussed before, Big Oil is quickly losing its historical global primacy to state-owned oil and natural gas companies in Russia, Venezuela, Saudi Arabia and elsewhere, i.e. the New Seven Sisters. Two recent articles provide recent examples of this transition. In the first, Steve LeVine examines Exxon’s view that resource nationalism will moderate as […]
Read more »More Pipe(line) Dreams? Nabucco’s Future
December 11th, 2007
Via Energy Daily, an excellent review of the proposed Nabucco natural gas pipeline, a 2,050-mile-long, $7.3 billion project connecting the Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western European gas markets. As the analysis concludes, the success of the pipeline project rests […]
Read more »Eni’s Cupboards No Longer Burren
December 3rd, 2007
Via the Wall Street Journal, news that Eni SpA has agreed to buy Burren Energy PLC for £1.74 billion ($3.59 billion), boosting Eni’s assets in Congo and giving it a foothold in Turkmenistan. While Eni is not one of the new Seven Sisters, it has executed a very aggressive frontier market strategy as of late, […]
Read more »Petro-politics and the Kashagan Showdown…
September 2nd, 2007
Strongly recommend this comprehensive background post on the current crisis involving the Kazakh government and the international consortium developing the country’s Kashagan field. Of particular interest, was the impact analysis that restructuring the Kashagan project may have upon Kazakhstans’s “petro-promises”: “….Kazakhstan has engaged to supply multiple customers, most of them powerful, and some of them […]
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.