As Shell and ExxonMobil Sell Onshore Assets, Are Africa’s Indigenous Producers Ready?
September 5th, 2024
Via The Africa Report, a look at whether – as Shell and ExxonMobil sell onshore assets – Africa’s indigenous producers are ready? As oil majors shift focus to deep offshore exploration in Africa, local producers face rising costs and complex challenges in a rapidly evolving industry landscape. A long-term shift by oil majors towards deep […]
Read more »Angola & Nigeria: State-Led Petroleum Sector Development
March 23rd, 2024
Via Phenomenal World, a report on state-led petroleum sector development in Angola and Nigeria: Oil and gas producers in Africa, like developing countries across the globe, face a particular problem in pursuing state-led development. The resource curse, and specifically the phenomenon of “Dutch disease,” in which an exporting industry brings in foreign capital and causes the […]
Read more »Is The Dragon Out-Maneuvering The Tiger In Africa?
July 21st, 2010
Courtesy of Africa-Asia Confidential, a detailed look at China’s and India’s strategic business initiatives in Africa. As the article notes, China’s state companies have been advancing several billion-dollar petroleum and bank deals while India’s plans may be on hold: “…The Lagos State government, the Nigerian National Petroleum Corporation and the China State Construction Engineering Corporation […]
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 »Reorganizing The Nigerian National Petroleum Corporation
April 13th, 2009
Via Energy Daily, a report on the evolving reorganization of Nigeria’s national oil company. As the article notes: “…Nigerian President Umaru Yar’Adua has replaced six of the top officers at the country’s state-run petroleum company in an effort to prepare the Nigerian National Petroleum Corp. for proposed reforms to the sector.”The ongoing changes are in […]
Read more »The Nigerian Petroleum Co. – Nigeria’s Aramco?
September 14th, 2007
News from the Energy Daily that Nigeria will replace the Nigerian National Petroleum Co. with the Nigerian Petroleum Co., which analysts say will function more like a state-owned oil firm modeled after Saudi Arabia’s Aramco rather than a government agency. “….Nigeria’s energy minister, who only assumed his new post six weeks ago, said foreign oil […]
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.