Saudi Arabia To Ramp Up Oil Investments In China As It Competes With Russia
August 7th, 2023
Via Middle East Eye, an article on Saudi Arabia’s plan to ramp up oil investments in China as it competes with Russia: Saudi Arabia’s state-owned oil company, Aramco, will plough ahead with new investments in China, despite posting a 38 percent drop in profit as lower oil prices and production cuts bite. Aramco announced on Monday […]
Read more »TotalEnergies Plots Drilling Giant Prospect Off Papua New Guinea Coast
July 27th, 2023
Via Upstream Online, a report on TotalEnergies’ plans to explore a potentially giant prospect offshore Papua New Guinea: French supermajor TotalEnergies is planning in 2024 to eventually drill a high-impact potentially giant prospect offshore Papua New Guinea, the spudding of which has already been derailed for some four years — not least because of the […]
Read more »Saudi Aramco Acquires $3.4B Stake in a China Petrochemical Firm
July 21st, 2023
Via Al Monitor, a report that the world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude: Saudi Aramco has acquired a 10% stake in China’s Rongsheng Petrochemical Co. Ltd. for 24.6 billion renminbi ($3.4 billion), through its subsidiary Aramco Overseas Company BV, based in the Netherlands, the world’s biggest […]
Read more »In Iraq and Algeria, TotalEnergies Signs Major Deals
July 10th, 2023
Via Al Monitor, an article on new deals between Iraq and TotalEnergies that aim to help Iraq fix its longstanding power issues: French energy giant TotalEnergies has signed major deals with Algeria and Iraq in the past two days. Iraq’s Ministry of Oil and TotalEnergies signed a long-delayed $27 billion deal aimed at developing Iraq’s energy sector. […]
Read more »China’s CNOOC To Explore Tanzania’s Offshore Oil and Gas Fields
June 25th, 2023
Via Tanzania’s The Citizen, a report on Tanzania’s efforts to boost the development of its natural gas resources: Chinese state-owned offshore oil and gas company CNOOC, is planning to start offshore exploration with Tanzania Petroleum Development Corporation (TPDC) Energy Minister January Makamba told Bloomberg on Thursday. Tanzania is looking to boost the development of its […]
Read more »Qatar Strikes Second Big LNG Supply Deal With China
June 20th, 2023
Via Reuters, a report on Qatar second big LNG supply deal with China: Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead in the race to secure gas supplies from Doha’s massive production expansion project. China National Petroleum Corporation (CNPC) […]
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.