Billions in Oil Riches Vanish in Latin America as Pemex Stumbles
February 7th, 2023
Courtesy of Bloomberg, a report on how Pemex has seen its crude output decline almost every year since 2004 as mismanagement, debt and failing projects drag down Mexico’s oil giant: The rebound in oil prices over the last two years brought in record profits for the world’s largest crude producers, shoring up local economies and boosting jobs. Despite the fanfare, […]
Read more »TotalEnergies CEO To Visit Mozambique To Discuss LNG Restart
February 3rd, 2023
Via The Africa Report, report on TotalEnergies efforts to restart its Mozambique LNG project: The head of French energy giant TotalEnergies is expected this week to visit Mozambique, where a multi-billion-dollar gas project has been on hold since a 2021 jihadist attack. CEO Patrick Pouyanne is to fly to the southern African nation to discuss conditions […]
Read more »Eni Launches Major Gas Development Project In Libya
January 29th, 2023
Via Eurasia Review, a report on Eni’s strategic project aimed at increasing gas production to supply the Libyan domestic market as well as to ensure export to Europe: Eni CEO, Claudio Descalzi, and the CEO of the National Oil Corporation of Libya (NOC), Farhat Bengdara, agreed Saturday on the development of “Structures A&E”, a strategic project […]
Read more »Saudi Aramco Bets On Being The Last Oil Major Standing
January 17th, 2023
Courtesy of The Financial Times, an article on how – while some western energy companies prepare for a future less reliant on fossil fuels – Saudi Aramco, the world’s biggest supplier is doubling down: In Abqaiq, the biggest oil processing facility on the planet, there is no sense the world may be coming to the […]
Read more »Total Eren and Ecopetrol To Build Solar Project In Colombia
January 15th, 2023
Via Power Technology, a report that Total Eren and Ecopetrol plan to jointly build a solar project in Colombia: Colombian energy company Ecopetrol has partnered with Total Eren to build a solar photovoltaic farm with nearly 100MWp of capacity in Colombia. The Rubiales solar facility will be built in the municipality of Puerto Gaitan in Colombia’s Meta province. Total EREN will develop, finance, build […]
Read more »Calls For A South-North Energy Axis Between Europe and Africa
January 7th, 2023
Courtesy of The Financial Times, an article on growing calls for a south-north energy axis between Europe and Africa: The chief executive of one of Europe’s biggest oil and gas companies has said the EU should look to Africa rather than the US as it seeks to replace Russian energy imports. Claudio Descalzi, who has run […]
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.